Marcia Fudge steps down as HUD secretary

Housing and Urban Development Secretary Marcia Fudge announced Monday that she would resign her post, effective March 22, saying she was leaving “with mixed emotions."

Phoenix apartment vacancy rate is up, but investors remain optimistic

Currently, the vacancy rate for Phoenix apartments is near double-digit territory, and some are wondering what this means for rent prices, as well as the home rental industry.

Forever renters: Homeownership not a plan for some
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Some Americans are known as ?forever renters,? in that they say they will never buy a home. Reporter Teresa Priolo has more on why the concept of renting and not buying makes sense to some people.

Rent prices are changing thanks to 'apartment-building boom' – what renters should expect

Rent prices are evolving – potentially for the better – in 2024 thanks to an “apartment-building boom," according to Redfin chief economist Daryl Fairweather. Here’s what renters should know.

Price-fixing conspiracy artificially jacked up apartment rent prices in Phoenix and Tucson, Arizona AG says

Arizona Attorney General Kris Mayes is claiming a widespread price-fixing conspiracy artificially jacked up apartment rent prices in the Phoenix and Tucson communities, forcing thousands of families to pay more than what they should have.

AZ AG sues over alleged inflated rent prices
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Arizona Attorney General Kris Mayes is claiming a widespread price-fixing conspiracy artificially jacked up apartment rent prices in the Phoenix and Tucson communities, forcing thousands of families to pay more than what they should have. FOX 10's Lauren Clark has more.

Baby boomers to blame for housing shortage, real estate report says

A new Redfin report shows that older Americans are hanging onto their homes longer, making it difficult for homebuyers to find and afford houses.

Gen Z has found their state of choice and it's not California or New York

Gen Zers have their sights set on one state in particular, where that generation was more likely to move to more than any other state in 2022.

Housing is expensive for a record half of American renters, study shows

A new Harvard analysis reveals soaring housing costs put a financial strain on millions of renters, with prices spiking during the pandemic.

2023 home sales fell to lowest level in nearly 30 years, new report reveals

Sales of previously occupied U.S. homes sank in 2023 to a nearly 30-year low as mortgage rates climbed to the highest level in more than two decades.

Advocates speak on AZ nondiscrimination act
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Advocates for the LGBTQ+ community spoke at the Arizona State Capitol on Jan. 18 in support of House Bill 2625, the Statewide Non-discrimination Act that was introduced in the state legislature.

How much money do you need to make to buy a home?
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As prices skyrocket, people may wonder how much money they will need to make in order to buy a home, and according to one realtor and TikTok creator, the amount is a lot more than one might think.

About 24% of renters in America say they can no longer afford their rent, study says

While buying a home is an issue for some, covering the cost of rent every month is becoming a growing burden for many, based on findings from Intuit Credit Karma.

2024 Phoenix housing outlook
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Carla Magee, a local real estate investment specialist, joins AZAM to talk about what to expect in the 2024 housing market.