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What’s Driving Foreign Buyers to Phoenix This Year?

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...
Buying vs. Renting in Phoenix: Income Gap Keeps Growing

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...