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Should we elaborate further? Mortgage rates are now topping 7.5%, the highest levels seen this year.  You’d think the sales rate would be slowing, but there aren’t signs of it. It’s possible that sales will slow, but maybe it takes a few more weeks to manifest than expected.

At Altos Research, where we track every home for sale in the country each week, the data so often defies expectations or changes very quickly. By tracking the pricing, supply and demand, sales and changes in the data, you can immediately understand it as it happens. Let’s look at the details of the U.S. housing market at the end of April 2024.

Housing inventory

There are now 556,000 single-family homes on the market. That’s up 2.4% from last week, with slightly more than 13,000 additional properties on the market now than a week ago.

Unsold inventory now is almost 32% higher than at this time last year — and it’s 90% higher compared to the end of April 2022. Two years ago, inventory was jumping along with mortgage rates. But that’s not what’s occurring now as the increases are more steady.

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This is one way to illustrate that consumers are more sensitive to changes in rates than to the actual levels. Rates are higher now, so unsold inventory is higher. But two years ago, rates were climbing by 20 basis points or so each week for much of the spring. Rates were climbing rapidly and so was inventory. Now the increase in both of these lines is slower. 

In 2022, there were record-low numbers of unsold homes on the market, but the numbers were climbing rapidly, with 18,000 to 20,000 properties added each week. Today, we’re adding 13,000 per week. While interest rates and inventory are rising in 2024, they were doing so much more quickly two years ago. The change in rates is what drives change in behavior.

New listings

There were 72,000 new single-family listings unsold this week, Another 21,000 homes were newly listed and already under contract (what are known as immediate sales) for a total of 93,000 new sellers this week. That’s much more than at any point of 2023. You have to go back to July 2022 to find this much seller activity in a given week. 

So, why is the seller volume increasing, where is it coming from and is it time to panic? 

First, keep in mind that immediate sales are still at a reasonably healthy level. Plenty of homes are receiving offers and going into contract immediately upon being listed — 21,000 this week, or 22.5% of the market. 

Next, keep in mind that there are still 20% fewer sellers each week than there would have been in a “normal” year prior to the COVID-19 pandemic. There are not a lot of sellers. It’s just that in the past decade as mortgage rates fell, more real estate began to be hoarded and fewer sales took place. In the accompanying video, you can see the relative levels of new weekly listings. Seller volume is still running pretty low because homeowners have such a good deal with their low mortgage rates that they don’t want to sell. 

Fixed mortgage rates mean fixed costs for most homeowners. Fixed costs theoretically means they won’t ever have to sell. But in areas where costs are rising — due to higher property taxes, insurance hikes or other rising maintenance expenses — homes are more likely to hit the resale market.

Right now, this is most obvious in Texas and Florida. Over the past year, 40% of the inventory increase at the national level has come from these two states. Texas and Florida combine for 29% of the country’s active listings and 16% of its population, so outsized gains are happening in these place. For example, if you have a second home in southwest Florida that you only use occasionally and your insurance costs tripled this year, it’s very tempting to sell. And some people are doing so.

The opposite trend is happening in New York, which has the fewest available homes per capita right now. That dubious distinction is usually reserved for California. New York has slightly fewer homes on the market than at this time last year, whereas Florida now has 59% more. 

The takeaway here is that inventory gains are happening pretty much everywhere but at a significantly higher rate in the Sun Belt states — from Florida to Texas and Arizona. 

Pending sales

There are 398,000 single-family homes under contract now — a few percentage points more on a year-over-year basis. These homes in the pending-sales stage will mostly close in May.

This is slight seller growth but not a pullback, even with April’s mortgage rate increases.

Frankly, this pace could’ve been expected to reverse, but it hasn’t happened yet. In 2022, sales dwindled in the second half of the year and have yet to recover. The video above illustrates how quickly home sales slowed as mortgage rates rose — especially in June and September 2022.

