Mortgage activity hits 25-year low as rates rise
The Federal Reserve's strategy of raising interest rates in an attempt to fight sky-high inflation is sending mortgage rates higher, impacting home buyers.
Flagstaff residents, small businesses offered SBA loans for monsoon destruction at low interest rates
It's the end of the monsoon season, but for those in Flagstaff, the monsoon caused damage that'll take some time to recover from. The Small Business Administration is offering low-interest rate loans to those impacted.
Ian brings more damage to Florida's already unstable insurance market
Florida’s property insurance market was already strained under billion-dollar losses, insurer insolvencies, and skyrocketing premiums. Then came Hurricane Ian.
As home-building costs rise, Phoenix area company uses foam to build houses
Homes in the Phoenix area are often built with lumber, but amid rising costs and questions over lumber's environmental impact, one Arizona company is using a different material to build new structures.
Interest rates rise again: How you can make a home loan more affordable
Just last week, the feds raised interest rates again by three-quarters of a percent. The rising rates make buying a home even more expensive and out of reach for some buyers. So what can you do?
US housing recession could send home prices tumbling 20%, economist says
Home prices have already declined 5% from their May peak.
These are the top 10 U.S. cities with the biggest homes
A new housing report finds that cities with stable job markets and a low cost of living factor into homebuyers' demand for bigger homes.
Phoenix mobile home community residents being told to leave the property
People who live in a mobile home community in the area of 12th Street and Indian School rallied at Phoenix City Hall on Sept. 22. They say they have been told to leave, but the deadline given by the property owner is just too soon, and some say they might not be able to afford rent elsewhere.
Zillow Gone Wild: Homes with special touches featured on social media page
With so many different real estate websites, it has never been easier to look at homes on the internet, and Zillow Gone Wild, which profiles homes with special touches on social media, has featured homes from the Phoenix area.
Fed hikes rate by three-quarters of a point in continued fight against inflation
The Fed’s move boosted its benchmark short-term rate, which affects many consumer and business loans, to a range of 3% to 3.25%, the highest level since early 2008.
Existing home sales drop to lowest level since 2020
Sales of previously owned houses fell in August for the seventh consecutive month as rising interest rates pushed potential homebuyers out of the market.
As Federal Reserve continues to raise interest rate, here's what you should know about its impact on Arizonans
The U.S. is still dealing with inflation that has reached a decades-long high, and the latest data shows Phoenix is the epicenter for the rise in inflation. Here's what you should know.
Arizonans living in mobile or manufactured homes are at higher risk in the heat, research suggests
We know Arizona summers are deadly, but new data from Arizona State University researchers found that certain residents are at far greater risk in our heat.
Redfin predicts sharpest turn in housing market since 2008 crash
After two years of record high sales, data shows the housing market is starting to cool down.
Foundation pays off mortgages on the homes of 21 fallen first responder families in honor of 9/11
Tunnel to Towers has raised $250 million and counting.
Then vs. now: What the world was like when Queen Elizabeth II was coronated in 1953
The world has changed in unimaginable ways since Queen Elizabeth II was crowned in 1953.
Bank of America tests no-down-payment mortgages for homebuyers in Black, Latino neighborhoods
The program – called the Community Affordable Loan Solution – will be available to people in certain predominantly Black and Hispanic neighborhoods.
Homebuyers are taking back their bargaining power, survey shows
Approximately 92% of homeowners accepted 'some buyer-friendly terms' when selling their home last month.
Cooling housing market: Idaho, Colorado, Utah sellers drop prices in July
Here are the top 10 U.S. cities that had the highest share of sellers who dropped their asking prices in July as more buyers backed out of the market.
Massive rent hikes may finally be coming to an end, economist says
Rent prices are still at an all-time high for many tenants, but data shows asking rent prices have begun to slow.