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These streets will make you feel brand new. Big lights will inspire you.

The Big Apple is one of the most iconic places on Earth. New York City residents even go as far as to associate the concrete jungle with who they are as a person. With world-class museums, accessible public transportation, delicious restaurants, influential theatres and many famous landmarks, the city is truly a tourist’s paradise.

But while visiting is fun, moving to New York City may feel overwhelming. Between apartment hunting, navigating steep annual rent and the various boroughs of the city, the city feels like no other city.

In this guide, we’ll break down what you need to know before you pack your bags and set off to become a New Yorker.

Moving to New York: the complete Big Apple overview

New York City is the most populous city in the United States. Thinking of the city might conjure up images of the Empire State Building, the Statue of Liberty and the bright lights of Broadway.

However, there’s much more to the city than the tourist hotspots. New York City is divided into five boroughs: Manhattan, Brooklyn, Queens, the Bronx and Staten Island. Each has a distinctive personality, with different cultural influences and attractions.

While each area is different, here are some key figures to give you a glimpse of the city overall.

  • Population: 8,500,000
  • Population density (people per square mile): 29,302.6
  • Median income: $70,663
  • Average studio rent: $4,264
  • Average one-bedroom rent: $5,367
  • Average two-bedroom rent: $7,914
  • Cost of living index: 100

Popular neighborhoods in New York

Between all five boroughs, New York City has hundreds of neighborhoods to explore. But don’t let this intimidate you. They’re all connected by New York’s world-famous transit system, so you can peruse them at your leisure. Here are a few of our favorite neighborhoods to get you started.

  • Astoria: Astoria is located in Queens, just across the river from Manhattan’s Upper East Side. This charming neighborhood is made up of low-rise buildings and small businesses, giving it a more suburban feel than you might expect in the big city.
  • Riverdale: Who said you couldn’t get beautiful green spaces in New York City? Riverdale, located above Manhattan in the Bronx, is known for its natural landscapes. With Van Cortlandt Park, Wave Hill and stunning Hudson River views, this quiet residential neighborhood is ideal for New Yorkers who still want to enjoy the great outdoors.
  • West Village: The West Village, located in downtown Manhattan, perfectly encapsulates the New York you know from your favorite movies and TV shows. This charming spot is tucked inside the larger Greenwich Village. It features tree-lined streets, historic brownstones and plenty of well-preserved historical landmarks from the neighborhood’s bohemian past.
  • Upper East Side: The Upper East Side offers excellent residential options and world-famous cultural sites. Located between Central Park and the East River, the neighborhood offers plenty of places to get outside and explore. The Upper East Side is also home to Museum Mile, where more than a dozen art and history museums await.
  • Williamsburg: Williamsburg is a great example of New York’s diversity. The Brooklyn neighborhood has long been a place where cultures blend, with plenty of eclectic dining, art and entertainment options. It’s also known for its family-friendly atmosphere with parks and tree-lined streets.

The pros of moving to New York

New York, the city that never sleeps, holds a unique place in the hearts of its residents. There’s no place in the world quite like New York City and few cities that even come close to comparable. Here are just a few of the reasons that people love living in this city.

A true cultural melting pot

More languages are spoken in NYC than in any other American metro. With its long, rich immigration history, the city hosts a colorful blend of traditions, cuisines and lifestyles. Especially through the distinct boroughs of New York City, which each have its own unique personality and cultural identity.

From the vibrant energy of Manhattan to the artistic ambiance of Brooklyn, the historical charm of Queens, the green serenity of the Bronx and the island spirit of Staten Island, no matter where you go in New York, you’ll always have the opportunity to learn about a different culture.

No car required

New Yorkers love to complain about their subway system. However, even they secretly know they have it better than most people in the other cities. New York City’s subway serves more than 400 stations, making it a breeze to get where you need to be.

The subway map shows the subway also connects to numerous bus lines, ferry stops and commuter trains, giving riders even more options. From the Upper West Side to Staten Island, the subway is the easiest way to get around your new city.

There’s always something to do

Getting bored in NYC just might be impossible. The city boasts hundreds of restaurants, bars, museums, theaters and places to shop. New York City also has excellent parks, scenic riverfront trails and even beaches. Whether your ideal Saturday is spent at the Metropolitan Museum or taking a subway ride to walk the Brooklyn Bridge, you will never run out of places to explore.

The cons of moving to New York City

Of course, no city is perfect. Here are a few downsides that you should consider before you move to New York.

The high cost of living

New York City is one of the most expensive cities in America. Here, you can expect everything from your monthly rent to your groceries to cost a bit more. Space is also at a premium, so even expensive rentals tend to be smaller than what newcomers might be used to. Even your security deposit will be a tad pricier than you are probably used to.

It’s hard to avoid the crowds

NYC is the most densely populated city in America. As such, it can be hard to avoid the crowds when you’re out and about. Neighborhoods in midtown and downtown Manhattan can get particularly packed, so plan accordingly. Consider neighborhoods like Staten Island and Brooklyn when opting for a less densely populated area in New York, with all the same perks and amenities.

The realities of big-city living

Living in any big city can take some getting used to and New York is no exception. The city can be noisy, dirty and downright overwhelming. If you’re coming from a smaller city or town, New York may feel like a different planet. It’s best to visit the Big Apple during your apartment hunt to really get a feel for the space and pace of the city.

How to get started on your move to New York

New York is a city that’s in constant motion. But for the people who live here, no place feels more like home. If you’re ready to make New York your home, we’re here to guide you every step of the way. Find your perfect New York City apartment here, and get ready for your journey to the city that never sleeps.

Methodology

Rent prices are based on a rolling weighted average from Apartment Guide and Rent.’s multifamily rental property inventory of one-bedroom apartments. Data was pulled in October 2023 and goes back for one year. We use a weighted average formula that more accurately represents price availability for each individual unit type and reduces the influence of seasonality on rent prices in specific markets.

Population and income numbers are from the U.S. Census Bureau. Cost of living data comes from the Council for Community and Economic Research.

The rent information included in this article is used for illustrative purposes only. The data contained herein do not constitute financial advice or a pricing guarantee for any apartment.

Wesley is a Charlotte-based writer with a degree in Mass Communication from the University of South Carolina. Her background includes 6 years in non-profit communication and 4 years in editorial writing. She’s passionate about traveling, volunteering, cooking and drinking her morning iced coffee. When she’s not writing, you can find her relaxing with family or exploring Charlotte with her friends.

Source: rent.com

Apache is functioning normally

Apache is functioning normally

Philadelphia Federal Reserve President Patrick Harker advocated for stopping interest rate hikes, noting that disinflation is under way.

“I believe that we are at the point where we can hold rates where they are,” Harker said at the 2023 Mortgage Bankers Association Annual Convention & Expo in Philadelphia on Monday. “Disinflation is under way, labor markets are coming into better balance, and economic activity continues to be resilient…By doing nothing, we are doing something. And I think we are doing quite a lot.”

He told conference attendees that inflation is pegged to drop below 3% in 2024 and level at the 2% target thereafter.

As a voting member this year on the rate-setting Federal Open Market Committee (FOMC), his words carry weight as policymakers contemplate their moves for the upcoming meeting on Oct. 31. 

The central bank has raised interest rates in the 5.25% to 5.5% range since it started its campaign to tame inflation in March 2022. Policymakers foresee one more hike by the end of the year. The bulk of central bank officials expect to have interest rates finishing the year at around 5.6%.

While the headline personal consumption expenditure (PCE) inflation remained elevated in August at 3.5% year over year, it is down 3 percentage points from this time last year. 

The PCE price index excluding food and energy — the Fed’s preferred measure — increased by 0.1% in August, marking its smallest monthly increase since 2020.

September’s consumer price index (CPI) rose 3.7% year over year, holding steady with August’s annual gain and above economists’ expectations.

Harker noted​ there can be challenges in assessing the trends in disinflation and emphasized that he will not overreact to the normal month-to-month variability of prices. 

As for future policy, Harker emphasized that rates will need to stay higher for a while.

“You may have noticed that I didn’t tell you how long rates will need to stay high (…) I  can tell you I do subscribe the moniker, ‘higher for longer.’”

Harker noted outside factors that are working in parallel to further push down on inflation include the spring banking turmoil, tighter credit conditions and the resumption of student loan payments.

Strong underpinnings for the economy

Harker made clear his views on the economy – he does not anticipate a recession.

“GDP growth is outperforming estimates from earlier this year. I do expect GDP gains to continue through the end of 2023, before pulling back slightly in 2024. But do not conflate a more moderate rate of GDP growth as a contraction,” Harker said.

He expected unemployment to end the year at about 4%, above the current 3.8%. That rate is anticipated to increase slowly over the next year to peak around 4.5% before heading toward 4% in 2025. 

Harker, however, emphasized he does not expect mass layoffs across the country.

“This path would put the unemployment figure in line with the natural rate of unemployment, or that theoretical level where labor market conditions support stable 2% inflation,” Harker said. 

Source: housingwire.com

Apache is functioning normally

Apache is functioning normally

Nestled among the rolling hills of Los Angeles, the legendary neighborhood of Bel Air has long been synonymous with opulence and seen as the pinnacle of West Coast luxury living.

And for good reason.

Located directly across from the iconic Sunset Boulevard, the world-famous enclave — whose very name is associated with lavish estates, Hollywood glamour, and understated affluence — continues to captivate both the privileged few and those who aspire to call it home.

Bel Air’s reputation as an exclusive haven for the world’s elite is well-earned, and its prestigious zip codes are graced with stunning architectural marvels, each a testament to the grandeur and sophistication that defines the area.

With bigger lots and more expensive residences than the equally famous Beverly Hills (which sits merely a few miles away), Bel Air effortlessly combines the allure of old-world charm with the comforts of contemporary living.

The reasons behind Bel Air’s enduring appeal are as diverse as the people who are drawn to its lush landscapes and private estates.

Breathtaking canyon views, impeccably manicured gardens, and a sense of seclusion rarely found in the midst of a bustling metropolis are just some of the factors that make this neighborhood an aspirational address for many.

The allure of Bel Air isn’t solely about its extravagant homes; it’s about the lifestyle it offers — a unique blend of tranquility and proximity to the cultural heartbeat of Los Angeles.

Bel Air mansions for sale

Today, we’ll explore a curated list of the most extravagant mansions currently on the market in Bel Air, each a testament to the neighborhood’s unmatched desirability and exclusivity.

These residences are more than just houses; they represent a way of life that is the envy of the world. Join me as we embark on a journey through the opulent world of Bel Air real estate, where luxury knows no bounds.

#1 755 Sarbonne Road, Bel Air – $39,900,000

Photo credit: Anthony Barcelo courtesy of Westside Estate Agency

Villa Sarbonne, one of the most impressive Bel Air houses currently up for grabs, sits mere minutes away from the neighborhood’s famous The One mansion — developer Nile Niami’s record-breaking project, which was once listed for $500 million.

With an impressive 15,000 square feet of ultra-luxurious living space, Villa Sarbonne has 6 bedrooms, 10 baths, and a long list of amenities.

To name just a few, 755 Sarbonne Road features a private wine cellar, home theater, library, a gourmet home kitchen, and a separate chef’s kitchen, as well as a wellness center with a travertine-clad steam room.

Photo credit: Anthony Barcelo courtesy of Westside Estate Agency
Photo credit: Anthony Barcelo courtesy of Westside Estate Agency
Photo credit: Anthony Barcelo courtesy of Westside Estate Agency
Photo credit: Anthony Barcelo courtesy of Westside Estate Agency
Photo credit: Anthony Barcelo courtesy of Westside Estate Agency

Stand-out features include a sculptural staircase and a 5,000+ sq. ft. terrace with panoramic city-to-ocean views.

Photo credit: Anthony Barcelo courtesy of Westside Estate Agency
Photo credit: Anthony Barcelo courtesy of Westside Estate Agency

The property is listed with Kurt Rappaport at Westside Estate Agency, who shares the listing with The Agency founder Mauricio Umansky and Farrah Brittany, also with The Agency.

#2 10702 Levico Way, Bel Air, California – $30,950,000

Photo credit: Anthony Barcelo courtesy of Westside Estate Agency

This quintessential Bel Air mansion sits in the ultra-exclusive, guard-gated community of Levico Estates, on a massive 4.3-acre lot.

Photo credit: Anthony Barcelo courtesy of Westside Estate Agency

Featuring over 12,000 square feet with every conceivable amenity, the luxury property has 6 bedrooms, 9 baths, a stunning 2-story entry, a large living room, a library/office, a gourmet kitchen with family room, a gorgeous primary suite with dual baths and closets, a gym, and a wine cellar.

Photo credit: Anthony Barcelo courtesy of Westside Estate Agency
Photo credit: Anthony Barcelo courtesy of Westside Estate Agency
Photo credit: Anthony Barcelo courtesy of Westside Estate Agency
Photo credit: Anthony Barcelo courtesy of Westside Estate Agency

And while the opulent interiors definitely caught our eye, the amenity list continues as we step outside, where the generous 4+ acre lot has everything from an outdoor loggia to a pool house, championship tennis court, large lawns, and gardens — all opening up to 360-degree city and canyon views. 

Related: The ‘Fresh Prince of Bel-Air’ House Isn’t Even in Bel-Air

Photo credit: Anthony Barcelo courtesy of Westside Estate Agency
Photo credit: Anthony Barcelo courtesy of Westside Estate Agency

The trophy property at 10702 Levico Way is listed with Kurt Rappaport of Westside Estate Agency.

#3 1740 Bel Air Rd – $19,900,000

Photo credit: Trevor Tondro courtesy of the Fridman Group / Compass

As the listing puts it, this “masterpiece of artful design nestled in the secluded hills of Bel Air… immediately transports you to a level of world-class beauty, serenity, and tranquility from the moment you enter the privately gated driveway.”

Built in 2014, the massive 11,246-square-foot home sits on a generous one-acre lot located just a short drive from world-class luxury shopping, fine dining, and entertainment venues.

With 7 bedrooms, 10 baths, a beautifully appointed open-concept living space, and floor-to-ceiling windows that showcase killer views, the property at 1740 Bel Air Rd is rightfully touted as a private sanctuary.

Photo credit: Trevor Tondro courtesy of the Fridman Group / Compass
Photo credit: Trevor Tondro courtesy of the Fridman Group / Compass
Photo credit: Trevor Tondro courtesy of the Fridman Group / Compass
Photo credit: Trevor Tondro courtesy of the Fridman Group / Compass

The inviting living room fireplace, the spacious chef’s kitchen with an oversized island, slab natural stone countertops, and custom natural wood cabinetry all against a canyon backdrop, the spa-like primary suite, the indulgent home theater with bar, and studio, are all spaces where every detail has been carefully curated to evoke a sense of calm livability.

Outside, the property is equally impressive, with lush landscaping and mature trees that provide privacy and seclusion.

Photo credit: Trevor Tondro courtesy of the Fridman Group / Compass
Photo credit: Trevor Tondro courtesy of the Fridman Group / Compass

The luxury property is listed with Tomer Fridman of The Fridman Group at Compass.

#4 10901 Chalon Road – $16,495,000

Photo credit: Nils Timm courtesy of The Agency

In prime Bel Air, nestled behind mature Pepper trees and lush California landscaping, sits a 9,000-square-foot contemporary marvel with bespoke interiors by KNA Design and tranquil outdoor entertaining spaces.

The gated 6 bed/8 bath private residence boasts upscale finishes throughout (including oak wood, glass, natural honed stone and organic textures) and embodies California’s indoor-outdoor living to perfection.

Photo credit: Nils Timm courtesy of The Agency

With an elegant formal living room with a floor-to-ceiling marble fireplace and built-in-bar, vaulted ceilings, sky-high windows, and sliding doors that open into the expansive backyard, the Bel Air mansion also features a formal dining room with a walk-in wine closet and a showstopping kitchen with a large marble-clad center island and cozy breakfast nook.

Photo credit: Nils Timm courtesy of The Agency
Photo credit: Nils Timm courtesy of The Agency
Photo credit: Nils Timm courtesy of The Agency

The 10901 Chalon Road property also has a double-height ceiling living room upstairs, which connects four of the bedrooms, and a spacious primary suite that overlooks views of Bel Air from a private balcony connecting to the wellness area below.

