Phoenix Real Estate and Community News

July 26, 2022

Housing Market SHIFT hits Phoenix Arizona - Real Estate Market Update

We're not seeing major changes in Phoenix just yet, but we're starting to see signs of a cooling market. More buyers are holding off as home ownership becomes too expensive. More sellers are dropping their asking price. Housing supply is sharply increasing. In addition to the disappointing housing data, initial jobless claims topped 250,000, the Leading Economic Index dropped for the 4th month in a row. The futures market also expects a .75% rate hike at this week’s Fed meeting, followed by smaller spikes going forward. Please note a Fed rate hike is NOT a direct hike to mortgage rates. Instead, mortgage rates usually get at least slightly better after a Fed rate hike. Buyers are much more aware of the dramatic change in the market than are sellers. New sellers will need to take time to understand just how different market conditions are today compared with 3 months ago. They should not expect multiple bids. As a result of these factors, we expect house price appreciation to moderate considerably. 

 

 

Watch this video for the latest Phoenix Arizona local and national housing market insight.
https://youtu.be/knm8-GfyTzM

 

Posted in REal Estate Videos
June 30, 2022

The Next Recession is Here - Phoenix Real Estate Market Update

Tampa, Miami, and Phoenix Arizona have reported the highest year over year gains among most cities reported in May amongst the top 100 metro area rankings. Phoenix’s year over year has been 28.3%, but that’s about to change and we will start to see some declines in equity appreciation levels over the next few years here. Watch this latest video on the Phoenix Arizona housing market update for more insight to empower you in making intelligent real estate investing decisions.

VIDEO: https://youtu.be/ghKdZw4fxgo

May 18, 2022

Cost of Living in Arizona - How Much Does it Cost to Live Here?

 

It’s not hard to understand why people from all over the world come to Arizona. Ranked 31st in the list of best places to live in the world and Phoenix as 10th best city to live in the United States, it’s no surprise that we are seeing between 200-300 people moving here per day. If you’re considering a move to Arizona, here’s an overview of the cost of living to help you decide if living here is the right place for you. You can learn about the best places and the most affordable places to live on our Arizona real estate website listed below. We have both lived here for 20 years now and we would be happy to help you create a plan of action and assist you through the home buying process. You may also reach out to us at 480-788-4118 or send us a message via email.

If you are new to our channel, we are Realtors here in Arizona, serving the valley for over a decade and a half helping investors, builders, traditional home sellers and buyers. We also do real estate consulting services, if you're looking to learn how to actually invest in real estate and gain wealth through real estate, learn creative strategies like rent to owns/lease option contracts, from traditional resale/multi-family investing, flipping homes, wholesaling/assignment contracts, lots/new build development, give us a call or send us an email.

Real estate investing is our main specialty. It has completely changed our clients lives and even our own personal lives forever, for the better (even if you are not a Realtor which you don't have to be to know how to do this), we can help. Make sure to like this video and Subscribe to learn more winning strategies and stay on top of the real estate housing market.

Cheers from sunny beautiful Arizona, Thanks for watching.

👩🏼‍🤝‍👨🏻Awni & Chantell Abbas - Real Estate Investing
🏘We help people buy & sell and invest in real estate.
🌐cenphxliving com
📱480-788-4118
SUBSCRIBE to our YouTube channel 🎥 for new weekly videos
Tips + Strategies link in Bio or search Awni and Chantell on YouTube

Posted in Real Estate News
May 5, 2022

Phoenix Real Estate Market Update May 2022 - Arizona Realtor

 

Is the housing market finally cooling off? Housing supply has been arriving in greater quantities over the past few weeks. This applies to both rental and for sale listings. The most dramatic rises are in rentals. U.S. new home sales fell as mortgage rates and prices increased. The sales rate declined 8.6% for the month and 12.6% from a year ago. During the same time period, the median sales price increased 21.4% to $436,700. The Federal Reserve is expected to raise interest rates again for the 2nd time since 2018, boosting the fed funds target rate by a 0.5% point. The central bank is also expected to launch a program to reduce its massive bond holdings by $95 billion a month, starting in June. It's important to understand this has nothing to do with the average mortgage. It means that the Fed will buy fewer bonds (Fed bond buying is one factor that kept rates as low as they were). This bond buying has a far more direct affect on mortgage rates. Watch this latest on the Arizona housing market update video for more insight. If you are new to our channel, we are Realtors / Investors here in Arizona, serving the valley for over a decade and a half helping investors, builders, traditional home sellers and buyers. We also do real estate consulting services, if you're looking to learn how to actually invest in real estate and gain wealth through real estate, learn creative strategies like rent to owns/lease option contracts, from traditional resale/multi-family investing, flipping homes, wholesaling/assignment contracts, lots/new build development, give us a call at 480-788-4118 or send us an email. Real estate investing is our main specialty. It has completely changed our clients lives and even our own personal lives forever, for the better (even if you are not a Realtor which you don't have to be to know how to do this), we can help. Make sure to like this video and Subscribe to learn more winning strategies and stay on top of the real estate housing market. Cheers from sunny beautiful Arizona, Thanks for watching. Send YOUR stories/questions/need advice to: info@buyandrentaz . com Looking to buy or invest in real estate? Send us a message or give us a call at 480-788-4118. We would love to help you with your real estate journey. Looking to sell or refinance your home and want to know your property's value? Go to http://www.cenphxhomevalues.com Awni and Chantell Abbas Realtors specializing in Real Estate Investing Sell • Buy • Invest • Multi-Units • Tenant Placement for Landlords 480-788-4118 http://www.cenphxliving.com - ⚠️SUBSCRIBE to our Youtube Channel: https://www.youtube.com/buyandrentaz​​ Hit the BELL icon to turn "ON" your notifications for new weekly videos. We share strategies, Real Estate investing advice, Insider news & current market updates. FOLLOW US on Instagram @awntelrealestate Phoenix Real Estate Market Update May 2022 - Arizona Realtor #phoenix #arizona #housingmarket2022 #arizona #realestate #realtor #livinginarizona #phoenix #movingtoarizona #homesforsale #phoenixrealtor #phoenixarizona

April 28, 2022

Glendale lagoon beach resort largest hotel destination in Arizona opening 2023 | Phoenix Realtor

This hotel and beach resort destination Crystal Lagoons will expand from 48 to 60 acres and be called VAI Resort and is south of State Farm Stadium between Loop 101 and 95th Avenue in Glendale, Arizona. This will be Arizona's largest hotel at more than 1,200 rooms on 8 stories. The project is set to open in late spring 2023 after the Super Bowl in Glendale. It is expected to bring 1,800+ jobs. A 7 acre body of water will anchor the project with sandy white beaches. From the vibes of Mykonos and Tulum, to the beaches of Miami, to the concerts and parties of Las Vegas, to the ultra-modern attractions of Dubai, the project will include a 360 degree concert stage where resort guests can watch shows from their balconies, a 52,000 square-foot man made island in the middle of its beach and 13 restaurants. The resort also will include a Mattel branded theme park with Hot Wheels and Thomas the Tank Engine attractions. This is an incredible addition to our state with impeccable growth for attracting additional tourism to the valley. Watch the video for more details and let us know your thoughts. Would love to hear it!

CLICK ON IMAGE TO WATCH VIDEO!

If you are new to our channel, we are Realtors / Investors here in Arizona, serving the valley for over a decade and a half helping investors, builders, traditional home sellers and buyers. We also do real estate consulting services, if you're looking to learn how to actually invest in real estate and gain wealth through real estate, learn creative strategies like rent to owns/lease option contracts, from traditional resale/multi-family investing, flipping homes, wholesaling/assignment contracts, lots/new build development, give us a call at 480-788-4118 or send us an email. Real estate investing is our main specialty. It has completely changed our clients lives and even our own personal lives forever, for the better (even if you are not a Realtor which you don't have to be to know how to do this), we can help. Make sure to like this video and Subscribe to learn more winning strategies and stay on top of the real estate housing market. Cheers from sunny beautiful Arizona, Thanks for watching. Send YOUR stories/questions/need advice to: info@buyandrentaz . com Looking to buy or invest in real estate? Send us message or give us a call at 480-788-4118. We would love to help you with your real estate journey. Looking to sell or refinance your home and want to know your property's value? Go to http://www.cenphxhomevalues.com Awni and Chantell Abbas Realtors specializing in Real Estate Investing Sell • Buy • Invest • Multi-Units • Tenant Placement for Landlords 480-788-4118 http://www.cenphxliving.com - ⚠️SUBSCRIBE to our Youtube Channel: https://www.youtube.com/buyandrentaz​​ Hit the BELL icon to turn "ON" your notifications for new weekly videos. We share strategies, Real Estate investing advice, Insider news & current market updates. FOLLOW US on Instagram @awntelrealestate

Posted in Community News
April 26, 2022

Video: Tesla battery supplier LG plans $2.8 BILLION dollar battery plant in Arizona

Tesla battery supplier LG buys 650 acres in Queen Creek Arizona for a massive 2.8 BILLION dollar battery plant. South Korea based LG Energy Solutions was the sole bidder and winner of the land in Queen Creek in an auction. The company paid the minimum bid price of a whopping $84.44 million through the Arizona State Land Department on April 14th, 2022. That's nearly $130,000 per acre! The plant will provide an estimated 2,800 jobs in the area. Completion date is set to be sometime in 2024.

