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March 17, 2023 5:14 PM
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Silicon Valley Bank's Failure Could Spark a Faster Housing Rebound

Silicon Valley Bank's Failure Could Spark a Faster Housing Rebound | Real Estate News and Auction | Scoop.it
Insider's Phil Rosen breaks down the bank sector's impact on homebuyers and shares insights from an economist at the National Association of Realtors.
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March 13, 2023 4:26 PM
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Rent control in Arizona? Proposed laws to limit rent increases

Rent control in Arizona? Proposed laws to limit rent increases | Real Estate News and Auction | Scoop.it
If you're a renter in Arizona, you know it's been a difficult few years. Late last summer, a national report found the median rental price in Phoenix increased 46% over the previous year.
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March 11, 2023 4:19 PM
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Housing Rebound: Top Real Estate Economist Sees Home Prices Rising

Housing Rebound: Top Real Estate Economist Sees Home Prices Rising | Real Estate News and Auction | Scoop.it
National Association of Realtors senior economist Nadia Evangelou isn't expecting a housing crash or recession this year.
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March 9, 2023 2:09 PM
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February Bankruptcy Filings Rise YoY –

February Bankruptcy Filings Rise YoY – | Real Estate News and Auction | Scoop.it
New bankruptcy filings in February 2023 registered double-digit increases year-over-year across al
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March 8, 2023 12:33 PM
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Housing: Buyers 'waiting on the sidelines' as rising rates pressure housing rebound

The housing market's recovery in late 2022 and early 2023 is being called into question with the recent backup in interest rates.
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March 6, 2023 9:45 AM
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Maricopa County, AZ

Maricopa County, AZ | Real Estate News and Auction | Scoop.it
The most up-to-date look at housing prices and market trends.
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Scooped by AZ Mountain Lake Realty
March 3, 2023 1:56 PM
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Tucson passes “source of income” as a protected class.

Attorneys Chris Welch and Mark Zinman discuss the City of Tucson’s newest law which makes “source of income” a protected class for fair housing purposes in the city. This means that a landlord cannot discriminate based upon where an applicant’s funds come from and all property owners must now participate in Section 8. While this sounds straightforward, there are a lot of nuances to this change, and it requires property owners in Tucson to change their screening criteria and application standards. Listen to the Zona Law attorneys discuss these issues.
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March 3, 2023 6:48 AM
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Will Home Prices Fall? First-Time Buyers Face a Costly Housing Market - Bloomberg

Will Home Prices Fall? First-Time Buyers Face a Costly Housing Market - Bloomberg | Real Estate News and Auction | Scoop.it
The pandemic boom has given way to higher mortgage rates and tight inventory, further squeezing entry-level house hunters.
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March 2, 2023 6:31 AM
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Are Rents Dropping??

Are Rents Dropping?? | Real Estate News and Auction | Scoop.it

Perhaps you’ve seen some of the headlines of late, talking about potential shifts in the rental market, and you’ve been wondering whether rents can continue moving up at the same pace that they have been.

The simple answer is no.

Current research is showing that the impacts of inflation are catching up with renters. Recent research shows the median rental rates across the nation show a decrease in rent growth.

This means that rental rates are no longer increasing up to 25% every year in some areas of the country, which was incredibly unsustainable. In fact, some renters are finding their rental rates have actually dropped as compared to a year ago.

But not to worry, as this shift doesn’t mean that multifamily is no longer a strong investment. In fact, if you take a look at the data, you’ll see that this shift is just taking us back to pre-pandemic levels, which is to be expected.

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March 1, 2023 6:09 AM
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Warren Buffett May Think The Housing Market Has Bottomed: Berkshire's Bet On A Strong Recovery

Warren Buffett May Think The Housing Market Has Bottomed: Berkshire's Bet On A Strong Recovery | Real Estate News and Auction | Scoop.it
Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, may have his sights set on a strong housing market recovery. What Happened: With existing-home sales falling for the 12th consecutive month in January, Buffet’s recent purchase of 1.25 million shares of Louisiana-Pacific Corp (NYSE: LPX) suggests he believes the housing market has finally bottomed out. While housing inventory remains low, it has started to climb, indicating that buyers and builders are regaining confidence in
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February 28, 2023 8:07 PM
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3 Of The 5 Richest People In The World Are Making New Plays In The Real Estate Market

3 Of The 5 Richest People In The World Are Making New Plays In The Real Estate Market | Real Estate News and Auction | Scoop.it
Real estate has long been considered a lucrative investment option for building wealth, and some of the world's wealthiest individuals are no strangers to this fact. In fact, three of the five richest people in the world are currently making unique plays in the real estate industry. From buying up vast swaths of land to investing in cutting-edge technology, these billionaires are setting themselves apart in a field that has been a cornerstone of wealth creation for centuries. Warren Buffett Lege
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February 28, 2023 12:15 PM
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2023 Phoenix housing market forecast: 3 predictions

2023 Phoenix housing market forecast: 3 predictions | Real Estate News and Auction | Scoop.it
Are we going to experience the crash we’ve been fearing and what is the Metro Phoenix housing market forecast? Here's what experts say.
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February 28, 2023 12:14 PM
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Reality check: Here's the true state of Arizona real estate market 

