Arizona's housing market cooling down
The Arizona housing market it showing signs of cooling down after a long period of skyrocketing real estate.
Source: azpbs.org
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As housing prices cool, homebuyers face competition from investors
The Show's Out of Reach series is tackling the current housing crisis in our community.
Source: kjzz.org
What the interest rate hike means for homebuyers
Phillip Spears/Getty Images(NEW YORK) -- A difficult year for many homebuyers became even tougher when the Federal Reserve dramatically raised borrowing costs this week in an effort to tame sky-high inflation, experts told ABC News. For months, homebuyers have faced the dual challenges of skyrocketing mortgage rates and continued growth in home prices. Since mid-March, when the Federal Reserve instituted its first rate hike of the year, the average 30-year, fixed-rate mortgage has jumped from 4.45% to 6.11%, according to Mortgage News Daily. Meanwhile, the median price for existing single-fami...
Source: mycentraloregon.com
Is Arizona's housing market in a bubble?
It’s no secret that the Valley is in the middle of a competitive real estate market. But, a real estate expert says there’s a little bit of a shift happening.
Source: 12news.com
We Asked 32 Experts If We're in a Major Housing Bubble. Most Said No.
Twenty-six of 32 experts canvassed by Insider's reporters said the housing market would not crash as it did in 2008. They outlined several reasons.
Source: businessinsider.com