Photo credit: Nils Timm courtesy of The Agency
Photo credit: Nils Timm courtesy of The Agency

The property is listed with David Parnes and James Harris (Bond Street Partners) and Monique Navarro with The Agency.

#5 14319 W Mulholland Drive – $8,350,000

Photo credit: Mike Kelley courtesy of Compass

A newly built contemporary home perched in the Bel Air mountaintop at the end of a winding, privately gated driveway, is looking for a buyer. And we doubt it will have any issues finding one, as the 4,500-square-foot home is quite the stunner.

Photo credit: Mike Kelley courtesy of Compass

With three bedrooms, four baths, a grand double wooden staircase separated by a glass walkway, upper-level tranquil gardens with lounge areas, and a rooftop garden area, the 2023-built home is far from your ordinary home.

The lower level hosts a generously sized living space where we find the great room, a wet bar for entertaining, and an impeccably designed chef’s kitchen — that boasts a sleek, contemporary dark color palette and custom stacked cabinetry.

Photo credit: Mike Kelley courtesy of Compass
Photo credit: Mike Kelley courtesy of Compass
Photo credit: Mike Kelley courtesy of Compass
Photo credit: Mike Kelley courtesy of Compass
Photo credit: Mike Kelley courtesy of Compass

Outside, we find a true backyard oasis with several seating areas, an infinity edge pool, an al fresco dining area, and a custom built-in bar.

Photo credit: Mike Kelley courtesy of Compass
Photo credit: Mike Kelley courtesy of Compass

And while it’s hard to believe that this is the most affordable property out of all the beautiful Bel Air mansions we went over today, it’s the only one that sports a price tag under $10 million. Listed for $8,350,000, 14319 W Mulholland Drive is repped by Tomer Fridman with the Fridman Group at Compass.

All the above Bel Air mansions for sale are representative of the caliber of homes in the sought-after Los Angeles neighborhood. And we’ll be keeping an eye out for new listings popping up on the market, as well as notable sales in the area, to provide you with a comprehensive resource on the most extraordinary Bel Air houses making moves on the Los Angeles real estate scene.

If you’re a real estate professional with equally impressive listings in the Bel Air area, you can reach out to us at [email protected] and submit them for consideration.

More stories

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A striking $150M modern mansion could set a new record for Bel Air

Wonderfully Witchy: The Full Story of the Spadena House in Beverly Hills

Source: fancypantshomes.com

Apache is functioning normally

Apache is functioning normally

Five billion. That’s how many views the hashtag #darkacademia currently has on TikTok (at time of publication, that is). For that past two years, the gothic, moody aesthetic trend has been slowly cooking, simmering in the shadow of Barbiecore. But now with fall in full view, it is at a pronounced boil, poised for imminent takeover. In fact, data research from Bathroom Deal has revealed that over the past month there has been a surge of over 20% in Google searches for ‘Dark Academia,’ with the term being searched a some 60,000 times every month. And while fashion has already fully embraced the trend (as evidenced on recent runways this year), it seems the home decor space is just now jumping on the bandwagon. So, if you’re looking to refresh your space for the cooler months ahead, a touch of dark academia could be just the ticket.

“True to its name, the dark academia aesthetic is traditionally characterized by deep, moody and shadowy colors,” says Carla Morano, co-founder and chief marketing officer of Toronto-based wallpaper brand, Fine & Dandy Co. “The look does require some boldness — for example, applying these hues to the walls with a striking wallpaper that’s rich in color and pattern.”

Morano recommends a deep damask or murky toile works well for this trend, or a gorgeous landscape mural like Fine & Dandy Co.’s Babylon wallcovering, which she says “resembles a rich Belgian tapestry, or our Vapour – Storm mural, any and all of which will instantly create a distinctive and dramatic yet elevated space.”

David Samuel Ko, the Los Angeles-based interior designer behind studio Maison Ko agrees that walls are the best way to start when tackling the dark academia look. “You will definitely want to paint your space in a darker shade of what you are leaning towards,” he tells TZR, noting key colors like plum, bordeaux, charcoal grey, walnut brown, and of course, black. From there, “you can also adjust your lighting and only use lamps or decorative fixtures, versus overhead.”

In addition to the cool, sophisticated atmosphere, Warren Kinloch, bathroom interior expert at Bathroom Deal says a darker, dimly lit room can make for a sleep-friendly space, making this aesthetic ideal for a bedroom or bathroom. “These dark colors create a unique ambiance that can actually help you unwind after a long day,” he says to TZR. “The association between darkness and nighttime can contribute to a healthier evening routine, setting the stage for a restful night’s sleep.”

As for furniture, rich dark woods and leathers, antique gold and copper finishes, and Baroque-style pieces can help you drive the look home. If this feels a bit too off-brand for your space, you can always embrace the trend in more subtle ways. “Putting your art and prints in more of an antiqued and ornate frame is also a way to incorporate this look without going all in,” says Ko. “Mixing and matching throw pillows and blankets that are of more luxurious fabrics (velvet, corduroy, plaid wool, etc.) will also easily bring the dark academia style to life.”

Now, a colder season lends itself nicely to a gloomy — and spooky — aesthetic such as this, but what if you want to make it work year round? Ko ensures it can be done, although it’s important to choose a wall color that doesn’t seem too seasonal and work around that. “Also bringing life to the space with personal touches, books, and other memorabilia will make the space feel more lived in versus a current trend that you’re into,” he reasons. “This isn’t necessarily the time to be neutral, but you definitely don’t want your space to feel like one big Halloween decoration, so balancing this gothic and moodier style with elements that still feel like you [is crucial].”

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Source: thezoereport.com

Apache is functioning normally

Apache is functioning normally

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations.
Disclosure regarding our editorial content standards.

The credit score was invented in 1989 to make credit reports more actionable for lenders.

Credit scores affect many parts our lives: whether we qualify for a loan, what interest rate we pay, even where we can rent or whether we get our dream job. But that three-digit number is a relatively new invention—the credit score was invented in 1989, less than 50 years ago.

Understanding the origins of the credit score can help you better comprehend why lenders use it and how to improve your financial situation. 

When Credit Scores Were Invented

People have borrowed and lent money for centuries. In the early days, storekeepers and lenders only extended credit to people they knew, or they would ask people they respected in town for their views on a person’s credit risk. This informal credit reporting system was highly localized and incredibly subjective. 

But as credit became more critical to daily life and people began to move around more, the need for a more widespread credit reporting method arose.

The 1800s: The Rise of Credit Reporting Agencies

After the Panic of 1837 (partly caused by easy access to credit), Lewis Tappan recognized that businesses might benefit from a better understanding of who to issue credit to. In 1841, he formed Tappan’s Mercantile Agency, the first credit reporting agency in America, to meet this need.

His company hired “correspondents,” reliable men (often attorneys and ministers) who would investigate people’s standing in their communities and report it to the central office. They would then add the information to a central ledger in New York City. Many businesses subscribed to the Mercantile Agency to view these reports before issuing credit. 

Tappan was a strict abolitionist, so he only worked with businesses in free states, so other credit reporting agencies began to spring up to work with businesses in the South. Hundreds of these credit reporting agencies existed all over the country by the end of the Civil War, but the system had a few problems:

  1. Each agency had different information based on who they hired as correspondents.
  2. Information was highly subjective and included information about a person’s race, gender, and overall moral character, which allowed bias to play a role in lending decisions.
  3. Lenders didn’t know how to interpret the information in the credit reports because they were so subjective, and lenders often didn’t know the person applying for credit.

As more people began to access credit to purchase items like cars and homes in the late 1880s and early 1900s, these credit reporting agencies continued to thrive.

1950s and 1960s: Digitizing Credit Reports

This system was still in place in the 1950s when the ability to digitize records meant that some standardization could occur. Larger agencies started buying their smaller counterparts for additional data they could add to their reports, and national credit bureaus began to form. 

In 1956, Bill Fair and Earl Isaac created Fair, Isaac, and Company to make credit reports more actionable for lenders. They used the data in a credit report to perform a statistical analysis that would inform a lender of a person’s credit risk. What resulted was a more analytical approach to interpreting credit reports, but each business or lender had its own algorithm based on the factors they prioritized.

