Thursday, February 2, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Real Estate

High prices lead to tough Phoenix metro housing market for buyers

MtR by MtR
June 30, 2021
in Real Estate
0


Due to high prices, an Ohio couple has trouble finding an affordable Valley home

An Ohio couple that moved to the Valley is having trouble finding an affordable home after more than six weeks of making offers. FOX 10’s Desiree Fluellen reports.

Related articles

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

Global anxiety over Chinese real estate crisis

August 10, 2022

PHOENIX – U.S. home prices are rising at the fastest pace we’ve seen since 2005. A new home price index shows prices jumped nearly 15% in April compared to previous years.

Prices are rising so dramatically that home sales are starting to slow down because would-be buyers can’t afford to pay these prices.

For the 23rd month in a row, the Phoenix metro area is the hottest housing market in the country, showing a year over year increase of 22.3%.

With those high prices, it’s a tough housing market for buyers these days. A couple from Ohio is struggling to make Phoenix their home.

Nick Gibson and his wife moved to Phoenix with the hopes of finding a home.

“First weekend in May, we packed up the car.. and drove her two dogs across the country. We got here knowing we wanted to buy a house. We have been renting in Columbus for about 10 years,” he said.

A look at Arizona’s bustling real estate market

FOX 10 photojournalist Joe Tillman spent the day with a local listing agent to get a look at the frenzy surrounding the Phoenix real estate market.

They expected to buy within four weeks, but it’s now been eight and their Airbnb stay ends soon.

“I don’t think we knew what we were getting into in terms of the competitive market,” he said.

They found a home to fix up, so they put an offer in, only to find out the inspection uncovered many repairs.

“That’s why it’s so important still to do inspections,” said the Gibson’s broker, Aaron Carter of the Carter Mosier Group at Home Smart.

Carter says keep these tips in mind while on your home search.

“Really stay true to your core goals, revisit those every couple of weeks and make sure you are not shifting or moving.”

Make a list of must haves and stick to it.

“A renovated kitchen, tall ceilings.. I’m a tall guy, so that’s definitely a factor in our home buying journey,” said Gibson.

“It’s really important to see homes. Go to every home you think meets the numbers,” said Carter.

And most importantly, try to have fun and remain hopeful.

More real estate news

Tune in to FOX 10 Phoenix for the latest news:

Sign up for FOX 10 email alerts, newsletters

Get breaking news alerts in the FOX 10 News app. It is FREE! Download for Apple iOS or Android.



Source link

Related Posts

Investment in overseas real estate surges : The DONG-A ILBO

by MtR
August 11, 2022
0

Ms. Kim in her 50s plans to go on a field survey to New York to see a studio condominium...

Global anxiety over Chinese real estate crisis

by MtR
August 10, 2022
0

The world’s second largest economy might have a real estate crisis looming. If that reverberates over to it’s globally-wired-in financial...

Health Care Real Estate Company Names New GC Ahead of Possible IPO

by MtR
August 10, 2022
0

Irvine, California-based real estate investment trust American Healthcare REIT has hired a new general counsel, less than a month after...

A day in the life of a Blackstone real estate associate

by MtR
August 10, 2022
0

Day in the life: Serena, Real Estate Management Associate at Blackstone, London Serena graduated from Cambridge University with a degree...

Boardwalk Real Estate: Q2 Earnings Snapshot

by MtR
August 10, 2022
0

CALGARY, Alberta (AP) _ Boardwalk Real Estate Investment Trust (BOWFF) on Tuesday reported a key measure of profitability in its...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Industrial Lubricants Market to Reach $71 Billion by 2027.

August 10, 2022

Recent News

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter