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While US apartment rents dip, Phoenix rates continue to climb

While US apartment rents dip, Phoenix rates continue to climb

by Becca Linnig | Oct 15, 2019 | Property Owner, Rental, Rental Property

While apartment rental rates nationwide are cooling, they continue to heat up in metro Phoenix. The national average rent increased by 3.3% to $1,472 in August compared to the same month a year ago, according to data published by RentCafe, which is affiliated with...
Phoenix embarks on $3B bioscience capital projects, creating 7,000 jobs

Phoenix embarks on $3B bioscience capital projects, creating 7,000 jobs

by Becca Linnig | Oct 15, 2019 | Buying A House, Home buyer, Property Owner

More than $3 billion in bioscience capital expenditures will be invested in Phoenix during the next 24 months, according to a report presented to Phoenix City Council on Oct. 8. Of that investment, $1 billion is underway, said Christine Mackay, director of economic...
Access to transit boosts Phoenix residential, office values, report says

Access to transit boosts Phoenix residential, office values, report says

by Becca Linnig | Oct 15, 2019 | Market Updates, Property Owner, Rental Property

Access to mass transit improved residential sales value in seven major American cities and increased office sales value in five, including Phoenix, according to a study by the American Public Transportation Association and the National Association of Realtors. In...
Phoenix home market still tipping to sellers as price increases continue

Phoenix home market still tipping to sellers as price increases continue

by Becca Linnig | May 14, 2018 | Moving, Sales, Sell House

Phoenix and Arizona housing prices will continue to climb for the foreseeable future, as the market continues to tip heavily in favor of sellers. That’s according to the latest CoreLogic Home Price Index, detailing year-over-year price growth from March 2017 to...
Arizona, Phoenix foreclosure and delinquency rates are below national averages

Arizona, Phoenix foreclosure and delinquency rates are below national averages

by Becca Linnig | Apr 10, 2018 | Buying A House, Homeowner, Market Updates

Foreclosure rates in Arizona are down, and for both the state and its major metro areas remain lower than the national average. That comes from the latest CoreLogic LPI report looking at foreclosure rates, and serious delinquency rates and 30-day delinquency rates....
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