August 2017
You won't believe how cheap Phoenix is to live compared to San Francisco, New York, Los Angeles
Jul 17, 2017, 11:49am MST

Mike Sunnucks
Senior Reporter
Phoenix Business Journal


We know living in Phoenix is a lot cheaper than other big U.S. cities such as New York and San Francisco. A new analysis by SmartAsset - a New York-based personal finance technology firm - shows just how much.
 
SmartAsset analyzed data from the U.S. Department of Housing and Urban Development and how much renters would need to spend 28 percent of their income on housing. Financial advisors and economists usually say renters and home owners should spend no more than 30 percent of their income on housing. SmartAsset took it down a bit to 28 percent and compared to the average rents for a two-bedroom apartment.
 
Of the 15 biggest U.S. cities. Phoenix was the cheapest - and a universe cheaper than San Francisco, New York and Los Angeles.

Builders Speed Up to Meet Housing Demands

DAILY REAL ESTATE NEWS | THURSDAY, JULY 20, 2017
Home builders are ramping up the pace of new-home construction in response to an ongoing shortage of homes for sale across the country. 

Housing starts nationwide jumped 8.3 percent in June to a seasonally adjusted annual rate of 1.22 million units, the Commerce Department reported Wednesday. Single-family production zoomed to its second highest rate of this year, increasing 6.3 percent month-over-month to a seasonally adjusted annual rate of 849,000 units. Multifamily starts also rebounded last month, posting a 13.3 percent increase to 366,000 units. 

"We are seeing housing production return to trend after a softer reading last month," says Robert Dietz, chief economist for the National Association of Home Builders. "The gradual growth in single-family starts in 2017 is in line with our forecast, and we should see this sector continue to strengthen throughout the year as consumers show interest in the housing market." 

Single- and multifamily housing production rose by the highest percentage in the Northeast in June, skyrocketing 83.7 percent month-over-month. Gains were also recorded in the Midwest with a 22 percent month-over-month increase in production and a 1.6 percent increase in the West. The South was the only major region in the U.S. to post a decrease in housing production last month, with starts dropping 3.8 percent.
Did You Know?
You can receive free neighborhood reports when you register at:



 
Click Here to View All Current BHHSAZ Listings
Local Upcoming Events
Get Animated!
Arizona Science Center
600 E. Washington St. Phoenix, AZ
July 25, 2017 to September 4, 2017
Recurring daily
10:00 AM to 5:00 PM
Adults (18+) and Child (3-17) $7.95; 2 and under are free.
Price does not include general museum admission.
(602) 716-2000

______________________________________________________________________________

Ongoing Calendar of Concerts

Event Calendar

Scottsdale Museum of Contemporary Art
7374 East Second Street Scottsdale, AZ
July 25, 2017 to September 24, 2017
Recurring weekly on Sunday, Tuesday, Wednesday, Thursday, Friday, Saturday
Tuesday, Wednesday and Sunday 12 p.m.-5 p.m.; Thursday-Saturday 12 p.m.-9 p.m.
$10 adults; $7 students; Free 15 and under
(480) 874-4666

Desert Botanical Garden
1201 N. Galvin Parkway Phoenix, AZ
July 27, 2017 to September 2, 2017
Recurring weekly on Thursday, Saturday
7:00 PM to 10:00 PM
Included with membership or paid Garden admission
(480) 941-1225

Taliesin West
12345 N. Taliesin Drive The Frank Lloyd Wright Foundation Scottsdale, AZ
July 28, 2017 to August 25, 2017
Recurring weekly on Friday
6:30, 7, and 7:15 pm
$40
(888) 516-0811

Tempe Beach Park
700 W Rio Salado Pkwy Tempe, AZ
August 17-20 2017
Recurring daily
Show times vary, see website for details.
Tickets start at $32
(480) 350-2822

13th Annual Phoenix Cooks!
Westin Kierland Resort & Spa
6902 E. Greenway Parkway
Phoenix, AZ 85254
Food enthusiasts sample fare from more than 50
of the best local chefs and restaurants plus, learn from
classroom experiences and stage demonstrations.
Sep 2, 2017
10 am - 3 pm.
Benefit. $60-90
PhoenixCooks2017

Usery Mountain Regional Park
3939 N Usery Pass Rd Mesa, AZ 85207
August 25, 2017
7:30 PM to 8:30 PM
Admission: $6.00 Park Entry Fee
480-984-0032
Aubrie Jones
REALTORĀ®

602.292.7317  |  Aubrie.Jones@BHHSAZ.com  |  www.AubrieJones.BHHSAZ.com