As records continued to be digitized, many people became concerned about the surveillance being done to gather credit information and discriminatory practices in credit reporting. People also realized that credit mistakes would be available forever and could potentially hurt people’s ability to borrow for their entire lifetimes. The Fair Credit Reporting Act of 1970 put several protections into place, including:

  • Removing data related to race, sexuality, and disability from credit reports 
  • Requiring credit reporting agencies to delete information after seven to 10 years, depending on the type of data

1989: The FICO Credit Score

While more effective for lenders than the previous system, scores varied widely based on a company’s priorities. 

The credit reporting bureaus wanted something more standardized, so they partnered with Fair, Isaac, and Company (now known as FICO®) to create the FICO Score, a national scoring model for everyone. The FICO Score debuted in 1989 and quickly became popular with lenders, who no longer needed to hire companies to create their own algorithms. Consumers, who could now know their credit score before applying for a loan, also appreciated the FICO Score.

In the 1990s, the FICO Score cemented itself as part of the lending landscape when Fannie Mae and Freddie Mac began requiring the score as part of mortgage applications. 

VantageScore and Other Credit Scores

In 2006, the three major credit reporting bureaus—Equifax®, Experian®, and TransUnion®—launched the VantageScore®, an alternative to the FICO score. There have been four iterations of the VantageScore since 2006, and the latest version incorporates trended credit data, which includes monthly data points over 24 months. It also utilizes machine learning and does not factor medical debt into its algorithms.

Each major credit reporting bureau also has its own proprietary scoring models that lenders may also consider:

  • Equifax Credit Score
  • Experian PLUS Score
  • TransUnion CreditVision New Account score

Despite these options, most top lenders use the FICO Score.

Why Credit Scores Were Invented

Before the credit score, lenders determined a person’s credit risk based on credit reports, which include:

  • Personal information
  • Account information
  • Hard inquiries into your credit
  • Public financial records such as liens or bankruptcies

Often, lenders weren’t sure how to interpret your credit report, which led to bias in lending decisions and general confusion for consumers regarding whether they would be approved for a loan when they applied.

The credit score was invented to standardize the lending process to make it faster and more equitable. It prevented lenders from using racial, gender, and class bias when determining someone’s credit risk. 

Problems With Modern Credit Scoring

While credit scores eliminated the problems of previous credit reporting systems, they aren’t perfect. Here are a few issues with modern credit scoring:

  • Inappropriate use of credit scores. When the credit score was originally invented, its sole purpose was to determine credit risk for loans. Now, lenders, landlords, and employers often use it to determine a person’s level of responsibility, which can influence car insurance rates and hiring decisions.
  • Upholding social hierarchies: People with low credit scores, or the roughly 10% of Americans with no credit history, are often denied access to loans or credit cards. When they receive a loan, they often have to make a larger down payment and pay more in interest.
  • Racial disparities: While the Fair Credit Reporting Act of 1970 removed the use of race as an explicit factor in one’s credit, institutional racism may still impact the remaining factors. For example, redlining continues to prohibit many Black Americans from purchasing a home, preventing them from building wealth through homeownership. As a result, their credit length and payment history, two factors that impact your credit score, may be shorter. This may explain why multiple studies have shown that racial minorities have lower credit scores than white people. 
  • Inaccurate information: A recent study found that 34% of people have at least one error on their credit report. These errors can lower your credit score, resulting in you paying more in interest. While you can dispute errors on your credit report, it may take time to see an increase in your credit score.

These problems could result in you paying more in interest for a loan or being denied the loan altogether. 

The Future of Credit Scores

Credit scores have changed since they were invented and will continue to do so as consumer spending and technology change. Here are a few trends that may impact how credit bureaus determine your credit score in the near future:

  • Buy Now, Pay Later (BNPL): Also called point-of-sale (POS) installment loans, BNPL plans allow you to divide purchases into lower monthly payments, often without interest. Currently, these short-term loans aren’t reported to a credit bureau unless you don’t make your payments, but that may change as technology advances to allow real-time data and these become more popular with consumers.
  • AI and Machine Learning: Experts are currently debating the use of AI and machine learning to automate and improve credit scoring. Some parties claim it will result in more accurate credit risk assessments and allow credit reporting to occur in real time, making it more accurate. Others are concerned about the potential invasion of privacy and the ethical use of data since AI is only as good as the data it is fed.
  • Inclusion of alternative data: Nearly 37 million Americans are credit underserved, meaning they have little to no credit history. As a result, they are unable to get access to credit. To help the credit invisible gain credit, credit reporting companies have begun considering alternative data, called consumer-permissioned data, including bank account information and monthly payments like rent, utilities, and streaming subscriptions. Currently, consumers can choose to share this information with lenders and then retract access once they’ve built credit, but this information could begin factoring into everyone’s credit score since AI can make this data easier to use.

Track Your Credit Score With Credit.com

Your credit score is one of the most important numbers in your life. Understanding the history of the credit score and its challenges can help you in your journey to improve your credit. As technology continues to advance, stay informed on the latest updates to credit scoring and take proactive steps to manage your credit with Credit.com.

Source: credit.com

Apache is functioning normally

Apache is functioning normally

Settle down in one of Denver’s top suburbs.

The Mile High City offers an incredible blend of excitement and natural beauty. Yet, for those looking to enjoy the best of Colorado living with a touch more tranquility than Denver proper, the suburbs surrounding Denver have become increasingly attractive.

Each suburb has its distinct characteristics and presents unique opportunities for current residents and anyone curious about making the move. Let’s count down the top Denver suburbs, highlighting what makes each one an exceptional place to call home near the capital city.

  • Population: 45,191
  • Average age: 40.2
  • Median household income: $82,997
  • Average commute time: 26.5 minutes
  • Walk score: 40
  • Studio average rent: $1,300
  • One-bedroom average rent: $1,999
  • Two-bedroom average rent: $2,259

Littleton boasts picturesque streets lined with well-preserved buildings and provides residents with a walkable Historic Downtown area where they can enjoy local shops, cafes and more. Littleton’s location ensures easy access to the natural beauty of Colorado and the bustling life of Denver, making it an ideal choice for those seeking a balance between city attractions and suburban comfort.

Three great apartment complexes in Littleton

Littleton is also recognized for its excellent educational institutions and family-friendly atmosphere. Residents of Littleton benefit from solid schools, expansive parks and tons of recreational facilities, ensuring that families have ample opportunities for growth and play.

  • Population: 156,605
  • Average age: 38.5
  • Median household income: $71,233
  • Average commute time: 27.2 minutes
  • Walk score: 43
  • Studio average rent: $1,375
  • One-bedroom average rent: $1,715
  • Two-bedroom average rent: $2,109

Among the many Denver suburbs, Lakewood shines as a place that effortlessly balances urban amenities with nature’s splendor. Situated just west of Denver, Lakewood has the advantage of being close to the city’s core, while also providing a gateway to the breathtaking Rocky Mountains. The area is dotted with serene lakes and parks, giving locals a refreshing escape from the urban hustle, right at their doorsteps.

Three great apartment complexes in Lakewood

Lakewood has grown to be one of the most sought-after Denver suburbs, in part due to its beautiful neighborhoods, reputable schools and diverse shopping destinations. This suburb also prides itself on fostering a sense of community with frequent local events and festivals, promoting connection among its residents.

  • Population: 19,871
  • Average age: 35.0
  • Median household income: $80,338
  • Average commute time: 24.4 minutes
  • Walk score: 42
  • Studio average rent: $1,950
  • One-bedroom average rent: $2,079
  • Two-bedroom average rent: $2,184

Often referred to as the gateway to the Rockies, Golden distinguishes itself among Denver suburbs with its rich history and magnificent natural surroundings. The former gold rush town is mostly known as the birthplace of Coors Brewery, Golden retains a charming small-town feel while offering residents plenty of attractions, making it an easy pick for any best suburbs list. The presence of the Colorado School of Mines, a world-renowned engineering university, infuses the suburb with a sense of innovation and intellectual curiosity.

Three great apartment complexes in Golden

This Denver suburb is not just about academic pursuits or historical landmarks. Golden offers residents unparalleled outdoor opportunities, with its proximity to Clear Creek and the surrounding mountains, making it a haven for hikers, bikers and nature enthusiasts of all types.

