by admin | Sep 11, 2025 | News
Home prices are projected to ↑ 19.8% cumulatively by the end of 2029. Top experts predict up to ↑ 31.0% total growth, while the most cautious expect only ↑ 8.3%. The avg expected annual growth rate through 2029 is ↑ 3.7%, down from recent post-pandemic highs. High...
by admin | Sep 10, 2025 | News
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....
by admin | Sep 8, 2025 | News
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
by admin | Sep 7, 2025 | News
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...
by admin | Sep 6, 2025 | News
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...
by admin | Sep 5, 2025 | News
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...
