Mike Foulds - Realtor

This is Interesting, to say the least!! 4 Arizona Cities have ranked in the top 10 in the entire US for renting homes!! Although our rents have come down a bit, they are still quite high historically!

Scottsdale, Gilbert, Chandler and Peoria all placed in the top 10 with the East Valley cities taking the Top 3 Spots!!

The rankings were based on the average rental price as a percentage of Annual Income!! They also took into account, recreational activities, driving conditions, employment opportunities, and other quality of life factors!

https://www.fox10phoenix.com/news/top-cities-renters-america-data?link_source=ta_first_comment&taid=6a4f15c0d6f55b0001e22005&utm_campaign=trueanthem&utm_medium=trueanthem&utm_source=facebook&fbclid=IwY2xjawS8szZleHRuA2FlbQIxMABicmlkETFVZVZCUTVmNGd6Q2VTZUxqc3J0YwZhcHBfaWQQMjIyMDM5MTc4ODIwMDg5MgABHl_fai38y0M1w3ShI2G1Qvgdm7IEzacOruQdtPmxuICnqKaZ21z_qK0OD3cB_aem_qRyaznZVfhrAfO9ftREw9Q

New ranking shows the top cities for renters in America A new report is ranking the best U.S. cities for renters in 2026 – and here's which cities dominate the list.

Phoenix Area Real Estate Market Update -

Well, the past 3 months have been better than the previous months! The # of Homes Sold for March - May have beaten '24 & '25 numbers! Homes sold this year total 33,000. In '24 there were only 30,600 & in '25 only 31,1200. Not big difference, but with high interest rates, a weak economy and inflation running high again, that's a win!!

Median Home Price is holding steady at $455,000. It appears that higher priced homes are selling better than those priced lower. It could be that once rates come down and prices come down a bit more, the Median will decrease.

Days on Market have been shorter every month this year - currently at 83 days.

It is still a Buyer's Market! Sellers are still dropping prices, offering incentives, etc. to sell their homes. With the Feds likely to raise rates again soon, I don't expect things to change much in the near future. The only possible change will be sellers getting frustrated and reducing their prices more.

If I were a seller right now, I would sell! There are a lot of buyers in the marketplace, but there are a lot of listings. Still, waiting could cost you equity in your home.

If I were a buyer right now, I would negotiate hard and make sure you get the best deal possible! Rates may be high, but you can always refinance when the drop! Some Realtors use the phrase "Marry the House, Date the Rate." Not my kind of lingo, but it does reflect the situation well!

Call now to connect with business.

This is Great news for Arizona!!

A large home builder has become the latest company to flee California for the more business-friendly neighboring state of Arizona.

KB Home, which has a market cap of $3.25 billion, has announced that it plans to move its corporate headquarters from Los Angeles to Tempe, a suburb of Phoenix, beginning next spring.

The corporate income tax rate in Arizona is a flat 4.9 percent, which is one of the lowest in the country. It is almost half the 8.89 percent net income tax rate in California for C corporations, which KB Home falls under.

More business, high-wage jobs, and opportunities for Arizonans!!