 

The site is located on the northeast corner of Ironwood and Germann roads near Zimmerman Dairy Farm and CMC Steel Arizona southeast of Phoenix-Mesa Gateway Airport in Queen Creek. This $2.8 billion battery manufacturing plant makes up 1 million square feet with a production capacity of 11 gigawatt hours. Demand for batteries continues to soar across the globe to meet the demand for electric vehicle manufacturing.

 

However not everyone is happy about this….They are building the site plan just a few hundred feet from residential neighborhoods. There is even a petition signed with thousands of signatures to stop this facility from being built.

 

Video: Tesla battery supplier LG plans $2.8 BILLION dollar battery plant in Arizona

 

 

Watch the video for more details and let us know your thoughts. Would love to hear it. 

 

If you are new to our channel, we are Realtors / Investors here in Arizona, serving the valley for over a decade and a half helping investors, builders, traditional home sellers and buyers. We also do real estate consulting services, if you're looking to learn how to actually invest in real estate and gain wealth through real estate, learn creative strategies like rent to owns/lease option contracts, from traditional resale/multi-family investing, flipping homes, wholesaling/assignment contracts, lots/new build development, give us a call at 480-788-4118 or send us an email. Real estate investing is our main specialty. It has completely changed our clients lives and even our own personal lives forever, for the better (even if you are not a Realtor which you don't have to be to know how to do this), we can help. Make sure to like this video and Subscribe to learn more winning strategies and stay on top of the real estate housing market. Cheers from sunny beautiful Arizona, Thanks for watching. Tesla battery supplier LG plans 2.8 BILLION dollar battery plant in Arizona Send YOUR stories/questions/need advice to: info@buyandrentaz . com Looking to buy or invest in real estate? Send us message or give us a call at 480-788-4118. We would love to help you with your real estate journey. Looking to sell or refinance your home and want to know your property's value? Go to http://www.cenphxhomevalues.com Awni and Chantell Abbas Realtors specializing in Real Estate Investing Sell • Buy • Invest • Multi-Units • Tenant Placement for Landlords 480-788-4118 http://www.cenphxliving.com - ⚠️SUBSCRIBE to our Youtube Channel: https://www.youtube.com/buyandrentaz​​ Hit the BELL icon to turn "ON" your notifications for new weekly videos. We share strategies, Real Estate investing advice, Insider news & current market updates. FOLLOW US on Instagram @awntelrealestate

Posted in Community News
April 21, 2022

Moving to Phoenix Arizona? How to find a safe neighborhood

Chantell and I had a discussion about Arizona’s population growth the other day and the crime that can and has follow suit with it, as it’s realistic and inevitable. It got me thinking that I need to share with others who may be moving here (or live in) to make informed decisions on how to find, research, and look out for crime rates / statistics when it comes to home buying or leasing in an area that is unknown or unfamiliar to them. Safety is important to many people and that’s what this video is about. You can use these tools to find a Phoenix (or any city for that matter) neighborhood that may fit your safety needs and lifestyle.

 

Violent crime rates in Arizona rose faster and remained higher than the national rate in recent years, according to the latest data from the FBI. Violent crime which includes murder, rape, robbery and aggravated assault rose 4.6% in the U.S. between 2019 and 2020, to a rate of 398.5 crimes per 100,000 people in 2020. The rate in Arizona climbed 8.6% to 484.8 per 100,000 in the same period, according to data from the FBI’s Crime Data Explorer.

 

To address that surge, lawmakers recently called for action on a bipartisan bill that would allocate $100 million a year for the next decade to support police agencies and increase assistance to victims and their families.

 

Crime mapping is used by analysts in law enforcement agencies to map, visualize, and analyze crime incident patterns. It is a key component of crime analysis and the CompStat policing strategy. Mapping crime, using Geographic Information Systems (GIS), allows crime analysts to identify crime hot spots, along with other trends and patterns.

 

I recommend these excellent websites you can do your own diligence on when it comes to buying or leasing in Phoenix Arizona. You may also use these websites for ANY state insights on crime and safety research.

