US new home sales drop to lowest level in 2 years
New single-family home purchases tumbled 8.1% to a seasonally adjusted annual rate of 590,000 units, the lowest level since April 2020.
New single-family home purchases tumbled 8.1% to a seasonally adjusted annual rate of 590,000 units, the lowest level since April 2020.
These are the top 7 US cities homebuyers are trying to leave
A new report from Redfin reveals more potential homebuyers are willing to relocate if that means finding more affordable homes.
A new report from Redfin reveals more potential homebuyers are willing to relocate if that means finding more affordable homes.
Colorado, Utah, Idaho metros had biggest share of sellers dropping home prices in June
Boise had the most sellers drop their asking prices. Denver and Salt Lake City were next as fears of inflation and recession rise.
Boise had the most sellers drop their asking prices. Denver and Salt Lake City were next as fears of inflation and recession rise.
These states had the biggest share of sellers dropping home prices
In one city, home prices are down more than 60%.
In one city, home prices are down more than 60%.
Demand for rental assistance in Maricopa County is up. Can aid keep pace with pre-pandemic eviction rate?
Landlords are filing evictions in Maricopa County at the rate we saw before the COVID-19 pandemic now that the moratorium has been over for months, and because of that, the county is seeing more and more tenants file for rental assistance. Can the program keep up with these requests for help?
Landlords are filing evictions in Maricopa County at the rate we saw before the COVID-19 pandemic now that the moratorium has been over for months, and because of that, the county is seeing more and more tenants file for rental assistance. Can the program keep up with these requests for help?
Despite high rent, it’s still cheaper than buying a home – except in these cities
Rents are up 14.1% over the same time last year — they’ve hit record levels every month for the past 16 months.
Rents are up 14.1% over the same time last year — they’ve hit record levels every month for the past 16 months.
Confidence of US home builders plunges in July as rising costs slow sales
U.S. homebuilder confidence for single-family homes posted its seventh straight monthly decline in July, another sign of a weakening housing market.
U.S. homebuilder confidence for single-family homes posted its seventh straight monthly decline in July, another sign of a weakening housing market.
Home and Garden Show set to take place at State Farm Stadium in Glendale
For those who have been putting off that home improvement project, the Home and Garden Show that is set to take place will offer them a chance to kick the project back into high gear. FOX 10's Ty Brennan reports.
For those who have been putting off that home improvement project, the Home and Garden Show that is set to take place will offer them a chance to kick the project back into high gear. FOX 10's Ty Brennan reports.
Evictions in Arizona’s largest county at pre-pandemic levels
Evictions in the greater Phoenix area have returned to pre-pandemic levels. However, applications for rental assistance are still being accepted.
Evictions in the greater Phoenix area have returned to pre-pandemic levels. However, applications for rental assistance are still being accepted.
Phoenix real estate agent says housing market looks to be balancing out
Phoenix is consistently ranking in several reports as one of the hottest housing markets, and it has been for months, but experts say we're starting to see some leveling out of the market.
Phoenix is consistently ranking in several reports as one of the hottest housing markets, and it has been for months, but experts say we're starting to see some leveling out of the market.
Shelter workers offer tips on how to help the homeless in the summer months
It's a brutal time of year for people dealing with homelessness in the Valley. Shelter workers say when you see people looking for help, a small bag packed with essential supplies can really help. FOX 10's Irene Snyder has more.
It's a brutal time of year for people dealing with homelessness in the Valley. Shelter workers say when you see people looking for help, a small bag packed with essential supplies can really help. FOX 10's Irene Snyder has more.
Arizona House approves ban on city home, apartment rental taxes
The Arizona House has approved a ban on cities and towns levying taxes on rent for apartments and homes.
The Arizona House has approved a ban on cities and towns levying taxes on rent for apartments and homes.
How rising interest rates make borrowing more expensive, benefit savers
The Federal Reserve is signaling that it will raise interest rates above 3% by the end of the year as it struggles to control inflation without plunging the economy into a recession.
The Federal Reserve is signaling that it will raise interest rates above 3% by the end of the year as it struggles to control inflation without plunging the economy into a recession.
Average US mortgage rates hit 5.78%, highest level since 2008
Average long-term U.S. mortgage rates had their biggest one-week jump in 35 years with the Federal Reserve raising its key rate in a bid to tame inflation.
Average long-term U.S. mortgage rates had their biggest one-week jump in 35 years with the Federal Reserve raising its key rate in a bid to tame inflation.
Phoenix-area leaders address homeless crisis, plans to tackle issue
Neighborhood leaders from across the Valley spoke in support of bills like SB 1581, which is designed to address the crisis.
Neighborhood leaders from across the Valley spoke in support of bills like SB 1581, which is designed to address the crisis.
Nebraska's capital city council rescinds LGBTQ fairness ordinance
The Lincoln, Nebraska city council voted to rescind its LGBTQ fairness ordinance, an anti-discrimination measure that extended protections to sexual orientation and gender identity, just four months after they had unanimously approved it.
The Lincoln, Nebraska city council voted to rescind its LGBTQ fairness ordinance, an anti-discrimination measure that extended protections to sexual orientation and gender identity, just four months after they had unanimously approved it.
Bob Saget’s LA home lists for nearly $8 million
Saget resided in the Los Angeles home for nearly 20 years.
Saget resided in the Los Angeles home for nearly 20 years.
Canceled for convenience: North Texas family loses home after builder backs out without warning
A North Texas family says they have a warning for anyone who's buying a home from a builder. Just days before closing on their forever home, their builder backed out. Turns out the builder's contract they were required to sign left them with virtually no protection.
A North Texas family says they have a warning for anyone who's buying a home from a builder. Just days before closing on their forever home, their builder backed out. Turns out the builder's contract they were required to sign left them with virtually no protection.
Phoenix area real estate development firm focuses on building tiny homes
Tiny homes are more popular than ever, especially with the current state of the housing market, and more people working from home. FOX 10's Stephanie Olmo takes a look at a new Phoenix area company that specializes in building small homes, right on your existing property.
Tiny homes are more popular than ever, especially with the current state of the housing market, and more people working from home. FOX 10's Stephanie Olmo takes a look at a new Phoenix area company that specializes in building small homes, right on your existing property.
Home sellers in hot markets are dropping prices as demand wanes
The rise in mortgage rates is pricing out buyers.
The rise in mortgage rates is pricing out buyers.