Homeowners  Net Worth increases over Renters in 2016.  Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey data, covering 2013-2016 was released two weeks ago. The study revealed that the 2016 median net worth of homeowners was $231,400 – a 15% increase since […]

Continue reading

Home values have risen dramatically over the last twelve months and the lowest priced category of homes increased the most in value. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 5.6%. . CoreLogic, in their most recent Home Price Index Report, revealed that national home prices have increased […]

Continue reading

Millennial homebuyers face affordability challenges in today’s housing market. Inventory absorption and home prices are rising so fast that homebuyers — particularly millennials — are going over budget and turning to friends and relatives for down-payment help. Buyers are keeping their options open. Most first-timers and millennials simultaneously consider renting and buying. Buyers most value […]

Continue reading

Changes in the last decade have caused Phoenix’s hottest intersections to shift. A boom and bust, light rail and a move toward an urban lifestyle by more Valley residents have shifted our growth. Metro Phoenix’s Hottest Intersections to Live, Work and Play Camelback Road and Central Avenue, the heart of Phoenix’s uptown area, is back […]

Continue reading