 

You can check out the video on our YouTube channel here: How to find a safe neighborhood

 

 

Posted in Buying a Home
April 12, 2022

Phoenix Arizona Market Update - APRIL 2022

Arizona’s economy has attracted historic wins in advanced industries like semiconductors, electric vehicles, batteries, aerospace, biotechnology, software development, and much more. Arizona’s jobs are once again breaking new ground, after regaining their pre pandemic peak in November 2021. In addition, the state unemployment plunged during the second half of the year, as the state’s labor market tightened significantly. However, Arizona is now 3rd worst in the nation for affordable housing. The forecast calls for Arizona to add 650,500 jobs during the next decade, with education and health services, professional and business services, leisure and hospitality and trade, transportation and utilities generating the most jobs. These four sectors together are projected to account for 77.5% of total state job gains. Arizona’s population rose by an estimated 109,000 in 2021. The forecast calls for the state to add 116,300 residents in 2022, 121,900 in 2023, and 113,100 in 2024. Population gains are expected to be driven primarily by net migration, as natural increase only modestly recovers after a pandemic-driven dip into negative territory. Even so, Arizona’s population growth is expected to far outpace the U.S.. We will discuss the latest real estate housing market insights in our next video to come. Subscribe to our channel to get the newest updates. If you are new to our channel, we are Realtors / Investors here in Arizona, serving the valley for over a decade and a half helping investors, builders, traditional home sellers and buyers. We also do real estate consulting services, if you're looking to learn how to actually invest in real estate and gain wealth through real estate, learn creative strategies like rent to owns/lease option contracts, from traditional resale/multi-family investing, flipping homes, wholesaling/assignment contracts, lots/new build development, give us a call at 480-788-4118 or send us an email. Real estate investing is our main specialty. It has completely changed our clients lives and even our own personal lives forever, for the better (even if you are not a Realtor which you don't have to be to know how to do this), we can help. Make sure to like this video and Subscribe to learn more winning strategies and stay on top of the real estate housing market. Cheers from sunny beautiful Arizona, Thanks for watching. Send YOUR stories/questions/need advice to: info@buyandrentaz . com Looking to buy, sell, or invest in real estate? Send us message or give us a call at 480-788-4118. We would love to help you with your real estate journey. Awni and Chantell Abbas Realtors specializing in Real Estate Investing Sell • Buy • Invest • Multi-Units • Tenant Placement for Landlords 480-788-4118 http://www.cenphxliving.com - ⚠️SUBSCRIBE to our Youtube Channel: https://www.youtube.com/buyandrentaz​​ Hit the BELL icon to turn "ON" your notifications for new weekly videos. We share strategies, Real Estate investing advice, Insider news & current market updates. FOLLOW US on Instagram @awntelrealestate

 

 

March 16, 2022

Phoenix Real Estate Market Update MARCH 2022 | Arizona Realtor

Phoenix Real Estate Market Update MARCH 2022 | Arizona Realtor. This video is about home prices and the current housing market and insight for the Metro Valley, Phoenix Arizona. You do not want to miss this video if you are considering moving to Az, living in Az or even investing in any real estate out here.

 

https://youtu.be/Ig_qcQpAEiY

 

#realestate #realtor #housing #investing #video #arizona #phoenixrealtor #phoenixarizona #phoenixmarket #arizonarealtor #realestateinvesting

Feb. 7, 2022

Fastest Growing States in America - ARIZONA!

 

Maricopa County is the fastest growing region in the United States. Ranked as one of the top 10 states in the U.S. for its business environment, Arizona is experiencing the second fastest rate of manufacturing job growth and the fastest population expansion in the country. Additionally, Arizona possesses the 5th largest data center inventory in the nation. According to the latest U.S. Census figures, Arizona last year retained its position as one of the fastest growing states. Arizona's thriving economy continues to reach new heights. You do not want to miss this video if you are considering moving to Az, living in Az or even investing in any real estate out here. If you are new to our channel, we are Realtors / Investors here in Arizona, serving the valley for over a decade and a half helping investors, builders, traditional home sellers and buyers. We also do real estate consulting services, if you're looking to learn how to actually invest in real estate and gain wealth through real estate, learn creative strategies like rent to owns/lease option contracts, from traditional resale/multi-family investing, flipping homes, wholesaling/assignment contracts, lots/new build development, give us a call at 480-788-4118 or send us an email at info@buyandrentaz.com Real estate investing is our main specialty. It has completely changed our clients lives and even our own personal lives forever, for the better (even if you are not a Realtor which you don't have to be to know how to do this), we can help. Make sure to like this video and Subscribe to learn more winning strategies and stay on top of the real estate housing market. Cheers from sunny beautiful Arizona, Thanks for watching. Send YOUR stories/questions/need advice to: info@buyandrentaz.com Looking to buy, sell, or invest in real estate? Send us message or give us a call at 480-788-4118. We would love to help you with your real estate journey. Awni and Chantell Abbas Realtors specializing in Real Estate Investing Sell • Buy • Invest • Multi-Units • Tenant Placement for Landlords 480-788-4118 http://www.cenphxliving.com - ⚠️SUBSCRIBE to our Youtube Channel: https://www.youtube.com/buyandrentaz​​ Hit the BELL icon to turn "ON" your notifications for new weekly videos. We share strategies, Real Estate investing advice, Insider news & current market updates. FOLLOW US on Instagram @awntelrealestate