This year, the trajectory is staying surprisingly positive. As the average rate jumped from 7% to 7.5%, that slowdown could’ve been expected to happen again. If the market gets lucky and rates don’t climb past 8%, then the sales rate might continue to slowly recover by later this summer. But rates could keep climbing. The macroeconomic data keeps coming in strong and we’ll just have to watch to see what happens.

There were 76,000 new contracts started this week for single-family homes in the U.S. That’s more than in any week for all of 2023. It’s strong growth — 9% more than the same week a year ago. Sales volume typically peaks at the end of June, so we likely have more growth to come in the spring market. And the weekly new pending sales count is already ahead of the best weeks posted last year.

Home prices

The median price of homes under contract is now slightly more than $399,900, good for 5% year-over-year growth. What’s being tracked here is the final asking price for the homes that went into contract. This is the earliest proxy for the final sales price. Any given home may sell for more or less than asking price, but in aggregate, the actual sales price is very close to this pending sales price.

Altos Data watches several measurements of home prices. There’s asking prices, or what you’ll see if you’re shopping the market today. The median price of all homes on the market right now is just under $445,000 and is only 1% higher than in April 2023. 

The price for a new listing is the best leading indicator, and there are the prices of the set that is being purchased, which is what we’re looking at here. These are all useful indicators of home prices.

Historic data shows, for example, precisely when home prices fell in June and September 2022. At that time, there were large jumps in seller inventory coupled with sudden, additional spikes in mortgage rates. So, homebuyers adjusted their expectations and prices dropped. We’re on the alert for these price declines today but have yet to see them.

Price reductions

While watching for leading indicators for changes in sales prices, we saw a meaningful uptick in price reductions. This week, 32.5% of the homes on the market included a price cut. That’s up 50 basis points from last week and is 340 bps more than at the end of April 2023.

This week last year was the final decline of the spring season. Pricing was much firmer last year, but the share of homes with price cuts in 2024 have increased for 10 weeks. It’s a much slower season compared to last year and spring is when the most upward pressure on home prices typically happens.

But price cuts are on the rise. The curve this year is following a very clear seasonal trend. Home prices are not crashing and there’s no signal anywhere in the data that a crash is imminent. But there are more homes with price cuts now than in April of any recent year, so that’s a pretty weak signal.

In the price reductions chart of the accompanying video, notice how this year’s curve is elevated above that of any recent year. There are more homes on the market with price cuts today than in any April in more than a decade — even though this rate is not climbing nearly as quickly as it did two years ago when the market changed.

If you look at the local data, you’ll see that the Florida markets are dominating in terms of price cuts. More than 50% of the homes on the market in most of the major Florida metro areas have had price cuts. Inventory is up and prices are lower on an annualized basis.  Nationally, however, the data is balanced out by many markets, such as those in the Northeast, where inventory is still very low.

If mortgage rates keep climbing, we could more than 40% of U.S. listings with price cuts by the latter portion of summer. That would likely be a negative indicator for future sales prices — i.e., home price declines. As mentioned earlier, home prices today are higher than they were a year ago (by 1% to 5%, depending on which measurement is used). But the price-reductions trend seems like it is poised to slow down. It looks as if home prices in 2024 will remain flat, at best, although 2023 offered a surprise and that could happen again as this year unfolds.

Source: housingwire.com

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If you’re looking for a destination with an unmatched combination of natural wonders, military importance, and old-school charm, you need to find a home in Colorado Springs. 

This city, sitting at the foot of one of the most famous mountains in America, offers a unique blend of attractions that cater to outdoor enthusiasts, history buffs, and those who serve our country. From towering peaks to massive military installations, each site tells a portion of the city’s multifaceted story. 

So, lace up your hiking boots and join us on a quick tour of this scenic city and learn all about ten of the top things Colorado Springs is known for.

1. Garden of the Gods

This public park, renowned for its towering red rock formations, is like nowhere else on the planet. Visitors can enjoy hiking, rock climbing, and simply enjoying the stunning views. Garden of the Gods is a haven for geology buffs as well as a place where photographers and nature lovers converge to appreciate its majesty.

2. U.S. Olympic & Paralympic Headquarters

Colorado Springs is known for being the headquarters of the U.S. Olympic & Paralympic Committee. As such, it is a pivotal center for athlete training and administrative operations. The complex includes state-of-the-art facilities that support American athletes in their preparations for the Olympics. Tours of the headquarters offer a behind-the-scenes look at where Olympic dreams are nurtured and realized.

3. U.S. Air Force Academy

One of the five American service academies, the U.S. Air Force Academy in Colorado Springs is crucial in educating and training officers for the nation’s air, space, and cyberspace forces. The sprawling campus is also famous for its stunning modernist chapel with seventeen spires, symbolizing an upward ascent into the air.

4. Old Colorado City

Stepping into Old Colorado City, you enter the original capital of the Colorado Territory. Today, this historic area charms visitors with its art galleries, boutiques, and restaurants housed in well-preserved 19th-century buildings. The area’s quaint streets and apartment communities host plenty of community events throughout the year, making it a lively part of the city’s social fabric.

5. Pikes Peak

Known as “America’s Mountain,” Pikes Peak dominates the landscape at over 14,000 feet above sea level. It’s a stunning backdrop for the city. Beyond that, it’s also where you’ll find the famous Pikes Peak Cog Railway, which offers spectacular panoramic views on its way to the summit. The peak inspires adventurers and artists alike with its formidable presence and breathtaking views.

6. Peterson Space Force Base

Peterson Space Force Base plays a critical role in the defense infrastructure of the United States, focusing on space operations. It’s a cornerstone of military presence in Colorado Springs and contributes significantly to the local economy and community. The base is part of America’s space defense industry, ensuring national security from above.

7. Cheyenne Mountain Zoo

Perched on the side of a mountain, Cheyenne Mountain Zoo is a unique place, to say the least. It is America’s only mountain zoo and features an impressive collection of animals in habitats that mimic their natural environments. The zoo is especially famous for its giraffe herd, offering the highest-altitude giraffe feeding experience in the world.

8. The Broadmoor

A historic hotel that exudes luxury, The Broadmoor has been a cornerstone of Colorado Springs tourism since 1918. With its picturesque lake, world-class golf courses, and impeccable service, the hotel offers a glimpse into the opulent past of American leisure. The Broadmoor attracts visitors from around the globe, seeking a first-class stay surrounded by the natural beauty of Colorado Springs.

9. Colorado Springs Pioneers Museum

Located in the beautifully restored El Paso County Courthouse, the Colorado Springs Pioneers Museum harbors artifacts and stories that trace the area’s history. The museum’s exhibits focus on the indigenous peoples, early settlers, and more. It’s a treasure trove for anyone interested in the fascinating history of the Pikes Peak region.

10. Red Rock Canyon Open Space

Adjacent to the Garden of the Gods, Red Rock Canyon Open Space offers additional trails and rock formations that are less crowded but equally stunning. The area is a favorite for local hikers, climbers, and cyclists, who find solace and adventure in its rugged terrain and hidden trails.

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Known by its initials, KC, Kansas City is known far and wide for more than a few things. From its world-famous barbecue to its pivotal role in the jazz world, the city presents an intriguing mix of old and new. 

Whether you’re a sports fan, history buff, or patron of the arts, you’ll find a place to feel at home in Kansas City. 

Join us as we check out the museums, stroll the parks, and see the sights that make Kansas City such a special place to visit and such a desirable place to find the perfect apartment.

1. KC BBQ

Kansas City takes its barbecue seriously. Characterized by its slow-smoked meat slathered in a thick, tomato-based sauce, the city’s barbecue joints, ranging from old-school pitmasters to new-age innovators, offer a mouthwatering variety of meats. This food is celebrated annually at the American Royal, a major barbecue competition that attracts pitmasters and foodies throughout the country.

2. American Jazz Museum

Located in the historic 18th and Vine district, the American Jazz Museum pays homage to the city’s legacy in the development of jazz music. Interactive exhibits, visual displays, and rare memorabilia, like Charlie Parker’s saxophone, provide a comprehensive look at the genre’s evolution. 