  • Population: 123,436
  • Average age: 40.0
  • Median household income: $96,677
  • Average commute time: 27.6 minutes
  • Walk score: 35
  • Studio average rent: $1,055
  • One-bedroom average rent: $1,361
  • Two-bedroom average rent: $1,628

As one of the premier Denver suburbs, Arvada merges the charm of historic architecture with modern living. Olde Town Arvada stands as a testament to this, where red-brick streets meet contemporary shops, cafes and entertainment venues. This suburb’s location, bridging the excitement of Denver with the sprawling beauty of Colorado’s massive landscapes, provides an ideal setting for those who appreciate accessibility without compromising on scenic views.

Three great apartment complexes in Arvada

Within the Denver suburbs, Arvada is celebrated for its community-centric ethos. Families love the stellar schools, expansive parks and top-notch rec facilities that dot the area. Regular community events foster a strong sense of belonging, making Arvada a desirable destination for individuals seeking a harmonious blend of city proximity and suburban calmness.

  • Population: 60,313
  • Average age: 35.3
  • Median household income: $114,802
  • Average commute time: 26.7 minutes
  • Walk score: 21
  • Studio average rent: $1,831
  • One-bedroom average rent: $2,984
  • Two-bedroom average rent: $3,578

Standing tall among the Denver suburbs, Parker has a harmonious blend of open spaces and contemporary attractions. This suburb is renowned for its sprawling parks, extensive trail systems and picturesque open lands. Being one of the fastest-growing towns in the Denver metro area, Parker manages to retain its warm, community-driven atmosphere while evolving to cater to the needs of its growing population.

Three great apartment complexes near Parker

Parker exhibits a distinct commitment to community engagement and development. With a quality education system, state-of-the-art recreation centers and a bustling downtown area, residents have access to everything they need right within their reach. Frequent town events, from farmers markets to art fairs, further enhance this strong sense of camaraderie.

  • Population: 14,206
  • Average age: 40.9
  • Median household income: $113,653
  • Average commute time: 23.6 minutes
  • Walk score: 33
  • Studio average rent: $1,650
  • One-bedroom average rent: $1,992
  • Two-bedroom average rent: $2,563

Located just south of the Mile-High City in Douglas County, Lone Tree boasts upscale residential communities, a modern arts center and the expansive Park Meadows Mall, ensuring that residents enjoy a mix of leisure, shopping and entertainment options without needing to venture far.

Three great apartment complexes in Lone Tree

Positioning itself uniquely in the realm of Denver suburbia, Lone Tree is full of parks, trails and other pristine recreational facilities, underscoring the Coloradan love for the outdoors. This suburb prioritizes a well-balanced lifestyle, with its focus on community development, excellent educational institutions and a well-maintained infrastructure.

  • Population: 114,651
  • Average age: 37.2
  • Median household income: $80,355
  • Average commute time: 26.7 minutes
  • Walk score: 35
  • Studio average rent: $1,689
  • One-bedroom average rent: $1,939
  • Two-bedroom average rent: $2,642

Perfectly positioned between Denver and Boulder, Westminster provides an unmatched suburban experience. This city seamlessly integrates urban sophistication with expansive green spaces, ensuring that all locals enjoy the best of both worlds. The presence of Standley Lake and numerous parks provide opportunities for recreation, relaxation, and a genuine connection with nature while remaining conveniently close to metropolitan hubs.

Three great apartment complexes in Westminster

Westminster’s dedication to community well-being and development is evident. The suburb boasts a range of shopping and entertainment areas, ensuring that convenience is never compromised. In Westminster, the synthesis of accessibility, natural beauty and community creates an ideal setting for those looking for a well-rounded suburban life near Denver.

  • Population: 76,353
  • Average age: 35.5
  • Median household income: $113,585
  • Average commute time: 29.1 minutes
  • Walk score: 11
  • One-bedroom average rent: $2,070
  • Two-bedroom average rent: $2,720

Situated to the south of the Denver metropolitan area, Castle Rock stands out among Denver suburbs with its distinctive character, shaped by natural landmarks and modern conveniences. The town’s namesake, an iconic rock formation, offers not only a unique geographical marker but also serves as a symbol of the community’s strong connection to the scenic beauty of Colorado.

Three great apartment complexes in Castle Rock

In its evolution as one of the preferred Denver suburbs, Castle Rock has prioritized finding the right blend of residential, commercial and open green spaces. The town’s emphasis on family-friendly neighborhoods, quality schools and a variety of shopping options ensures that residents have everything they need right outside their doors.

  • Population: 15,495
  • Average age: 42.7
  • Median household income: $129,416
  • Average commute time: 22.1 minutes
  • Walk score: 13
  • Studio average rent: $1,680
  • One-bedroom average rent: $3,828
  • Two-bedroom average rent: $5,833

Greenwood Village stands out among Denver suburbs with its enticing combination of upscale residential living and flourishing business districts. Located in the heart of the Denver Tech Center, this suburb offers residents the opportunity to live in opulent neighborhoods and also enjoy the convenience of being close to several noteworthy companies, including IBM and Comcast.

Three great apartment complexes near Greenwood Village

Within the panorama of Denver suburbs, Greenwood Village’s commitment to quality of life is evident in its vast parklands, great schools and modern recreational facilities. The suburb has successfully created an environment that caters to family life and professional growth.

  • Population: 106,966
  • Average age: 41.3
  • Median household income: $109,767
  • Average commute time: 26.2 minutes
  • Walk score: 35
  • Studio average rent: $1,827
  • One-bedroom average rent: $1,975
  • Two-bedroom average rent: $2,591

One of the newer municipalities around Denver, Centennial has rapidly grown in popularity due to its dedication to maintaining green spaces, fostering community connection and promoting local businesses. Its strategic location near major highways ensures that those living in Centennial have easy access to Denver’s core, while still enjoying the benefits of suburban life.

Three great apartment complexes in Centennial

Distinguishing itself in the landscape of Denver suburbs, Centennial prioritizes family-focused amenities. The suburb boasts numerous parks, modern rec centers and a commitment to quality education, all pivotal in shaping a wholesome suburban environment.

The mountain views are calling you to Colorado’s top suburbs

The suburbs surrounding Denver each offer a unique offering of experiences, amenities and lifestyles. From the upscale neighborhoods of Greenwood Village to the scenic beauty of Castle Rock, there’s a suburb to fit every preference and lifestyle whether you’re looking to the north, south, east or west of Denver, Colorado.

As Denver continues to grow and evolve, its suburbs have become prime destinations for people looking for proximity to a bustling city and the serene comfort of suburban living. Whether you’re a native Coloradan or considering a move to the area, these Denver suburbs stand out with exceptional apartment options for a balanced, fulfilling lifestyle in Colorado.

Source: rent.com

Apache is functioning normally

Apache is functioning normally

In San Francisco’s quaint, upscale community of Russian Hill, home to the famously crooked Lombard Street, a 4-bedroom home is now up for grabs.

And it comes with some of the best views money can buy.

Beautifully updated, the 4-bedroom, 2-bathroom single-family home features the timeless architecture typical for the area, and a rooftop terrace with a wet bar and phenomenal views of the San Francisco area facing south, west, and north — including views of Lombard Street which is a crossroad for this home.

Lombard Street, San Francisco. Photo credit: Aerial Canvas courtesy of Coldwell Banker Realty

Located at 2300 Leavenworth St, on the northeast corner of Leavenworth and Lombard, the 1913-built property is part of the historic Castle Court gated community — which has ties to the Fay family (Fay Brothers Soap Factory founder David Fay owned a house here too, later rebuilt by his descendants and now known as the Fay-Berrigan House and Park).

Listed for $3,495,000, the ideally located San Francisco home is listed with The Swann Group, affiliated with Coldwell Banker Realty.

Inside, the entry level offers a spacious flex space for a media room, office, or guest space, with a full bath and gym. The main living floor is up one level and features an open kitchen, dining, living, and office with South, West, and Northern views.

Photo credit: Aerial Canvas courtesy of Coldwell Banker Realty
Photo credit: Aerial Canvas courtesy of Coldwell Banker Realty
Photo credit: Aerial Canvas courtesy of Coldwell Banker Realty
Photo credit: Aerial Canvas courtesy of Coldwell Banker Realty
Photo credit: Aerial Canvas courtesy of Coldwell Banker Realty
Photo credit: Aerial Canvas courtesy of Coldwell Banker Realty
Photo credit: Aerial Canvas courtesy of Coldwell Banker Realty

The top floor has three bedrooms, a full bath, and direct access to the rooftop terrace.

