Homebuyers Maximize Buying Power in Fringe Areas of Valley

By Brent Ruffner | Daily Independent How far away from the metro area are homebuyers willing to go to get a deal on a house? One Valley expert says homebuyers might have to look at fringe areas or create a larger household to afford elevated home prices these days. Buckeye, Casa Grande and San Tan …

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New Ruling Could Thwart HOA Rules on Short-Term Rentals

By Brent Ruffner | Daily Independent A new Arizona Supreme Court opinion could limit homeowners association restrictions on such things as short-term rentals in different areas, according to some local legal experts. The opinion, filed March 22, was issued by Superior Court Judge Janet C. Bostick of Pima County, who wrote that the tools used …

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Report: Short-Term Rentals a Boon to Arizona’s Economy

By Brent Ruffner | Daily Independent A new report shows short-term rentals are a boon to the Arizona economy despite some who say short vacation stays can lead to trouble with parties that get out of hand. The report, from Tempe-based Rounds Consulting Group, stated the short-term rental industry supported about 75,500 jobs in 2021 …

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Rental Occupancy Hits 40 Year High in Metro Phoenix

By Brent Ruffner | Phoenix Independent The Phoenix metro is at its highest occupancy percentage in more than 40 years, despite increasing rents around the region, according to a local housing research expert. Thomas Brophy, national research director at Colliers in Phoenix, said the current occupancy rate is 97.1% — the highest since that number …

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Semiconductor Company Will Trigger Growth in the North

By Brent Ruffner | Daily Independent Experts say the announcement of a Taiwanese semiconductor manufacturing company coming to the Valley will trigger new growth in north Phoenix, spurring the region to become a new epicenter for high-wage jobs. Taiwan Semiconductor Manufacturing Co. announced plans last year it would build a new facility in north Phoenix, …

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REALTOR® Warning About Texted Offers to Buy Homes

By Brent Ruffner | Daily Independent Owning a home in the Valley often means getting a pesky, annoying text message from an unknown someone wanting to buy it. A top official from the Arizona Association of Realtors® has, too. “I receive them myself,” said Arizona Realtors® President-Elect Gary Nelson. While the practice may skirt a …

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