3. The Kansas City Chiefs

The Kansas City Chiefs, the city’s beloved NFL team, play their home games at the Arrowhead Stadium. Known for its electrifying atmosphere and passionate fan base, you can feel the energy throughout the city when the Chiefs have a home game. The franchise has a storied history, including multiple Super Bowl appearances, making game days a major local event.

4. Hallmark Cards HQ

Kansas City is home to the headquarters of Hallmark Cards, Inc., the largest manufacturer of greeting cards in the U.S. Founded in 1910, this family-owned business has grown into a global enterprise, shaping how people celebrate holidays and special occasions. 

5. Kauffman Memorial Garden

The Ewing and Muriel Kauffman Memorial Garden is a tranquil oasis in the heart of the city. This beautifully maintained garden features a stunning amount of plants, flowers, and sculptures set amidst winding pathways and serene water features. It serves as a peaceful retreat for those seeking a break from the city’s buzz, as well as a popular location for photography and private events.

6. River Market

River Market is a bustling neighborhood known for its farmers market, one of the largest and longest-running in the Midwest. Every weekend, locals and tourists alike flock to the market to shop for fresh produce, specialty foods, and artisan products. The surrounding district also has plenty of restaurants, shops, and more, making it a popular spot for a casual day out.

7. The National World War I Museum and Memorial

This National World War I Museum and Memorial is dedicated to remembering and understanding the Great War and its enduring impact. With its sizable collection of artifacts, immersive displays, and educational programs, the museum offers insights into one of the most significant conflicts in human history.

8. Union Station

Once a busy rail terminal opened in 1914, Union Station now serves as a multi-purpose hub. This historic landmark houses science exhibits, traveling national exhibits, and features a mixed selection of dining and shopping options. Its grand architecture and busy schedule of events make it a focal point for social activities in the city.

9. The Nelson-Atkins Museum of Art

The Nelson-Atkins Museum of Art is renowned for its comprehensive collection that spans thousands of years and includes everything from ancient artifacts to modern art. Its massive collection of Asian art and the iconic Shuttlecocks installation on its lawn are just two highlights. The museum is a cornerstone of Kansas City’s arts scene.

10. Country Club Plaza

Opened in 1923, Country Club Plaza is recognized as one of the nation’s first shopping centers designed to accommodate shoppers arriving by automobile. This district is famed for its Spanish-inspired architecture and features numerous high-end retail shops, restaurants, and seasonal events. The annual lighting of the Plaza’s buildings during the winter holidays is a cherished local tradition that attracts visitors from across the region.

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Homeowners coming off fixed rate mortgages faced huge rises in their monthly payments, latest figures have revealed, with the costs severely biting into household disposable income.

With the Bank of England base rate rising to 5.25 per cent in the summer of last year, families faced soaring mortagage rates with the average two-year fixed rate reaching 6.9 per cent.

The new rates meant many homeowners, especially those with large mortgages still to pay, faced challenging increases in monthly payments.

Last year, more than 1.4m households in the UK had fixed rate mortgage up for renewal, with more than half coming off rates of less than two per cent.

Ken James, director at Contractor Mortgage Services, told The Independent that the change in payments meant some were forced to either extend their mortgages or even sell up and move elsewhere.

“And while they may have had money in previous years for a holiday or a new car, they are now having to hold back as their monthly mortgage payments rise,” he added.

The Office for National Statistics has published estimates on the impact of the rising mortgage rates for those impacted in 2023, breaking the figures down by region to calculate which areas were most exposed.

Which areas saw the biggest rise in monthly mortgage repayments

In Kensington and Chelsea, in London, the ONS estimates that the average increase in monthly mortgage payments for households impacted by rate changes was a jump of £1,193 to £5,100, the equivalent of more than £14,000 in a year.

