Oct 10, 2023 | 2022 Research, Featured Home, Featured Research, Housing & Our Community, Research
Conditions for Arizona’s home buyers are – arguably – more difficult today than they’ve ever been. Interest rates on a new 30-year mortgage loan are over 7%, which is higher than they’ve been since 2001.
Jun 23, 2023 | Featured Research, Housing & Our Community, Recent Research, Research
Price declines during this cycle have been slower and smaller than we might have expected.
Apr 25, 2023 | Featured Research, Housing & Our Community, Recent Research, Research
SB 1161, SB 1163, and HB 2536 would make various changes to Arizona’s home permitting and zoning regulatory environment, enabling developers and builders to increase the pace of home construction relative to current law.
Feb 21, 2023 | 2023 Research, Featured Research, Housing & Our Community
Ongoing rising interest rate pressures, a collapse in buyer interest, and lags in the construction and permit approval cycle will likely put continued downward pressure on prices over the next year.
Dec 7, 2022 | Featured Research, Housing & Our Community, Recent Research, Uncategorized
Simply put, Arizona has a housing crisis and needs more housing. Resolving it will require more than just tinkering around the edges of public policy. Thoughtful, bold, and swift action is required.
Oct 31, 2022 | 2022 Research, Housing & Our Community, Recent Research, Research
The U.S. and Arizona housing markets are in the midst of a sharp correction – the first since the Great Recession. Prices peaked in June and have fallen over 3% through September. Ongoing rising interest rate pressures, a collapse in buyer interest, and lags in the construction and permit approval cycle will likely put continued downward pressure on prices over the next 6-12 months.