Reality check: Here's the true state of Arizona real estate market  | Real Estate News and Auction | Scoop.it
When it comes to the Arizona real estate market conditions, it’s important to remember a few truths Here's the reality about today's market.
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March 13, 2023 4:30 PM
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Silicon Valley Bank pushed 'woke' programs ahead of collapse

Silicon Valley Bank pushed 'woke' programs ahead of collapse | Real Estate News and Auction | Scoop.it
“These banks are badly run because everybody is focused on diversity and all of the woke issues and not concentrating on the one thing they should, which is, shareholder returns,” Marcu…
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March 11, 2023 4:25 PM
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6 Flat Fee MLS Companies in Arizona to Sell Your FSBO Home

6 Flat Fee MLS Companies in Arizona to Sell Your FSBO Home | Real Estate News and Auction | Scoop.it
Considering a flat fee MLS in Arizona? Here’s what to know about flat fee MLS listing services for FSBO home sellers in Arizona.
AZ Mountain Lake Realty's insight:

www.ArizonaMLSFlatFee.com

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March 9, 2023 3:43 PM
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Historical Mortgage Rates: 1971 To The Present ...ITS NOT GOING BACK TO 3% OR 5%

Historical Mortgage Rates: 1971 To The Present ...ITS NOT GOING BACK TO 3% OR 5% | Real Estate News and Auction | Scoop.it
Historical mortgage rates fluctuate, particularly in uncertain and inflationary times. Learn more about historical mortgage rates from the 1970s to the present.
AZ Mountain Lake Realty's insight:

Mortgage Rates

Where they started

Where they were by the end of the decade

1970s

7.31%

7.48%

1980s

7.48%

9.78%

1990s

10.13%

8.06%

2000s

8.06%

5.14%

2010s

5.14%

3.72%

2020s

3.72%

Today’s mortgage rate

 
  Rate trends last decades
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March 9, 2023 2:08 PM
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Housing Inventory Making Quick Recovery –

Housing Inventory Making Quick Recovery – | Real Estate News and Auction | Scoop.it
On an annual basis, the supply of homes for sale in February rose at a record annual pace for th
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March 8, 2023 5:46 AM
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PreForclosures

PreForclosures | Real Estate News and Auction | Scoop.it
How Jay Conner made $465,000 in 6 Months using Pre-Foreclosures
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March 6, 2023 6:31 AM
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Real-Estate Investors Shy Away From the Now-Risky 'BRRRR' Method

Real-Estate Investors Shy Away From the Now-Risky 'BRRRR' Method | Real Estate News and Auction | Scoop.it
Landlords buy, renovate, then pull cash out of rental properties to buy new ones. But the "BRRRR" method isn't as feasible as it was just months ago.
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March 3, 2023 6:55 AM
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Housing Rebound: Home Prices Will Enter Growth Cycle Akin to 1980s-90s

Housing Rebound: Home Prices Will Enter Growth Cycle Akin to 1980s-90s | Real Estate News and Auction | Scoop.it
Under that scenario, US home prices will be up 23% in 2027 compared to 2021 levels, economists surveyed by Zillow predicted.
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March 2, 2023 11:46 AM
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ChatGPT AI: Why Elon Musk wants to build a chatbot competitor

ChatGPT AI: Why Elon Musk wants to build a chatbot competitor | Real Estate News and Auction | Scoop.it

Elon Musk has sparked a new mission in the AI world - fighting "woke" bias. 

He is reportedly building an alternative to ChatGPT, OpenAI's conversational A.I., and talking to researchers about forming his own research lab dedicated to this cause. 

His opposition towards woke technology was made loud when he tweeted "...The danger of training AI to be 'woke' – in other words, lie–is deadly"...

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March 1, 2023 5:16 PM
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The Fed's Own Economists Are Warning of a 19.5% Housing Correction

The Fed's Own Economists Are Warning of a 19.5% Housing Correction | Real Estate News and Auction | Scoop.it
Insider's Phil Rosen breaks down the latest Dallas Fed report that warns of a potential steep slide in US home prices.
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February 28, 2023 8:10 PM
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Home prices set for double-digit plunge in some US cities

Home prices set for double-digit plunge in some US cities | Real Estate News and Auction | Scoop.it
Cities that experienced a housing boom during the COVID-19 pandemic are due for setbacks.
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February 28, 2023 12:17 PM
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Phoenix Real Estate Club Monthly Meeting | AZREIA

Phoenix Real Estate Club Monthly Meeting | AZREIA | Real Estate News and Auction | Scoop.it
Come for the Networking: Our very exciting networking session is followed by the popular Haves & Wants session. Both these sessions are fast-paced and allow our members to quickly tell each other about who they are, what they have and want they want.
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February 28, 2023 12:14 PM
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Metro Phoenix home listings, average sales price increase in January

Metro Phoenix home listings, average sales price increase in January | Real Estate News and Auction | Scoop.it
There were 6,848 new Metro Phoenix home listings hitting the market, compared to 4,105 in December. Here's a look at the prices.
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