A true showstopper that makes the most of the home’s great San Francisco location, the rooftop terrace offers picture-perfect views of Alcatraz, Coit Tower, the Bay Bridge, the skyline of the financial district, and the world-renowned flowering crooked street.

Photo credit: Aerial Canvas courtesy of Coldwell Banker Realty
Photo credit: Aerial Canvas courtesy of Coldwell Banker Realty
Photo credit: Aerial Canvas courtesy of Coldwell Banker Realty
Photo credit: Aerial Canvas courtesy of Coldwell Banker Realty
Photo credit: Aerial Canvas courtesy of Coldwell Banker Realty

Its sought-after location in Russian Hill places it mere moments away from the excellent amenities of Hyde Street, North Beach, the Polk Street corridor, and Fay Park.

More San Francisco homes

The real ‘Full House’ house in San Francisco and where to find it

Mrs. Doubtfire’s house is hiding in plain sight in San Francisco

San Francisco’s Most Famous Houses: How Much are the ‘Painted Ladies’ Worth?

Source: fancypantshomes.com

Apache is functioning normally

Apache is functioning normally

Efficiency, Wire-Fraud, Subservicing, VOE Products; CFPB News for Lenders

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Efficiency, Wire-Fraud, Subservicing, VOE Products; CFPB News for Lenders

By:
Rob Chrisman

Thu, Oct 12 2023, 11:10 AM

Today is 101223. Of course you know, by looking ahead to the last day of 2023, that it will be 123123. By then, how many times do you think you’ll hear, “Due to a strategic decision, we’ve decided to…”? Those lenders looking at volumes for the next several months may be wary or even frightened. As if volumes aren’t scary enough, there are only 19 days until Halloween! Where are you going to be trick-or-treating this year? There are some good candidates out there that my cat Myrtle may fly into on her broomstick: Tombstone (AZ), Slaughter Town (LA), and Seven Devils Town (NC) are at the top of her list. The U.S. Census Bureau reports that there are roughly 128.5 million occupied U.S. housing units that could be potential stops for trick-or-treaters. If you’re at one of those and are expecting trick-or-treaters, there are 3,227 U.S. confectionery and nut stores and 726 U.S. formal wear and costume rental establishments. (Today’s podcast can be found here. This week’s is sponsored by NotaryCam, your partner for The Perfect Close! Ease of use, additional closing compliance, better borrower experience, reduced timelines, and cost savings, what is stopping you from getting on the RON train with NotaryCam? Listen to an interview with NotaryCam’s Suzanne Singer on why Remote Online Notarization (RON) hasn’t taken off like many would have hoped.)

Lender and Broker Software, Products, and Services

“Harness insights from the upcoming MBA Annual Convention and Expo by creating a meaningful strategy for innovation! It can be difficult to buy advancing industry technology anytime during the year, but this can be the best time to introduce a simple, sophisticated, easy-to-implement solution that will solidify your vision for 2024. Our recent blog, ‘Tapping Innovation to Ignite Change Automation for Mortgage Servicing,’ highlights smart workflow, what you’re missing if you haven’t embraced digitization, and how to leverage AI while avoiding the risk of emerging technology. These are important elements of surviving and competing in today’s complex and volatile mortgage landscape. Don’t miss the chance to embrace industry-proven innovation: Let CLARIFIRE® do your heavy lifting while you capture a better approach, better results, and better software… today!”

“We know your #1 goal for next week’s MBA Annual23 is finding the best Philly cheesesteak. So, what’s #2 on your list? If it’s streamlining your mortgage lending or unlocking cost-saving strategies, then this is your sign to schedule time with Certified Credit at MBA Annual23! Backed by the power of automation, Certified Credit’s Cascade solutions can speed up your time to close, improve borrower satisfaction, and standardize your operations. Their Cascade products automate your lead generation, VOE, UDM, borrower retention, and more. By delegating these tasks to technology, you can spend more time managing and growing your market share and less time on manual processes. Paired with milestone ordering, Cascade’s automation can take your operational efficiency to new heights with customized workflows for your unique operation. Make your solutions work for you, not the other way around with Certified Credit!

“We’re hearing that lenders are focusing on ramping up their tech stacks and (most importantly) focusing on the quality of the data powering that technology. Budgeting for 2024 has already begun, and you may be considering taking your company’s tech stack to the next level as part of next year’s activities. You need to look for a property data provider that delivers the most comprehensive data through the best channels to meet your unique business needs. That’s why we’re highlighting First American Data & Analytics. They’re more than just a data provider – they offer end-to-end solutions for the mortgage lifecycle. From detecting fraud and risk to providing valuation solutions, First American Data & Analytics enables lenders to make informed, data-driven decisions. If you’re ready to have access to the most accurate, complete, and current data, reach out to the team and get a free sample of their data sets.”

“Working to Provide the Best Homeowner Experience! Cenlar is more than just a mortgage subservicer. We strive to be our clients’ trusted partner each and every day. And a big part of that is how we care for our clients’ homeowners. A home is most likely someone’s largest asset. That’s why we are continuously evolving to provide the best homeowner experience. Whether that’s the regular cycle of onboarding, escrow, monthly payments and year-end or challenges facing homeowners like natural disasters, we are responsive, anticipatory and always caring. Let’s discuss how Cenlar can meet the mortgage servicing needs of your organization. Call 1-888-SUBSERV (782-7378) or visit here. We want to be your trusted partner, each and every day.”

FundingShield, the market leader in wire-fraud prevention, released its Q3-2023 Fraud Report showing 49.2 percent of transactions had deficiencies last quarter. Q3 yielded an all-time high for closing agent insurance coverage issues indicating more parties failed to maintain coverage per lender requirements. FundingShield’s CEO, Ike Suri, commented, “Tech-innovations that have been deployed by mortgage companies have helped bring down closing costs, however emerging technologies being introduced such as AI -driven microservices continue to add new vulnerabilities and gaps that can be exploited by threat actors. We expect this trend to continue to rise.” FundingShield Announced its Partnership with SitusAMC delivering integrated wire- fraud prevention services. FundingShield’s live ecosystem of escrow/title/settlement agent source bank data is the largest in the industry with 95 perecent+ coverage. Clients of SitusAMC’s warehouse lending platforms ProMerit and WLS now benefit from direct access to FundingShield’s cost-saving, risk-reducing, live ecosystem via API and data integrated solutions delivering bank account verifications, data integrity and counterparty compliance. Contact us.

VIPs get the best seats, the best service, and the best tech. From securitization to servicing, Wolters Kluwer gives you the VIP experience with integrated eMortgage technology solutions. Wolters Kluwer provides you with expert solutions to increase your lending efficiencies and support regulatory compliance efforts, at the right size and level of service for your business. From document preparation with eSign technology to eVault and eRecordation, Wolters Kluwer’s integrated suite of digital solutions is supported by decades of compliance expertise. Arrange a brief meeting with an expert today to learn more and become a Wolters Kluwer VIP. Or, meet with us at MBA Annual next week and drop by booth 903 to learn more.

The Consumer Finance Protection Bureau in the News

As noted in yesterday’s Commentary, the regulatory environment is something that lenders, and vendors, must deal with constantly. The CFPB suing Freedom Mortgage is an example of that. The CFPB is doing other things as well, like…

The CFPB announced threshold adjustments under TILA (Regulation Z) issuing a final rule amending the official interpretations for Regulation Z, which implements the Truth in Lending Act (TILA). These adjustments are applicable January 1, 2024, consistent with relevant statutory or regulatory provisions.

The CFPB announced it is beginning a rulemaking process to remove medical bills from Americans’ credit reports. The CFPB outlined proposals under consideration that would help families financially recover from medical crises, stop debt collectors from coercing people into paying bills they may not even owe, and ensure that creditors are not relying on data that is often plagued with inaccuracies and mistakes.

