Blog
What’s Driving Foreign Buyers to Phoenix This Year?
Phoenix draws 2.3% of foreign homebuyer interest, appealing especially to Canadian buyers with its sun-filled climate and affordability. The city offers more space and lower costs compared to major metros. Its outdoor lifestyle and economic diversification are drawing...
Phoenix: Evergreen Global Property Favorite
Phoenix accounted for 2.3% of international buyer interest in the US during Q1 2025. Phoenix is among top 10 cities for international demand.
Is Phoenix Still Affordable? The Truth in 2025
Comfortable income needed for homeowners: ~$111K Comfortable income needed for renters: ~$90K Household median income: ~$77K Monthly mortgage cost: $2,559 Monthly rent cost: $1,695
The Permit Freedom Act: A Proven Solution to America’s Housing Crisis
Arizona’s 2023 Permit Freedom Act cut permit approval times from 200 to 126 days, reducing delays by up to 64% in some cities. This reform is expected to add 3,800 homes annually by 2035, lower new home prices by 5%, create 34,000 jobs, and boost the economy by $6.4...
Buying vs. Renting in Phoenix: Income Gap Keeps Growing
A recent analysis shows US homebuyers now need to earn ~$116K, 82% more than renters, to afford a median-priced home. The affordability gap has quadrupled since 2021, driven by rising home prices and mortgage rates, while rents remain mostly flat. The income gap is...
Phoenix council makes changes to city’s building codes
Phoenix updated its building code to enhance safety and sustainability, focusing on accessibility. Changes include requiring new single-family homes and townhouses to have electric vehicle charging infrastructure, water-efficient fixtures, and inclusive design...