Following the successful launch of the education issues important to voters earlier this week, Center for the Future of Arizona (CFA) today released its economic and inflation findings as part of their ongoing reveal of the Arizona Voters' Agenda, which identifies what likely voters in the general election want to hear about from candidates as they campaign for their … [More]
Investors Bought a Record Share of Homes in the First Quarter, Despite 17% Decline in Purchases from Pandemic Peak
The number of homes purchased by real estate investors in the first quarter declined 11.5% from the fourth quarter of 2021 and 16.5% from the third quarter of 2021, when investor purchases hit a record high, according to a new report from Redfin, the technology-powered real estate brokerage. Still, investor purchases remained above pre-pandemic levels, and investors bought up a … [More]
US Homeowners Gained Over $60K in Equity per Borrower in Q1 2022, Historic Home Price Growth Continues
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the Homeowner Equity Report (HER) for the first quarter of 2022. The report shows U.S. homeowners with mortgages (which account for roughly 62% of all properties) have seen their equity increase by 32.2% year over year, representing a collective equity gain of $3.8 … [More]
Arizona Voters’ Agenda Reveals What Majority Cares About, Asks Big Questions of Candidates
With early voting in the Primary Elections in the State of Arizona four weeks away, Center for the Future of Arizona (CFA) announced today the creation of the Arizona Voters' Agenda, a data-driven look at what a majority of likely Arizona voters cares most about and want candidates to address in the midterm election. The Arizona Voters' Agenda is built on where a majority of … [More]
North Scottsdale Mega-Mansion Sells for $28.1M, Setting Record for Most Expensive Home Sold in Arizona
The record for the most expensive home sold in Arizona didn’t stand for long. Fidelity National Title Agency is pleased to announce it helped close on a $28.1 million mansion at 21264 N. 113th Place in Scottsdale. Built by Scottsdale-based Mast Luxury Homes on 4.6 acres, the 21,150 SF residence boasts eight bedrooms, two elevators, 12 full baths and six half baths. … [More]
Inventory Stages a Comeback While Home Prices Soar to All-Time High
New data suggests the U.S. housing market hit a turning point in its supply struggle in May, as active inventory recorded the first year-over-year increase since June 2019, according to the Realtor.com® Monthly Housing Trends Report released today. At the same time, the median national home price soared to an all-time high of $447,000 and buyers snatched up listings a week … [More]
Eye on Arizona’s Economy
From inflation and Arizona’s local real estate market to the national energy scene and other global geopolitical issues, every day seems to bring new economic news to the forefront, but with little real-world context into how these developments will affect growth at the grassroots level. Putting Issues into Context At Alliance Bank of Arizona’s most recent Economic Forum, … [More]
Phoenix Metro Sees 3.8% Employment Growth Since Last Year
At the national level, many key employment indicators in the U.S. look similar to before the COVID-19 pandemic, and robust employment growth plays a part in that. But the impact the coronavirus had on employment can’t be overstated. Data from the U.S. Bureau of Labor Statistics shows that job losses in the spring of 2020 were comparable to those of the Great Depression. The … [More]
Pricey Suburbs Top Zillow’s List of Most Popular Markets This Year, Gilbert Is Tops in Greater Phoenix
Woodinville, Washington, is Zillow's® most popular market of early 2022, leading a list of fast-growing suburbs as the most in-demand places to start off the year. As more evidence emerges that remote work is a driving force behind fast home value growth in the suburbs, expensive suburban markets are seeing strong demand. Gilbert, Arizona is the top suburb by price for the … [More]
