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.
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.
May 3, 2022 | 2022 Research, Featured Research, Housing & Our Community, Recent Research, Research
Arizona – and particularly the Phoenix metro market – is now an expensive place to live. The current inflation crisis has accelerated a longer-run trend in the relatively rapid appreciation of cost of living here relative to other major metro areas.