The area was followed by Camden with a £924 monthly increase, Islington with a £803 rise and Hammersmith with a £776 increase. Outside London, homeowners in Elmbridge in Surrey saw their monthly mortgage payments rise by £456.

The huge increase in Kensington and Chelsea equated to 27 per cent of the disposable income for an average household in the area – however just six per cent of households were impacted by rate changes last year since they either rented, owned their homes outright, or had fixed mortgages.

Which areas saw the lowest rise in monthly mortgage repayments

Far from the capital, homeowners living in areas in the north of the country saw the lowest increases in mortgage payments.

In Allerdale, in Cumbria, the average increase in monthly payments was £80 to £453 in 2023. It was followed by Barrow-in-Furness, also in Cumbria, where homeowners saw an increase of £83 in monthly payments, then Copeland, also in Cumbria, and Stoke-on-Trent, which both saw a £87 rise.

Despite the lowest rise in payments, homeowners in Allerdale were among the most exposed in the country with the jump in costs equating to 17 per cent of a household’s disposable income.

In Allerdale, 13 per cent of households remortgaged last year.

Will mortgage holders coming off fixed rates in 2024 be equally affected?

The year 2024 started off with hopes homeowners faced a brighter picture with many lenders cutting their rates in January.

That was followed by top economists predicting the 5.25 per cent Bank of England base rate would fall in May, with two-year fixed mortgages rates dropping to nearly four per cent at the start of the year.

However, since then rates have risen. This week, five mortgage lenders increased their rates as inflation slowed less than expected in March. The central bank is using higher rates for longer to keep inflation under control.

This marked another blow for homeowners, with many coming off fixed rate mortgage set more than two years ago when costswere much lower.

Ken James, director at Contractor Mortgage Services, said he feared banks had jumped the gun at the start of the year.

“The banks took a little bit of a gamble by thinking the market was looking good and the base rate was going to be coming down [it remains at 5.25 per cent], because of that they started to bring in lower rates and we saw movement.”

He said the increase had “concerned” clients with some having to make difficult choices against rising monthly payments, such as extending their mortgage terms or even selling and moving home.

Some were looking to sell and go into rented accommodation, but then they faced rising costs again, said Mr James, who added: “I don’t see the situation changing for a while, I think people are prepared to wait out this difficult period and hope for better news in a couple of years’ time.”

Source: independent.co.uk

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SCHENECTADY — Bluebird Home Decor has begun its closing sale for its State Street location after the owner announced via Facebook that she would be shuttering the store in March.

“A little over a year ago I began feeling a nudge that I could not ignore,” stated owner Nicolle Broughton in a Facebook post Friday. “After much thought and even more prayer, I have made the very difficult decision to move on from my retail storefront in Schenectady.”

The storefront opened in 2018. However, owner Broughton established the home decor and gift shop in 2013, having had a previous location in Troy.

The shop has handmade, vintage and new items for peoples homes and works with over 20 artists and other businesses across the country, according to the company website.

Broughton said she’s not sure what she’ll be doing next.

“I do know that my creativity does not end here. I will still be around, selling in some capacity,” the Facebook post stated. “I am simply stepping out in faith, releasing my storefront and believing that the best is yet to come. I cannot wait to see how the next few years unfold.”

Broughton also thanked everyone for their support over the years in the post.

“It has been one of the greatest honors and blessings of my life to create and share this space with you allI will miss you all dearly,” she said. “My sincerest thanks and deepest gratitude for all of your support over the years.”

Many customer comments on the post said that they were sad to see the store close.

“So sad to see this post… although not often enough I enjoyed binge shopping at your store,” said Anita Nasuto in a comment. “It was a treat to walk through your door and find so many irresistible gifts and special items for myself. They will mean even more to me now. Sincerely hoping you find a most rewarding path ahead. Very best wishes and thanks for adding such class to that corner.”

The store will offer sales until it closes, all of which are final.

“Most items are 30/40/50% off, any item without a sale tag is 10% off,” Broughton said. “The store will remain open Thursday-Sunday through mid-March. Please come use your gift cards! We also hope to have a tent sale this May, details to follow, and a holiday shop somewhere in the capital district this holiday season.”

