2015-06-23
News to You By Doug Brown

Monday, June 22, 2015 

 

Millennials: Here's the salary you need to buy a house in Phoenix
A growing number of first-time buyers, mainly Millennials, have entered the Phoenix housing market this year. As a result, bidding wars are erupting over affordable Valley houses, which has led to the 10% increase in home sales this year. Many Phoenix-area real estate agents have seen their list of young clients looking to buy multiply during the past six months. That's great anecdotal evidence Millennials are no longer absent from the housing market.
Read article - azcentral.com
 

Fed Hints at Higher Rates Later This Year
Last week, the Federal Reserve voted unanimously in their regular policy meeting to leave the benchmark federal rate unchanged at zero but hinted that a raise is expected to occur for the first time in nearly a decade sometime later this year. The fed funds rate influences the cost of borrowing, such as in buying a new home. Since 2008, the Fed has kept the federal rate at basically zero, hoping to stimulate demand among consumers and businesses in propelling an economic recovery.
Read article - Realtor Magazine

     

Additional articles that you

might find of interest:

  

ASU to break ground on facilities district next year
Read article - Phoenix Business Journal

Adaptive reuse development in Phoenix sells for $36M
Read article - Phoenix Business Journal

4 takeaways from Yellen after Fed decides not to raise rates
Read article - Phoenix Business Journal

The Newport: Tempe's new single-family housing development, quickly taking shape
Read article - East Valley Tribune

CFPB Backs Delay for New Closing Rules
Read article - Realtor Magazine

At last, Millennials diving into home-buying pool
Read article - azcentral.com

First-Time Buyers Fuel Latest Sales Boost
Read article - Realtor Magazine

More Buyers Are Out Touring Homes
Read article - Realtor Magazine

Comments