Luxury home market booms; low supply, buyers flush with cash are factors

Experts say buyers flush with cash have flooded the luxury home market in the Phoenix area. That, along with a shortage of homes, is causing housing prices to skyrocket.

A look at Arizona's bustling real estate market
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FOX 10 photojournalist Joe Tillman spent the day with a local listing agent to get a look at the frenzy surrounding the Phoenix real estate market.

‘Historically’ high lumber prices adding more than $35K on average to new home price tag

While many businesses have slowed during the COVID-19 pandemic, the home-building industry has seen a boom — but it could be at risk due to a lumber shortage that has triggered skyrocketing prices for the material.

All Los Angeles Skid Row homeless must be offered housing by October, federal judge orders

Fed up by what he considers government inaction, bureaucratic paralysis and a lack of accountability, a federal judge on Tuesday suddenly ordered the city and county of Los Angeles to offer housing to the entire homeless population of downtown's Skid Row area by October.  

Sanders, Ocasio-Cortez unveil Green New Deal proposal to modernize US public housing

Sen. Bernie Sanders, I-Vt., and Rep. Alexandria Ocasio-Cortez, D-N.Y., announced the legislation Monday, seeking to increase the public housing commitment in Biden’s $2.3 trillion infrastructure and jobs plan.

President Biden's budget wish list includes more for schools, health care and housing

President Joe Biden is releasing his wish list for the federal budget, which includes an 8.4% increase in discretionary spending with substantial gains for education, health care, housing and environmental protection.

Riverside family finally moves into dream home after 15-month standoff with squatter

After 15 long months of soaring legal bills, Tracie Albert finally walked through the front door of her new home in Riverside. But not before the suspected squatter was seen lunging at Tracie with a tire iron.

Arizona eviction moratorium extended through June although landlords struggle financially

The rebound from the COVID-19 pandemic has been slow for many trying to keep a roof over their heads in Arizona. But now, the halt on evictions has been extended through June.

Buckeye, Phoenix are some of US's fastest-growing cities

The cities of Phoenix and Buckeye are anticipating the population to continue growing at a fast pace, and it's making them take a look at housing and traffic patterns throughout Arizona.

Take a tour of downtown Phoenix's new mixed-use high-rise

Kenect is a brand new mixed-use high-rise in downtown Phoenix where you can live, work or even get a social membership once it opens in April.

Less homeless people had shelter in Maricopa County in 2020 than any other year

Those who are homeless in Maricopa County will be receiving additional help from organizations now that they've been infused with millions of dollars to provide additional resources.

Phoenix families say they all rented the same condo in Facebook scam

Several Valley families were scammed out of a condo after paying a deposit, only to learn they all rented the same condo, says Phoenix Police.

Phoenix-area housing market booming as many pay far over selling price

Phoenix-area real estate experts say many prospective home buyers are paying well over asking prices because they desperately want to get into a home as the housing market booms.

139-year-old San Francisco home rolls to new address

A 139-year-old Victorian house in San Francisco was loaded onto giant dollies and moved Sunday to a new location six blocks away.

Los Angeles drops in 'best cities' ranking due to high housing costs, low job growth

Based on high housing costs and a decline in job growth, California cities like Los Angeles, San Francisco and San Jose have proven less resilient during the pandemic, according to a ranking of economic vitality by the Santa Monica-based Milken Institute released Wednesday.

Biden extends mortgage relief, ban on home foreclosures through June 2021

Certain mortgage protections that were put in place amid the pandemic, and were set to expire next month, have been extended through June.