Archive for Housing Market Intelligence

ARMLS Rent Check™ – December, 2018

Saturday, January 19th, 2019 azrealtycom No Comments »

For the month of December 2018, all RENT Check indicators continued weakening. Median Lease: $1,450 – Increased from $1,428 the previous month. Average Lease: $1,611 – Increased slightly from $1,601 of the previous month. Avg. Days on Market: 31 – Increased again from 29 days of the previous month. Closed Rental: 1,738 – Decreased from […]

Social Share Toolbar

ARMLS Rent Check™ – November, 2018

Saturday, January 19th, 2019 azrealtycom No Comments »

For the month of November 2018, all RENT Check indicators continued weakening. Median Lease: $1,428 – Increased from $1,400 the previous month. Average Lease: $1,601 – Decreased slightly from $1,619 of the previous month. Avg. Days on Market: 29 – Increased again from 28 days of the previous month. Closed Rental: 1,992 – Increased from […]

Social Share Toolbar

ARMLS Rent Check™ – October, 2018

Saturday, January 19th, 2019 azrealtycom No Comments »

For the month of October 2018, all RENT Check indicators continued weakening. Median Lease: $1,400 – Decreased from $1,450 the previous month. Average Lease: $1,619 – Decreased slightly from $1,635 of the previous month. Avg. Days on Market: 28 – Increased again from 27 days of the previous month. Closed Rental: 1,915 – Decreased from […]

Social Share Toolbar

ARMLS Rent Check™ – September, 2018

Saturday, January 19th, 2019 azrealtycom No Comments »

For the month of September 2018, all RENT Check indicators started going south. Median Lease: $1,450 – Decreased from $1,495 the previous month. Average Lease: $1,636 – Decreased slightly from $1,670 of the previous month. Avg. Days on Market: 27 – Increased again from 26 days of the previous month. Closed Rental: 1,991 – Decreased […]

Social Share Toolbar

Mortgage Interest Rates – Jan 10, 2019

Thursday, January 10th, 2019 azrealtycom No Comments »

CONVENTIONAL 30 Yr 4.50 to 4.875 APR 5.376 15 Yr 4.00 to 4.25 APR 4.64 JUMBO & ARMS 5 Yr Please Call 7 Yr Please Call FHA/VA/USDA 30 Yr 4.25 APR 5.375 15 Yr 4.00 APR 5.1

Social Share Toolbar

Mortgage Rates May Go Soft

Friday, January 4th, 2019 azrealtycom No Comments »

December’s private payroll saw its biggest monthly increase in nearly 2 years, suggesting sustained strength in the labor market despite ongoing financial market volatility. Weak performance and volatility in stocks have driven investors to the safety of bonds. As yields fall, mortgage rates are likely to drop along with them. A dip in consumer confidence […]

Social Share Toolbar

South Mountain Freeway Update – Dec 28, 2018

Thursday, December 27th, 2018 azrealtycom No Comments »

2018 has been an important year with the Loop 202 South Mountain Freeway in its second full year of construction. With the freeway nearly two-thirds completed, signs of progress abound in the 22-mile corridor. Asphalt pavement is being installed, concrete medians and artistic sound walls are being built and overhead message boards are above the […]

Social Share Toolbar

Arizona’s Growing Population May Gain its 10th Congressional Seat

Thursday, December 27th, 2018 azrealtycom No Comments »

While Arizona continues population growth, it is likely Arizona representation on Capitol Hill will add one more seat in a couple years. A study shows Arizona could get a 10th congressional seat as a result of population shifts in the U.S. With the House of Representatives limited to 435 total seats, Arizona’s gain will mean […]

Social Share Toolbar

Mortgage Rate – 12/19/2018

Wednesday, December 19th, 2018 azrealtycom No Comments »

CONVENTIONAL 30 Yr 4.625 to 4.875 APR 5.12 15 Yr 4.125 to 4.625 APR 4.89 JUMBO & ARMS 5 Yr Call Me On Rate 7 Yr Call Me On Rate FHA/VA/USDA 30 Yr 4.375 APR 5.54 15 Yr 4 APR 5.126

Social Share Toolbar

The Metro Apartment Market Update – Dec, 2018

Tuesday, December 11th, 2018 azrealtycom No Comments »

Recent transactions on apartment complexes are — $58 million for the 310-unit Chandler Court in Chandler – $187,199 a unit $32 million for the 186-unit River Ranch in Chandler – $172,050 a unit $59 million for the 341-unit Vista Montana in Gilbert – $173,020 a unit $90 million for the 349-unit Crescent Communities in Phoenix […]

Social Share Toolbar