The CFPB Advisory Opinion (AO) clarifies that certain fees charged by banks to fulfill consumer information requests violates the Consumer Financial Protection Act (CFPA). The CFPB views these fees as impeding a consumer from exercising its right to receive account information in a timely manner. The CFPB has already addressed surprise overdraft, insufficient (NSF), and return check fees in an October 2022 compliance bulletin. In a 2021 report, the CFPB stated that overdraft and NSF fees, periodic maintenance fees, and ATM fees represented about 83 percent of all checking account fees. The AO would eliminate fees that represent a portion of the other 17 percent of checking account fees.

Capital Markets

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, MCT continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged. MCT Marketplace is liquidity. We connect buyers and sellers in a unique, digital auction regardless of counterparty approval status. Through our patent-pending technology, sellers have access to the most robust set of take-outs, while buyers are seamlessly connected to the largest community of sellers in the U.S. Join MCT’s Phil Rasori, Paul Yarbrough, and Justin Grant on October 25 at 11 A.M. Pacific for a practical guide to maximizing your loan trading profits during a one-hour webinar. You’ll leave ready to analyze performance and make actionable changes to boost profitability.

Striking workers, whether they are writers or MGM workers in Las Vegas or, now, UAW Ford truck workers walking out on Wednesday in Tennessee, negatively impact the economy. And that can slow things down, indirectly doing the Fed’s work for it. Interestingly, rates have indeed come down. After strong payrolls to close last week sent the benchmark U.S. 10-year Treasury note (though we discussed on yesterday’s weekly Mortgage Matters show how a better benchmark is the 5-year or 7-year) 20 basis points higher to 4.78 percent and the 30-year yield climbing 24 basis points to 4.94 percent, the highest level since September 2007, rates have dropped this week in response to both geopolitical turmoil in the Middle East and dovish remarks from Federal Reserve officials.

Loan originators know, however, that mortgage price makers didn’t really chase the rally, choosing to leave recipes as is. The narrative has shifted from how high rates need to go to how long rates need to be kept at restrictive levels for inflation to fall to an acceptable level for the Fed. The Minutes from the September FOMC meeting were released yesterday and revealed that U.S. Federal Reserve policymakers agreed that policy should remain restrictive for a while to come, though noting that the risks of overtightening had to be balanced against keeping inflation on a path toward 2 percent. As a result, the probability of a 25-basis points rate hike at the November 1 FOMC meeting slid to below 10 percent.

Are markets getting ahead of the Fed again? The market looked past a view from those FOMC Minutes that a majority of participants judged one more rate hike would likely be appropriate at a future meeting. That was despite learning yesterday that inflation at the wholesale level (the change in the price of raw or intermediate inputs as they enter the production process) is rising faster than expected, reflecting rising commodity prices, particularly energy (approximately 40 percent of the increase was attributed to gasoline). The Producer Price Index rose 0.5 percent month-over-month and 2.2 percent year-over-year. Before we view the report too negatively, it’s much better than the 11.7 percent annual rate that PPI hit in March 2022. Markets are looking for no hike at the upcoming Fed meeting knowing that the jump in long-term rates since the last FOMC meeting has effectively done the Fed’s rate hike work for it, as several Fed officials have alluded to in recent remarks.

Today’s economic calendar began with the all-important Consumer Price Index report for September (+.4 percent versus +.3 expected; core +.3 percent; up 4.1 percent year over year) and weekly jobless claims (209k, so employment is still strong; 1.702 million continuing claims). Treasury then announces the auction sizes for next week’s reopened 20-year bonds and 5-year TIPS before auctioning $20 billion reopened 30-year bonds, and we’ll receive remarks from Atlanta Fed President Bostic and Boston Fed President Collins. We begin the day with Agency MBS prices roughly unchanged from Wednesday evening and the 10-year yielding 4.59 after closing yesterday at 4.59 percent.

Employment

Are you settling for a process that isn’t working, leaving you frustrated, tired and unmotivated? Would you benefit from having the same team on every loan you send through the pipeline? To deliver the best borrower experience, Atlantic Bay Mortgage Group utilizes a one-team approach which means our Mortgage Bankers work with the same Underwriter, Processor, and Closer on every loan. And that same one-team approach has led to an overall Net Promoter Score of 96.84 percent! “Having one team has been super beneficial. Being able to communicate with certain people and knowing who’s covering and handling specific items has helped me ensure seamless transactions.” – Matt Bullins, NMLS #1805439. From production to leadership, opportunity is always around the corner when you work with the team National Mortgage News named the “Best Large Mortgage Company To Work For” in 2023. Request a confidential phone call to learn more about Atlantic Bay.

“First Community Mortgage (FCM) is on an impressive growth trajectory, having tripled its sales staff in the past 15 months. Despite challenging market conditions, FCM continues to thrive and expand. As a federally chartered lender, FCM loan officers can originate in 48 states, unlocking a world of opportunities. We understand that transitioning to a new opportunity can be overwhelming, which is why we provide a dedicated transition team to support you during your crucial first 120 days, ensuring a seamless and successful journey. FCM offers an ideal blend of flexibility and support, providing you with an economic advantage that goes beyond what you would typically receive. Our commitment to enhancing your experience is evident in our substantial investments in technology, aimed at simplifying your workload and maximizing your potential for business growth. Come along with us and discover the possibilities. Contact Bret Head or visit us online.”

“In a time when loan production has never been more challenging, Planet Home Lending stands out in new product innovation. Our novel products are attracting MLOs and branches eager for a secure, progressive future in the mortgage industry. Fortify your career and market position by moving to the Top 10 lender that values professionalism and innovative thinking. Contact VP of Talent Peter Briggs or 435-709-6287. All inquiries will be held in strict confidence.”

A 25-year-old wholesaler has secured capital for growth and expansion, and has begun the hunt to acquire/merge some non-QM talent and/or non-QM companies into the existing, well-run, well-capitalized institution. This is a stand-alone company that doesn’t need capital for typical organic growth and sustainability but is searching for an ongoing group(s) to add. Please send Chrisman LLC’s Anjelica Nixt a confidential note (principals only) for forwarding to the CEO of the wholesaler, please specify this opportunity.

 Download our mobile app to get alerts for Rob Chrisman’s Commentary.

Source: mortgagenewsdaily.com

Apache is functioning normally

Apache is functioning normally

All eyes are on Iowa.

With rolling hills, friendly faces and unique towns that resonate with charm and innovation, Iowa has been making quite the name for itself. As many discover the allure of the Hawkeye State, the quest to identify the best places to live in Iowa has become a topic of intrigue. From bustling urban centers to tranquil suburban retreats, each spot featured below offers its own brand of enchantment, painting a picture of a state that’s as diverse as it is delightful.

  • Population: 212,031
  • Average age: 34.0
  • Median household income: $58,444
  • Average commute time: 19.2 minutes
  • Walk score: 45
  • Studio average rent: $870
  • One-bedroom average rent: $1,040
  • Two-bedroom average rent: $936

Touted as one of the best places to live in Iowa, Des Moines is more than just the state’s political pulse, it’s a metropolis that artfully marries its rich agricultural history with modern urban flair. Downtown’s historic East Village effortlessly lures visitors and locals alike with its boutique shopping, scrumptious eateries and trendy art studios, while just a stone’s throw away, the iconic Iowa State Capitol building stands with its shining golden dome.

But Des Moines doesn’t just entice with aesthetics and activities. The state capital boasts some stellar educational institutions, top-notch healthcare facilities and a robust job market, primarily driven by its flourishing insurance and financial industries. It’s a place where people find their dreams echoing in the gentle ripples of the Des Moines River and the shimmering lights of the downtown skyline.

  • Population: 74,596
  • Average age: 26.3
  • Median household income: $51,925
  • Average commute time: 20.0 minutes
  • Walk score: 45
  • Studio average rent: $1,225
  • One-bedroom average rent: $1,199
  • Two-bedroom average rent: $1,636

Iowa City is home to the esteemed University of Iowa, giving the city an undeniable intellectual and creative buzz. Literary enthusiasts might already know this gem as a UNESCO City of Literature, where streets whisper tales of famed writers and coffee shops double as hallowed writing retreats. The historic downtown district calls out with its mix of independent bookstores, quirky shops and enticing restaurants that serve everything from farm-fresh delights to international delicacies.

