by kramoltz@hotmail.com | Jul 8, 2023 | Arizona and Its Amenities, Real Estate Facts & Figures
The Phoenix metro area leads the nation in new home construction. Through May of 2023, 6,597 new single-family homes were built. With an additional 7,238 new multi-unit residential homes, the total amount of new homes constructed in 2023 is 13,835.
by kramoltz@hotmail.com | Feb 14, 2023 | Mortgages + Lending
Buying down an interest rate is a way for a seller to offer a financial incentive to a buyer. It results in a temporary reduction, which means lower payments under the buyer’s loan. Because of the dramatic increase in rates and the negative result on home sales, in...
by kramoltz@hotmail.com | Jun 22, 2021 | Home Buying, Real Estate Facts & Figures
Housing permits in the Phoenix metropolitan area – which includes Mesa and Scottsdale – are up by nearly 36% from last year. Despite the recent shocking increase in building costs, and corresponding sale price increases, Valley of the Sun housing building...
by kramoltz@hotmail.com | Mar 18, 2021 | Home Buying, Real Estate Facts & Figures
Historically 25% to 30% of all homes sold Maricopa County during any given year were newly built. As the chart below shows, this trend abruptly changed in 2007, with only 14.6% of all homes sold in Maricopa County in January 2021 being new builds – approximately...
by kramoltz@hotmail.com | Jan 8, 2021 | Home Buying
A new build is an attractive option when looking for a home. Here’s why: You Design It. You pick the floor plan and options that work for you. Energy Savings. New homes have energy efficient heating, cooling, insulation, and appliances that can result in significantly...