Blog & News

An HOA fee is simply part of life for most condo and townhome owners. It’s a real line item in your monthly budget, and lenders factor it into your debt-to-income ratio when determining what you can afford. But is an HOA fee something to dread — or is it actually a good thing?

North Phoenix keeps growing, and it shows no signs of slowing down. Between the Taiwan Semiconductor plant, the expanding Shops at Norterra, new office development, and the thriving Union Park community, the drive north on I-17 looks completely different than it did just a few years ago. And with easy access to both the 101 and I-17, North Phoenix is a commuter’s dream.

Have you heard about the recent changes to how real estate agent compensation is handled in resale transactions. Following a landmark NAR settlement, new rules took effect August 17, 2024 that affect both buyers and sellers. Here’s what you need to know.

Midtown Phoenix has been quietly transforming into one of the most exciting urban neighborhoods in the Valley and Park7 on Windsor is one of the freshest additions to the scene. You won’t stumble across this community by accident — it’s tucked in on Windsor Avenue, just a few blocks from Roosevelt Row, the light rail, museums, and some of the best restaurants and coffee shops in the city.

In real estate, absorption rate measures how long it would take for all current listings in a given market to sell, based on recent sales activity. While there are a couple of ways to calculate it, the most practical method is “Months of Inventory”: divide the number of active listings by the average number of homes sold per month.

If you need a mortgage to buy a Phoenix condo, you’ll be glad to know that in most cases, condos can be financed just like a single-family home using conventional financing. However, because buying a condo also means purchasing an interest in shared common elements — the pool, clubhouse, parking, and often the building’s exterior — lenders sometimes have additional requirements that need to be met first.