Life in Tempe, Arizona is fantastic. From unmatched employment opportunities to higher education and cultural opportunities, the city’s bounty perks appeals to a broad demographic of residents. Here are a few things to ponder. If you are thinking about relocating to Tempe, AZ. [Read more…]
One of the biggest life decisions that anyone can make is to purchase a home. Some homebuyers may wonder if their decision to purchase a home is the right decision for them since the average person changes their mind regarding their decision every five to seven years. While taking this information into consideration, many people do wonder if purchasing a home is the best option for them. The best way to know whether buying or renting is the better action; the individual must look at their situation in order to make the right decision. [Read more…]
Demand for rental housing is expected grow by nearly 6.6 million units through 2016, with about 4.2 million new renters attributing to the total. Many factors will play into the growth for rental properties, and with rising housing prices and mortgage rates projected to increase next year, now may be the time to invest.
The Mayor of Avondale, Marie Lopez Rogers, while discussing the 2013 Housing Alliance report on the recovery of the Arizona housing market, stated, “As mayor of a rapidly growing community, housing is one of the top priorities for my city…Families and communities prosper when the housing market is healthy and robust. Cities are competitive when they can offer a wide range of housing products.” This encouragement for a larger and more affordable supply of rental properties in the Maricopa County area can only happen through sound investment by property investors. [Read more…]
The Arizona housing market has slowly been recovering. As housing prices rise, so does the inventory of available listings. Active listings grew 6.4% during March and April of this year, with an additional 4.2% in the months of April and May. In comparison with the minute growth of inventory and listings during 2012, current trends show a positive growth by the end of 2013.
Increased housing prices are giving homeowners new equity to sell, which is creating new inventory. Homeowners who already had equity are being pushed into the market as well, due to new listings being sold in record time. The biggest change observed in the past two months has been sellers setting higher asking prices, instead of homeowners accepting only enough to pay off their mortgage. [Read more…]