Scottsdale Housing Voucher Use Concentrated in 85251

By Catherine Reagor, Amy Qin, Jessica Boehm | Arizona Republic Housing choice vouchers are supposed to give low-income tenants real choices about where to live and a chance to move to a better neighborhood. But few tenants with vouchers in metro Phoenix get that opportunity. Most of the housing that voucher holders find is concentrated …

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Metro Phoenix Median Home Price Poised to Fall by $25K for July 2022

By Catherine Reagor | Arizona Republic Metro Phoenix’s overly hot housing market cooled quickly in June, and prices are expected to drop in July. Rising interest rates, stock market swings, a jump in supply of houses for sale and slower sales all hit the market this summer. As a result, the Phoenix-area median home price …

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2 Million More Workers Than Expected Have Retired

Based on pre-pandemic trends, more than 47 million workers age 55 or older were projected to be retired* as of this July. More than 49 million are actually retired. Notes: *For each month after February 2020, the projected retired population is calculated using a corresponding projected retirement rate among people who are 55 or older. These …

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Most Arizona Newbies Come From California with Higher Incomes

By Andy Blye | Phoenix Business Journal Most everyone under the Arizona sun knows that the state is growing in population, but the majority of the newcomers into the Grand Canyon State have more money to spend — and it is having a major impact on home prices. Arizona’s population grew by about 98,000 people …

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If Maricopa County was a State, Where Would It Rank in Net Population Increase?

By Fletcher Wilcox | Grand Canyon Title Agency On May 4, the U.S. Census Bureau released its 2020 county population estimates. According to the data, Maricopa County had the largest population increase out of all counties in the United States — increasing by 86,820 for an average of 238 people per day. This was the …

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Short Supply of Homes Can Result in Risky Contract Concessions

If you missed our March 17 virtual Happy Hour (VHH), you missed news from Scottsdale Director of Transportation Mark Melnychenko and this Market Update from Fletcher Wilcox. Our next VHH is April 14, 2021; more info here and registration here. An extremely low supply of residential homes for sale, combined with an enormous oversupply of …

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How Top Real Estate Producers Plan to ‘Shake It Up’ in 2021

At the Scottsdale REALTORS® Virtual Happy Hour on January 20, members were treated to a record-setting market update from Fletcher Wilcox and strategies from two top producers. “Wow, has it been hot in Scottsdale!” said Wilcox. “Median Purchase Price: Maricopa County was up 14 percent year-over-year. Scottsdale was up 17 percent, outperformed the Valley.” SAAR …

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