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Flag home prices rise in March as home listings drop

Posted by   /  April 13, 2020  /  Real Estate  /  No Comments

The median sales price of a Flagstaff-area single-family home in January 2017 was about $359,000 similar to 2018. / File photo / Arizona Daily Sun By Taylor Mahoney | Arizona Daily Star Flagstaff’s housing market has consistently seen high prices for single-family homes over the years, and the coronavirus didn’t stop the median price of […]

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Most likely – and unlikely – features in a new single-family home

Posted by   /  April 8, 2020  /  Real Estate  /  No Comments

National Association of Home Builders Home builders make a lot of decisions about how to run their businesses every day.  Among their most critical determinations is what features to include in the homes they build. Experience, region, trends, target audience and many other factors play a role in a decision that directly affects their bottom […]

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The Great Wall Street Housing Grab

Posted by   /  March 6, 2020  /  Real Estate  /  No Comments

By Francesca Mari | The New York Times Magazine Hundreds of thousands of single-family homes are now in the hands of giant companies — squeezing renters for revenue and putting the American dream even further out of reach. Chad Ellingwood wasn’t really in the market for a home in the summer of 2006. But when […]

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Meet the Valley homebuilders betting on the single-family rental market

Posted by   /  February 28, 2020  /  Real Estate  /  No Comments

By Angela Gonzales | Phoenix Business Journal It’s no secret builders can’t construct homes and apartment units fast enough to keep pace with demand in metro Phoenix. Now more homebuilders are flocking to a hybrid model — single-family rental products — in an attempt to quench the demand for new residences. The Valley currently has […]

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New home sales edge down 1.7% in July

Posted by   /  August 24, 2018  /  Real Estate  /  No Comments

NAHBNow Sales of newly built, single-family homes inched down 1.7% in July to a seasonally adjusted annual rate of 627,000 units after an upwardly revised June report, according to newly released data by HUD and the U.S. Census Bureau. On a year-to-date basis, sales are up 7.2% from this time last year. “A lack of […]

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Single-family built-for-rent construction

Posted by   /  May 23, 2018  /  Real Estate  /  No Comments

By Robert Dietz | NAHB The number of single-family homes built-for-rent increased over the last four quarters. During this timer period, construction starts of this type of housing totaled 37,000 homes, compared to 33,000 for the prior four quarters. There were 7,000 single-family built-for-rent starts for the first quarter of 2018. According to data from the […]

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Builder confidence climbs to 70 in May

Posted by   /  May 16, 2018  /  Real Estate  /  No Comments

NAHB Now Builder confidence in the market for newly built single-family homes rose two points to 70 in May after a downwardly revised April reading on the NAHB/Wells Fargo Housing Market Index (HMI). This is the fourth time the HMI has reached 70 or higher this year. “The solid May report shows that builders are […]

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Apache Junction City Council approves Bella Corona housing project

Posted by   /  February 28, 2018  /  Real Estate  /  No Comments

By Richard H Dyer | Apache Junction/Gold Canyon Independent The layout for an 83-lot Bella Corona subdivision of single-family homes has been approved for 10.61 acres near South Ironwood Drive and West 20th Avenue in Apache Junction. “Tractors are on-site now,” Hudd Hassell of Bela Flora Communities, representing Bella Corona subdivision, said at the Feb. 6 Apache […]

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Existing-home sales gains strongest in decade

Posted by   /  December 21, 2017  /  Real Estate  /  No Comments

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RealtorMag For the third consecutive month, existing-home sales were on the rise, with all major regions of the country except the West posting a “significant hike in sales activity” last month, the National Association of REALTORS® reported Wednesday. Total existing-home sales—which includes completed transactions for single-family homes, townhomes, condos, and co-ops—increased 5.6 percent in November […]

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Single-family rentals cause crunch in entry-level market

Posted by   /  December 14, 2017  /  Real Estate  /  No Comments

Zillow analysis finds about 270,000 fewer homes are sold each year compared to 2006, owing to the rentals. Builder The number of single-family homes that are rented grew by 5 million between 2006 and early 2017, according to a new analysis out Wednesday from Zillow. This boom in rentals, which are mostly concentrated in the […]

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