A new study says an overwhelming majority of millennials want to be homeowners, but student loans are holding them back

by Builder Trade In Program Dec, 10

For many millennials, the idea of homeownership is still a big picture dream, with a new study saying 89 percent plan to purchase a home in the future — but simply can’t because of student debt.

According to a recent study released by Apartment List, 6,400 millennial renters nationwide were surveyed in regards to their plan for owning a home. Despite the majority of young people wanting to migrate away from renting, 48 percent have nothing saved for a down payment.

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Welcome to your Weekend!

by Builder Trade In Program Dec, 05

Phoenix Festival of the Arts

Phoenix Festival of the Arts returns to Hance Park in Downtown Phoenix, December 7-9, 2018. Phoenix Center for the Arts is proud to present the seventh annual event, featuring more than 150 art and food vendors.

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Interest rates climb and metro Phoenix home prices dip

by Builder Trade In Program Dec, 04

Interest rates are up, and home prices are down a bit in metro Phoenix.

The combination hasn’t made it easier for buyers or sellers. But housing analysts aren’t alarmed or predicting any big drops in home prices in the Valley.

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Home Prices Up 6.34% Across the Country!

by Builder Trade In Program Dec, 03

The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report.

In the report, home prices are compared both regionally and by state.  Looking at the breakdown by state, you can see that each state is appreciating at different rates.

Based on the latest numbers, if you plan on relocating, waiting to move may end up costing you more!

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New Home Friday 11-30-2018

by Builder Trade In Program Nov, 30

Welcome to your Weekend!

by Builder Trade In Program Nov, 28

Tempe Fall Festival of the Arts

 

The Tempe Festival of the Arts is a well-loved community event that showcases art, live entertainment, food and beverage. More than 300 artist booths will fill the streets of Downtown Tempe over a course of a 3-day weekend.

 

Mill Avenue District

Mill Ave. and University Dr. Tempe, AZ

November 30, 2018 to December 2, 2018

 

ZooLights...

Existing Home Sales Slowed by a Lack of Listings

by Builder Trade In Program Nov, 28

Existing home sales are currently at an annual pace of 5.22 million, which is up 1.4% over last month. This reverses the six-month trend of dips in sales every month.

The inventory of existing homes is still below the 6-month supply needed for a normal market and is now at a 4.3-month supply.

NAR’s Chief Economist, Lawrence Yun, had this to say: “After six consecutive months of decline, buyers are finally stepping back into the housing market. As more inventory enters the market and we head into the winter season, home price growth has begun to slow more meaningfully. This allows for much more manageable, less frenzied buying conditions.”

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Metrostudy forecasts a mixed bag of good, bad news

by Builder Trade In Program Nov, 26

Metrostudy chief economist Mark Boud and his team recently released their analysis and forecasts for the fourth quarter of 2018. The number-crunching indicates smooth sailing for the not-so-distant future with turbulence expected by 2020.

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Welcome to your Weekend!

by Builder Trade In Program Nov, 21

Thanksgiving in Phoenix

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Wage Increases Make Home Buying More Affordable

by Builder Trade In Program Nov, 21

Everyone knows that housing affordability has been negatively impacted by rising prices and increasing mortgage rates, but there is another piece to the affordability equation – wages.

How much a family earns obviously impacts how easy or difficult it is for them to afford to own a home. Because of an improving economy, wages are finally beginning to increase – and that dramatically affects home affordability.

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