Nonprofit Trellis is developing 43 new homes in Sunnyslope to help low-income families buy a home, a key way to build stability for a family and savings through equity. Residents of the community at Sixth Avenue and Mission Lane can accumu- late value by paying rent through an eq- uity/rental credit arrangement, so they can … Read more
AZRE The COVID-19 pandemic may have thrown a wrench into many industries, but the Arizona real estate industry does not seem to be one of them. Many Arizona real estate companies experienced banner years in 2020, and many are optimistic as we travel deeper into 2021. Here are six Arizona real estate projects to watch in … Read more
REAL ESTATE | RENT.COM Arizona also home to two popular universities, multiple national parks (ever heard of the Grand Canyon?) and thriving cities with plenty of opportunities. And did we mention the weather? That hot desert climate means plenty of sunshine and shorts all year-round. With so much to offer, the cheapest places to live in Arizona consist of … Read more
By Paul Maryniak, AFN Executive Editor The top analyst of housing market trends in the Phoenix Metro Market last week sounded the alarms for homebuyers in 2021 that can be boiled down to one word: desperate. The Cromford Report said that while January is normally the best month for new listings to come on line, … Read more
Above: This home, in which Robert Joffe of Launch Real Estate was the primary listing and buying agent, broke the record for the highest price for a home sold in Arcadia. It sold for $7,650,000.REAL ESTATE | 3 hours ago | ALYSSA TUFTS The local luxury home market is booming right now, part of which can be credited … Read more
REAL ESTATE | AZRE RENTCafe.com‘s year-end report is out, with a thorough insight on the rental market during 2020 — likely to become a reference year for a long time. Overall renter activity was hampered as the pandemic affected the start of the rental season, delaying it by two months and making it shorter. Each US city saw different renter movement, which in … Read more
REAL ESTATE | yesterday | AZ BUSINESS MAGAZINE Union Park at Norterra’s master developer, Sunbelt Holdings, and landowner, USAA Real Estate have begun construction on the second phase of single-family residential and will add a new rental home neighborhood within the 400-acre master planned community. The community’s Phase 2 expansion includes 224 single-family homes by Ashton Woods … Read more
Scottsdale homebuilder Meritage Homes has began the process of developing a master-planned community is near the NE corner of Broadway and 91st Avenue south of Tolleson. Notably, the community is only a few miles of the newly completed Loop 202 South Mountain Freeway. The high-profile Scottsdale homebuilder purchased 172 lots within the Estrella Planning Area. … Read more
According to RENTCafe, Phoenix Metro area is set to see a 37% drop in apartment construction compared to last year. The report estimates a 12% drop in new units since 2019 with nearly 300,000 built in 2020. The full study, which includes national data and charts, is available here: https://www.rentcafe.com/blog/rental-market/apartment-construction-2020/ Read more at AZ Big Media
In less than 15 months, Landsea Homes sold-out communities at Grand Village, Mountain Views, Destiny at Verrado and Trenton Park. “The rate at which we’ve sold nearly 400 homes in such a short time period is a statement that our homebuyers quickly capitalized on the location, desirability and value that these communities offered,” said Todd Condon, vice … Read more