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 …
By Catherine Reagor & Amy Qin | Arizona Republic Arizona’s housing shortage and rapidly rising rents are hurting people with the lowest incomes the most, forcing a growing number of struggling tenants out of their homes. In metro Phoenix, which is among the top 10 metro areas facing the most severe affordable housing shortages, only …
By Catherine Reagor & Megan Taros | Arizona Republic Housing discrimination, including disastrous government-supported redlining is hurting south Phoenix neighborhoods more than 50 years after it was struck down as illegal and predatory. Neighborhoods across south Phoenix still have low homeownership rates among Black and Latino people after areas south and east of downtown were …
By Catherine Reagor | Arizona Republic Housing discrimination exists across Arizona despite laws and policies to try to reverse the predatory practices. Researchers at Arizona State University investigated how actions and regulations have shaped the housing market, limits on homeownership and potential solutions to the problems created by discrimination against some buyers. “A Brief History …
By Catherine Reagor | Arizona Republic Metro Phoenix’s median home price hit a record $450,000 in February — and likely soared to $455,000 in March. Many homebuyers, particularly first-timers, can’t get a break from the Valley’s rising home prices. Buyers who plan to rent out the homes or just live in them part time are …
By Catherine Reagor | Arizona Republic Kathleen Black is facing a 50% rent increase on the older three-bedroom central Scottsdale apartment she shares with her four kids and father. “My apartment’s management is upping my rent by $800 a month,” said Black, who moved from Goodyear to Scottsdale in 2020 after a divorce so her …
By Catherine Reagor | Arizona Republic Metro Phoenix renters, brace yourselves for more tough times. The Valley’s apartment market is drawing big investors paying record prices for complexes, and that is a sure sign rents will keep climbing. Phoenix-area apartment complexes are selling almost daily for more than $100 million each, and the price per …
By Catherine Reagor | Arizona Republic A street near the entrance of Shadow Mountain Village Mobile Home Park. – Joseph Cooke/The Republic More than 500 seniors who live in a mobile home park near Scottsdale on the Salt River-Pima Maricopa Indian Community will have to find a new place to live when the park shuts …
By Catherine Reagor | Arizona Republic Sellers’ grip on metro Phoenix’s housing market is starting to slip. The supply of Valley homes for sale has steadily been climbing for the past few months, giving buyers worn out by bidding wars and new monthly home price records a better chance to close on one. Drops in …
By Jessica Boehm, Catherine Reagor & Ralph Chapoco | Arizona Republic Arizona landlords who received money from a state program that aimed to prevent evictions during the COVID-19 pandemic filed nearly 2,500 eviction notices during the pandemic, an Arizona Republic investigation found. Gov. Doug Ducey’s office launched the Arizona Rental Property Owner Preservation Fund in …
