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Discover the Oasis of Phoenix - Thriving Residential Real Estate Market

Discover the Oasis of Phoenix: A Thriving Residential RealEstate Market

Nestled in the heart of the Sonoran Desert, Phoenix, Arizona, has emerged as a vibrant metropolis known for its captivating blend of natural beauty, cultural diversity, and booming economy. As the scorching sun sets over the horizon, a story unfolds in the residential real estate market of Phoenix. And when it comes to navigating this …

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Phoenix Homes

Phoenix Homes on Track to Break Record This Week as Housing Market Booms

Prices in the area are still cheap compared with many other big cities in the West, as the regional economy becomes more diversified PHOENIX—Once a poster child for the foreclosure crisis, Phoenix’s housing market is booming again, boosted by robust population growth and relative affordability. Phoenix was a hot market before the pandemic, and it …

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Housing Market

HOUSING MARKET SLOWLY STABILIZING NATIONWIDE, INVENTORY REMAINS EXTREMELY LOW IN COACHELLA VALLEY

The housing market has been red hot in the Coachella Valley during the pandemic. Recent buyers like Aaron Arroyo say they feel fortunate to have secured one of the few homes available in an extremely competitive market. “It took about four or five offers on various houses. In a lot of instances, it was people …

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Commercial Real Estate

Commercial Real Estate Operating Conditions Improve Despite Challenges

Although business conditions have improved for commercial real estate, according to the most recent COVID-19 impact survey conducted by NAIOP, 86.6% of developers now report delays or shortages in construction supplies — an all-time high since the survey began in April 2020. This suggests that supply chain disruptions may outlast other effects of the pandemic, …

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Real Estate Markets

Opportunity Index ranks Phoenix 4th among real estate markets

According to The Newmark Opportunity Index: Identifying Commercial Real Estate Opportunities and Challenges in Major U.S. Markets, a new white paper released recently by Newmark, Phoenix is one of the five hottest national real estate markets. The index assesses and ranks various geographic markets through property-specific metrics, providing insights on how to gauge potential opportunities and …

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