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3 Thrifty Ways to Pay off Your Mortgage Early
About 34% of U.S. homeowners have paid off their mortgages, driven by a desire for stability in a changing economy. Here are three ways to pay off your mortgage early: 1. Switch to bi-weekly payments to make an extra full payment each year. 2. Consider creative...
2025 Q3 Greater Phoenix Multifamily Commercial Real Estate Market Report
The Greater Phoenix multifamily market showed steady growth in Q3 2025 with occupancy rising to 93.5% despite a record 6,018 new units delivered. Key submarkets like North Scottsdale and Tempe absorbed supply well. Investment sales hit $3.2 billion year-to-date,...
Breaking Down Your Mortgage Payment: What You’re Really Paying for Each Month
A mortgage payment consists of four main components: principal, interest, taxes, and insurance (PITI). The principal is the loan amount, while interest is the cost of borrowing. Property taxes and homeowners insurance are typically managed through an escrow account....
Phoenix Metro Homeownership: What You Really Pay
The avg US homeowner now pays ~$16K/yr in hidden homeownership costs, including maintenance, insurance, and property taxes. These hidden costs are rising faster than household incomes, 4.7% vs. 3.8% over the past year. Phoenix homeowners pay ~$13.4K/yr in hidden...
Found a Good Mortgage Rate? Lock It In!
Obtaining the lowest mortgage interest rate is crucial for prospective homeowners, as lower rates lead to reduced monthly payments. However, advertised rates may not be available by the time of closing due to daily fluctuations. A mortgage rate lock guarantees a...
Suburbs Remain Strong in Phoenix
Continued inbound migration fuels strong suburban buying activity. New listings climb, moderating previous supply shortages. Median prices remain elevated across outer suburbs. Days-on-market shorten for competitively priced homes. Outlook: ↑3–5% expected if migration...