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The Phoenix office market ranks second in investment among Sun Belt metros, with minimal construction activity. Notable projects include Tempe Vale and Gilbert Spectrum's Building 3. Office sales volume decreased in early 2024 but remained strong compared to other markets. Phoenix's office vacancy rate matches the national average. Continue to full article

The US housing market has seen a shift with rising interest rates cooling buyer enthusiasm. Experts predict steadier home price appreciation, potential regional variations, and elevated mortgage rates impacting affordability. A gradual increase in housing inventory is expected, with regional variations influencing market trends. Continue to full article

Phoenix – Median income for couples: $86,328 – Starter home price: $316,234 – Years couples need to save: 3.7 Scottsdale – Median income for couples: $125,017 – Starter home price: $453,009 – Years couples need to save: 3.6

Real estate frenzy persists in Arizona, with limited supply driving up prices.Despite slowing growth due to mortgage rates, some areas see significant price jumps.New River sees a 4.9% increase, with typical home values at $722,347.

Phoenix's office market is adjusting post-pandemic, with a 25.6% vacancy rate and stable rent. Despite high negative absorption, the city's growth and amenities attract new leases. Companies are drawn to the area's workforce and seek modern, flexible spaces. Construction levels are low but may increase due to favorable financing. Phoenix's long-term office market outlook remains…

Median home price: $352,536, reflecting an 8.7% increase. Down payment options vary from traditional 20% to lower percentages.

Most homes in Arizona come with an HOA. The State has $448 monthly HOA fees.

The single-family home inventory in Metro Phoenix increased by nearly 8% compared to last year, with more families closing on new homes. The number of days homes stayed on the market decreased, while the median sales price rose by 8%. The percentage of list price received remained steady, indicating a potentially positive market trend for…

A study shows that middle-class workers in Phoenix, including teachers, struggle to afford housing due to high prices. Factors like labor costs and zoning restrictions contribute to the shortage of affordable housing. Public opposition to new developments, including affordable housing, further complicates the issue. Efforts are being made to increase affordable housing options, but challenges…

A proposed bill in Arizona aims to overhaul local zoning rules to address affordable housing issues. The bill seeks to permit denser development in areas traditionally zoned for single-family homes.