Phoenix City Council votes 8-1 to legalize casitas in backyards
Phoenix city leaders voted 8-1 to approve a proposal that would once again allow homeowners to build full-fledged living units in their backyards.
Phoenix city leaders voted 8-1 to approve a proposal that would once again allow homeowners to build full-fledged living units in their backyards.
Mortgage demand plummets as high rates squeeze buyers
High mortgage rates are rapidly cooling housing demand.
High mortgage rates are rapidly cooling housing demand.
Phoenix votes to legalize guest houses in backyards
Phoenix city leaders voted 8-1 to approve a proposal that would once again allow homeowners to build full-fledged living units in their backyards.
Phoenix city leaders voted 8-1 to approve a proposal that would once again allow homeowners to build full-fledged living units in their backyards.
Expert says ‘some kind of miracles’ needed in 'world of real estate' to reverse trends
The housing market continues to leave homebuyers struggling to find affordable options as mortgage rates surge and inventory remains scarce.
The housing market continues to leave homebuyers struggling to find affordable options as mortgage rates surge and inventory remains scarce.
Survey: Half of homeowners want to move but feel stuck
Even a small shift in mortgage rates could make a big difference to home affordability.
Even a small shift in mortgage rates could make a big difference to home affordability.
Home prices will rise in 2023 as affordability crisis worsens, Goldman says
Goldman Sachs projects home prices to climb by 1.8% this year amid housing shortage
Goldman Sachs projects home prices to climb by 1.8% this year amid housing shortage
The US housing market may be trapped in a prolonged freeze
Fannie Mae economists predicted in a revised forecast that the U.S. housing market faces a prolonged downturn due to high mortgage rates and limited supply.
Fannie Mae economists predicted in a revised forecast that the U.S. housing market faces a prolonged downturn due to high mortgage rates and limited supply.
Mortgage rates reach highest level in over 20 years
Rates for a 30-year fixed mortgage now average 7.09%, the highest since 2002, putting further pressure on the cooling housing market amid high prices.
Rates for a 30-year fixed mortgage now average 7.09%, the highest since 2002, putting further pressure on the cooling housing market amid high prices.
Real estate brokerage giant predicts 'tough' market for remainder of 2023
Redfin CEO Glenn Kelman said the real estate market is at a 'standstill.'
Redfin CEO Glenn Kelman said the real estate market is at a 'standstill.'
Homebuilder sentiment plummets as mortgage rates surge again
Builder confidence unexpectedly dropped for first time this year.
Builder confidence unexpectedly dropped for first time this year.
These four US cities face the biggest housing shortages
The U.S. housing shortage is worse in several cities that have experienced a booming labor market, strong population growth, and low housing inventory.
The U.S. housing shortage is worse in several cities that have experienced a booming labor market, strong population growth, and low housing inventory.
Monthly costs for homebuyers rise nearly 20%
The average rate on 30-year fixed mortgage rose to 6.9% this week.
The average rate on 30-year fixed mortgage rose to 6.9% this week.
Phoenix eviction filings reach 15-year highs
Evictions have hit highs that Phoenix hasn't seen in over a decade. More than 7,100 cases were filed last month, according to Maricopa County.
Evictions have hit highs that Phoenix hasn't seen in over a decade. More than 7,100 cases were filed last month, according to Maricopa County.
Man buys cheapest livable home in Phoenix after bidding war
The cheapest home you can buy in Phoenix that is livable now has a new owner.
The cheapest home you can buy in Phoenix that is livable now has a new owner.
Home prices see sharpest rise since November even with lackluster demand
A typical home sold for about $382,000 during the four weeks ending on July 23.
A typical home sold for about $382,000 during the four weeks ending on July 23.
High mortgages rates will weigh on the housing market for years
U.S. property prices face 2.4% decline amid high mortgage rates.
U.S. property prices face 2.4% decline amid high mortgage rates.
Monthly mortgage payments reach record highs in US
The median monthly payment for home purchase loans jumped 14.1% in May to an all-time high $2,165.
The median monthly payment for home purchase loans jumped 14.1% in May to an all-time high $2,165.
Free speech & Phoenix's housing market | Newsmaker
In this episode of John Hook's Newsmaker Saturday, we're touching, separately, on the topics of free speech and the difficult housing market in Phoenix. In the first segment, we talk with Ann Atkinson, an Arizona State administrator and director of the T.W. Lewis Center for Personal Development. She was criticized for inviting speakers who many on campus said were controversial. In the second segment, we chat with Todd Lee, a Phoenix real estate agent with Berkshire Hathaway. He talks about a home he found that's likely the cheapest, but livable, home in the city of Phoenix.
In this episode of John Hook's Newsmaker Saturday, we're touching, separately, on the topics of free speech and the difficult housing market in Phoenix. In the first segment, we talk with Ann Atkinson, an Arizona State administrator and director of the T.W. Lewis Center for Personal Development. She was criticized for inviting speakers who many on campus said were controversial. In the second segment, we chat with Todd Lee, a Phoenix real estate agent with Berkshire Hathaway. He talks about a home he found that's likely the cheapest, but livable, home in the city of Phoenix.
Homeownership is the new hot wedding gift
Newlyweds are asking for cash to help with buying their first house in lieu of more traditional wedding presents.
Newlyweds are asking for cash to help with buying their first house in lieu of more traditional wedding presents.
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.
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.