Source: dailygazette.com

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Have you ever thought, “Should I move to Arlington, TX?” Living in Arlington means you’re never far from an adventure, whether it’s catching a football game, riding a roller coaster, or enjoying the great outdoors at one of the city’s many parks. Arlington stands out for its unique blend of suburban comfort and urban excitement, making it a great place to call home. In this article, we’ll dive into the pros and cons of living in Arlington to help you figure out if this city matches your lifestyle. Let’s jump in. 

Arlington at a Glance

Walk Score: 38 | Bike Score: 40 | Transit Score: 0

Median Sale Price: $325,000 | Average Rent for 1-Bedroom Apartment: $1,140

Arlington neighborhoods | Houses for rent in Arlington | Apartments for rent in Arlington | Homes for sale in Arlington

Pro: Exciting sports culture

Arlington, stands out with its rich sports culture, home to the Dallas Cowboys and Texas Rangers. The presence of AT&T Stadium and Globe Life Park ensures residents have access to world-class sporting events year-round. This not only boosts the local economy but also fosters a strong sense of community among fans. The excitement of game days is palpable, making it a thrilling place to live for sports enthusiasts.

Con: Limited public transportation

One significant drawback of living in Arlington is the limited public transportation options. Unlike other cities of its size, Arlington lacks a comprehensive public transit system, making it challenging for those without personal vehicles to navigate the city. This limitation affects daily commutes, access to amenities, and overall mobility, potentially increasing residents’ reliance on cars and contributing to traffic congestion.

Pro: Plenty of entertainment options

Arlington is not just about sports; it’s also a hub for entertainment and leisure activities. With attractions like Six Flags Over Texas and Hurricane Harbor, residents and visitors alike have access to some of the best amusement parks in the country. The city also boasts beautiful parks and Lake Arlington, offering outdoor activities such as hiking, boating, and fishing.

Con: Hot and humid summers

The climate in Arlington can be a downside, especially during the summer months when temperatures soar and humidity levels rise. These conditions can be uncomfortable and limit outdoor activities, particularly in July and August. Residents often find themselves seeking relief indoors, which can lead to higher energy bills due to the increased use of air conditioning.

Pro: Thriving economy

Arlington’s economy is robust, driven by sectors such as entertainment, manufacturing, and education. The presence of major employers, including General Motors and the University of Texas at Arlington, provides a wealth of job opportunities for locals. This economic diversity not only supports a strong job market but also contributes to the city’s overall prosperity and growth.

Con: Seasonal allergies

A significant concern for many Arlington residents is the high prevalence of seasonal allergies. The city’s location in North Texas, combined with its vegetation and climate, contributes to challenging conditions for individuals sensitive to pollen and other allergens. Seasonal allergies can impact quality of life, especially during peak pollen seasons in the spring and fall.

Pro: Proximity to other major cities

One of Arlington’s greatest advantages is its strategic location between Dallas and Fort Worth, offering residents easy access to the amenities and job markets of two major cities. This proximity allows for a suburban lifestyle while enjoying the benefits of urban living, including cultural events, museums, and airports. It’s the best of both worlds for those who work in the city but prefer a quieter home life.

Con: Urban sprawl

Arlington’s rapid growth has led to sprawling suburban neighborhoods and commercial areas. This has resulted in increased traffic congestion and longer commute times for residents. For example, major highways and thoroughfares, such as Interstate 20 and Interstate 30, experience heavy traffic congestion during peak hours, leading to delays and frustration for commuters. Additionally, the proliferation of strip malls and commercial developments along major roadways contributes to the spread-out nature of the city, making it less walkable and pedestrian-friendly.

Pro: Community engagement and volunteerism

Arlington is known for its strong sense of community and active volunteerism. Numerous organizations and initiatives focus on improving the city and helping its residents, from environmental clean-ups to food drives. For example, the city holds an annual “Arlington Cares” community service day, where residents come together to volunteer for projects such as neighborhood cleanups, park beautification, and food drives.

Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.

Source: rent.com

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Phoenix is a city that offers so much more than a typical desert experience. As the fifth-largest city in the United States, those lucky enough to own a home in Phoenix enjoy year-round sun and the ability to easily explore its natural landscape at the drop of a hat. 

Whether you’re hitting the links on a world-class golf course, cheering on the Phoenix Suns, or enjoying a stroll through Papago Park, Phoenix is known for a whole lot, and with good reason. 

Below is a brief breakdown of ten of the top things Phoenix is known for. So, put on some sunscreen, dawn your finest tanktop, and join us on a journey through this stunning desert city.

1. World-renowned golf courses

Phoenix is a paradise for golfers with tons of world-class courses. These courses are celebrated for their challenging layouts and stunning desert backdrops. Facilities like TPC Scottsdale and the Phoenix Country Club offer top-tier golfing and host professional tournaments, attracting golfers from all over. Needless to say, many dedicated golfers dream about finding an apartment in Phoenix at some point in their lives. 

2. The Phoenix Suns

The Phoenix Suns are an integral part of the city’s identity. They bring unparalleled energy and excitement to every Phoenix neighborhood. One of the city’s two major league sports teams, they play home games at the Footprint Center, where fans gather in droves to support their team. 

3. Year-round sun

One of Phoenix’s most appealing features is its year-round sun. This sunny standard allows for an active lifestyle, whether it’s hiking, biking, or simply kicking back by the pool under a well-placed umbrella.

4. Papago Park

Papago Park is a staple for outdoorsy types in Phoenix. Known for its distinctive red sandstone formations and comprehensive network of trails, the park is perfect for hiking, cycling, and even fishing in its stocked ponds. The park also houses the Phoenix Zoo and Desert Botanical Garden, making it a solid destination for nature lovers and large families alike.

5. Arizona Diamondbacks

The Arizona Diamondbacks are Phoenix’s MLB team. This team holds a special place in the hearts of sports fans across the state and the entire southwest. Playing their home games at Chase Field, attending a DBacks game is always a great way to spend a day in Phoenix. Their 2001 World Series win remains one of the proudest moments in the city’s history.

6. Saguaro cacti

As a desert city, Phoenix is known for its cacti. The iconic Saguaro cactus is forever linked with the Phoenix landscape. These towering cacti can live over 150 years and are a vital part of the desert ecosystem. They provide homes for desert wildlife and add to the iconic natural beauty that Phoenix is known for.

7. Musical Instrument Museum

Phoenix is home to one of the more unique museums in the country, the Musical Instrument Museum (MIM). The MIM showcases over 6,800 instruments from around the world. The MIM provides a deep dive into the fascinating world of music with galleries featuring instruments from every country. Interactive, engaging, and educational, the museum is a one-of-a-kind place that resonates with music lovers of all ages.

8. Desert Botanical Garden

The Desert Botanical Garden is another gem in Phoenix, dedicated to conserving desert plants. With more than 50,000 plant displays showcased in outdoor exhibits, the garden emphasizes the beauty and diversity of desert flora. It also serves as a center for research, conservation, and education on desert environments.

9. South Mountain Park and Preserve

As one of the largest municipal parks in the United States, South Mountain Park and Preserve has more than 16,000 acres of desert landscape. This sprawling park is a haven for hikers, bikers, and horseback riders with its plentiful trails and panoramic city views from Dobbins Lookout. 

10. Heard Museum

The Heard Museum showcases Native American art and attracts visitors with its insightful exhibitions and collections. The museum presents historical artifacts and contemporary art, illustrating the history and living cultures of Native peoples of the Southwest.

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In the northeastern corner of the United States, Maine beckons with its rugged coastline, picturesque landscapes, and rich maritime history. Known as the “Pine Tree State” for its dense forests of evergreen trees, Maine offers a unique blend of coastal charm and rustic tranquility. From the vibrant streets of Portland, the state’s cultural hub, to the serene beauty of Bar Harbor nestled along the Acadia National Park, Maine embodies a lifestyle deeply rooted in nature and community. However, living in Maine does present its own set of challenges. In this ApartmentGuide article, we’ll dive into the pros and cons of living in Maine to give you some insight on what life is like in the “Pine Tree State.”

