Blog
Arizona Closing Costs: How Much Homebuyers Pay
Closing costs usually amount to 3% to 6% of the mortgage. For example, a $450K mortgage could mean ~$13K to $27K in closing fees. In Arizona, homebuyers pay an avg of $4,701 in closing costs. The avg transfer taxes in Arizona are $0, so no transfer tax is applied....
Sellers Beware: Market Balance Is Coming
Home sales are expected to rebound if mortgage rates drop below 6.5%, unlocking delayed buyer demand. Home prices are forecasted to rise moderately by ↑ 4.4% by end-2025 due to persistent supply shortages
Price-to-rent ratio in 52 cities
The price-to-rent ratio helps determine if buying or renting is more affordable in a city by dividing median home price by annual rent. Ratios below 18 favor buying; above 18 favor renting. Cities like San Jose (45) and San Francisco (36) have high ratios, making...
Phoenix housing market getting friendlier for sellers
June home sales data in Phoenix show sellers gaining an advantage, with median prices rising in Ahwatukee ZIP codes 85044 and 85048 by 4.3% and 6.9% year-over-year. Inventory increased significantly, and pending sales dropped. The Phoenix market remains steady at a...
Construction Costs Should Predict Housing Prices Across Cities. They Don’t. Here’s Proof.
Research analyzing 75 years of data shows that construction costs—materials, labor, and builder profits—have little impact on housing prices across U.S. cities. Since the late 1970s, housing prices have outpaced building costs, with cities like Miami having prices...
Property Market Growing 2.8% Annually to 2034
By 2034, it's expected to grow to $4.52 trillion, at a steady 2.8% annual pace. It covers everything—homes, offices, factories, land—through buying, selling, renting, and leasing