For the past seven weeks, mortgage rates have continually decreased. This trend began in late October when the rate reached its highest point since 2000 at 7.79%. Real estate agents across the country are encouraging prospective buyers to think about a possible “buy now, refinance later” approach. In the United States, the average long-term...
Read MoreBy Lauren Wong The small Arizona Suburb, Paradise Valley, has had a major increase in out-of-state buyers since the Pandemic. Housing prices have basically doubled over the past few years. When the pandemic hit, it forced many people to switch up their work life, from going to the office, to working completely from home....
Read MoreThere is a new development coming to the Upper Middle. Construction is officially underway on a $300 million multiuse development in Phoenix. The new development located at 44th Street and Camelback Road, will be called The Grove, and will include a variety of facilities including office space and restaurants as well as the first hotel from...
Read MoreThis week, Governor Doug Ducey the Arizona Department of Economic Security will be launching a new Emergency Rental Assistance Program to provide financial assistance and housing stability. “We want to make sure renters in Arizona have the resources and support they need,” said Governor Ducey. “The rental assistance program will keep families and those...
Read MoreOnline real estate brokerage Redfin has launched its instant home buying platform, RedfinNow, in the Phoenix metro area. The service allows Valley sellers to request cash offers for their homes directly from RedfinNow and sell to Redfin. That’s in addition to the option of selling on the open market with local Redfin agents, which...
Read More