Renting in Maine snapshot

1. Pro: Stunning natural landscapes

Maine’s natural landscapes are breathtaking, offering residents and visitors a chance to immerse themselves in the beauty of its coastal areas, forests, and mountains. Acadia National Park, for example, provides a perfect backdrop for hiking, biking, and photography, showcasing the state’s rugged coastline and forest.

2. Con: Harsh winters

Maine experiences harsh winters with heavy snowfall, freezing temperatures, and icy conditions. This can make daily life challenging, from commuting to maintaining a home. The need for winter tires, snow removal equipment, and higher heating bills are common concerns during the colder months.

3. Pro: Rich maritime history

The state’s rich maritime history is a source of pride and a significant draw for history enthusiasts. Coastal towns like Portland and Bar Harbor are steeped in seafaring tradition, with museums, historic lighthouses, and waterfront dining that highlight Maine’s connection to the sea.

4. Con: Limited public transportation

Public transportation options in Maine are limited, especially in rural areas. This can pose a challenge for those who do not drive or prefer not to rely on a car. While major cities like Portland offer some public transit services, the transit score is 4, meaning the coverage is not extensive, and most errands require a car.

5. Pro: Vibrant local food scene

Maine’s local food scene is renowned for its emphasis on fresh, locally-sourced ingredients, especially seafood. Lobster, clams, and farm-to-table restaurants are abundant, offering residents and visitors a taste of the state’s culinary excellence. Portland, in particular, is known for its innovative eateries and food festivals like A Taste of Nations Food Festival.

6. Con: High taxes

Coming in at number 9 particularly in terms of property taxes and income taxes, Maine ranks among the states with some of the highest taxes in the nation. For instance, the property tax rate stands at 1.09% meaning those wanting to jump to homeownership may face a significant financial burden, which can impact overall affordability.

7. Pro: Close-knit communities

Maine is known for its close-knit communities, where neighbors often form strong bonds and support each other. This sense of community is especially evident in smaller towns like Camden and rural areas, where local events, farmers’ markets, and community gatherings are a staple of daily life.

8. Con: Limited nightlife and entertainment options

While Maine offers a tranquil and scenic living environment, it may lack the nightlife and entertainment options found in larger cities. Residents looking for a vibrant nightlife scene, extensive shopping, or a wide variety of cultural events may find the options in Maine more limited.

9. Pro: Quaint coastal villages

Maine’s quaint coastal villages, such as Camden and Bar Harbor, offer residents a picturesque setting with charming architecture, scenic harbors, and vibrant local culture. In Camden, residents enjoy strolling along the historic streets lined with boutique shops and art galleries, while in Bar Harbor, the bustling waterfront is dotted with seafood restaurants serving fresh lobster and clam chowder.

10. Con: Seasonal tourism impact

The influx of tourists during peak seasons, especially summer and fall, can lead to crowded attractions, increased traffic, and higher prices in tourist hotspots. While tourism is a vital part of Maine’s economy, it can sometimes detract from the quality of life for year-round residents.

11. Pro: Access to outdoor activities

Maine’s diverse landscape offers unparalleled access to a variety of outdoor activities, from skiing and snowboarding in the winter to kayaking, fishing, and hiking in the warmer months. The state’s natural beauty encourages an active lifestyle and provides endless opportunities for adventure and relaxation.

12. Con: Remote location

Maine’s remote location in the northeastern corner of the United States can make travel to and from other parts of the country more time-consuming and expensive. This can be a drawback for those who frequently travel for work or pleasure, or who have family and friends living in other states.

Methodology : The population data is from the United States Census Bureau, walkable cities are from Walk Score, and rental data is from ApartmentGuide.

Source: apartmentguide.com