Beyond the allure of literature and academia, Iowa City offers an engaging lifestyle for its diverse populace. Tree-lined streets, scenic parks and an abundance of activities make it easy for residents to embrace an active lifestyle. For families, the city is a treasure trove, with top-tier schools and a strong sense of community that binds its inhabitants. From its pristine pedestrian mall to the melodious strains of live music that fill the air during citywide events, Iowa City stands as a testament to what makes the Hawkeye State so darn special.

  • Population: 66,424
  • Average age: 23.5
  • Median household income: $54,339
  • Average commute time: 19.0 minutes
  • Walk score: 42
  • Studio average rent: $840
  • One-bedroom average rent: $818
  • Two-bedroom average rent: $855

An undeniable contender for the title of one of the best places to live in Iowa, Ames is more than just a college town, though the presence of Iowa State University certainly leaves an indelible mark on its landscape. As you walk through the town, it’s hard to miss the blend of Cyclone pride and the intellectual curiosity that bubbles up from every corner. There’s a delightful alchemy here of innovation and agriculture, resulting in forward-thinking research centers, flourishing tech startups and green spaces that look like they’ve been painted right onto a canvas.

But what truly makes Ames stand out is the sense of community it fosters. The town hosts imaginative events that range from local art festivals to high-energy athletic showdowns. Families will appreciate the focus on education, with schools that aim to nurture the mind and spirit. On weekends, the streets come alive, whether it’s for a local farmers market bursting with fresh produce or for a leisurely bike ride on one of the city’s scenic trails.

  • Population: 136,467
  • Average age: 36.5
  • Median household income: $60,787
  • Average commute time: 17.6 minutes
  • Walk score: 34
  • Studio average rent: $1,150
  • One-bedroom average rent: $750
  • Two-bedroom average rent: $895

Cedar Rapids is a city that effortlessly secures its spot among the best places to live in Iowa. While some cities shout, Cedar Rapids hums. It’s this gentle, magnetic hum that draws you into its diverse neighborhoods, historic avenues and the lively currents of the Cedar River. With a moniker like “The City of Five Seasons,” one quickly discerns this isn’t just any Midwestern city. That extra ‘fifth season’ speaks to the time residents take to enjoy life’s pleasures, be it watching a theatrical performance at the Paramount Theatre or indulging in some craft beers from Clock House Brewing.

The story of Cedar Rapids is one of resilience and reinvention. From its early days as a gritty industrial hub, the city has blossomed into a center for arts, technology and sustainable living. Green spaces dot the landscape, while the downtown district buzzes with constant activity. Moreover, the emphasis on education and business opportunities makes it a magnet for growing families and focused professionals.

  • Population: 59,119
  • Average age: 37.5
  • Median household income: $73,968
  • Average commute time: 16.7 minutes
  • Walk score: 40
  • Studio average rent: $1,200
  • One-bedroom average rent: $ 650
  • Two-bedroom average rent: $850

As the state’s oldest city, Dubuque, is like a fine wine, mature, rich in character and nuanced in its flavor. Its riverfront promises adventure, whether you’re taking a serene boat ride or exploring the National Mississippi River Museum & Aquarium. The historic Fenelon Place Elevator, dubbed the world’s shortest and steepest scenic railway, offers breathtaking views of the tri-state region, a reminder of the expansive beauty surrounding this special city.

Yet, Dubuque isn’t just a feast for the eyes; it’s a hub of opportunity and community spirit. A reimagined warehouse district stands testament to the city’s dedication to progress. Education is a priority here, with top-rated schools and institutions focused on nurturing the next generation. Events like the Dubuque Farmers Market and Bix Beiderbecke Memorial Jazz Festival harmoniously weave the threads of tradition and contemporary charm, creating a palpable sense of community.

  • Population: 22,949
  • Average age: 32.7
  • Median household income: $67,474
  • Average commute time: 19.5 minutes
  • Walk score: 33
  • Studio average rent: $650
  • One-bedroom average rent: $790
  • Two-bedroom average rent: $850

Hugging the outskirts of Iowa City is Coralville, an enchanting area that frequently lands on the list of best places to live in Iowa. While its proximity to the renowned University of Iowa certainly adds to its allure, Coralville is not just an extension of its bigger neighbor but boasts a distinct identity of its own. The city’s crown jewel, Coralville Lake, beckons residents and visitors alike for sun-soaked days of boating, fishing and picnicking, while the Iowa River Landing offers a delightful mix of shopping, dining and entertainment options.

Everyday life in Coralville is punctuated by a strong sense of community. The town’s well-planned neighborhoods offer a blend of old-world charm and modern comforts, making it ideal for families, professionals and retirees. Engaging in community events, from outdoor summer concerts to ice skating in winter, ensures there’s never a dull moment.

  • Population: 70,287
  • Average age: 32.5
  • Median household income: $92,959
  • Average commute time: 21.6 minutes
  • Walk score: 34
  • Studio average rent: $1,305
  • One-bedroom average rent: $1,296
  • Two-bedroom average rent: $1,538

Rapidly evolving from its agricultural origins into a dynamic urban hub, Ankeny is where the energy of growth meets the tranquility of suburban living. Its shimmering lakes are a favorite among anglers and picnickers, while the expansive parks and green spaces showcase the city’s commitment to nature and recreation.

Yet, it’s the spirit of the community that truly sets Ankeny apart. From its top-rated schools, which focus on holistic development, to the multitude of community events that bring residents together, Ankeny is a city that celebrates togetherness and takes the happiness of its citizens seriously.

  • Population: 18,814
  • Average age: 38.4
  • Median household income: $114,905
  • Average commute time: 18.1 minutes
  • Walk score: 40
  • Studio average rent: $900
  • One-bedroom average rent: $1,023
  • Two-bedroom average rent: $1,250

Often referred to as the “City with a Smile,” Clive seamlessly weaves modernity with nature. The renowned Greenbelt Park and Trail system, spanning miles of picturesque landscapes, is the heartbeat of the town, where joggers, bikers and nature enthusiasts find their happy place.

Everyday life in Clive is characterized by a harmonious blend of community and convenience. Highly regarded schools emphasize academic excellence and personal growth, ensuring a bright future for the younger residents. The city’s robust economy, driven by a mix of local businesses and larger corporations, offers a stable platform for professionals and entrepreneurs alike.

  • Population: 39,327
  • Average age: 39.7
  • Median household income: $89,375
  • Average commute time: 19.9 minutes
  • Walk score: 29
  • Studio average rent: $1,336
  • One-bedroom average rent: $1,625
  • Two-bedroom average rent: $1,175

Part of the illustrious Quad Cities, Bettendorf is a great city in Iowa to call home. Residents find solace in the breathtaking views of the river, while kids gleefully spend hours at the Family Museum. Not to be outdone, the Isle Casino and numerous local restaurants offer adults their share of entertainment, making Bettendorf a hub of activity and relaxation in equal measure.

Yet, the essence of Bettendorf isn’t just in its attractions but in its community spirit and quality of life. With a strong educational framework and top-rated schools, the city places a high premium on nurturing the minds of the next generation.

  • Population: 41,703
  • Average age: 38.0
  • Median household income: $75,927
  • Average commute time: 19.5 minutes
  • Walk score: 32
  • Studio average rent: $895
  • One-bedroom average rent: $1,115
  • Two-bedroom average rent: $1,250

A mere stone’s throw from Cedar Rapids, Marion confidently carves out its identity among the best places to live in Iowa. A blend of historic charm and contemporary flair, Marion’s Uptown District invites with a mix of unique shops, cafes and public art displays. Add to that the rhythms of live music during summer concerts at Lowe Park and the irresistible aroma from local farmers markets, and it’s evident that Marion provides a true feast for the senses.

The city’s emphasis on community shines through in every corner. Quality education is a hallmark here, with schools that champion academics and character development. With a collection of neighborhoods offering everything from urban sophistication to tranquil suburban spaces, Marion effortlessly caters to a wide array of lifestyles. A backdrop of events, from the renowned Marion Arts Festival to seasonal parades, underscores the town’s commitment to bringing its residents together in constant celebration.

Settle down in Iowa

In the heartland of America, the search for the best places to live in Iowa unveils a treasure trove of communities that cater to every imaginable lifestyle. Together, these Iowan gems weave a compelling narrative of a state that’s poised to offer more than just a place to call home. It’s an invitation to be part of a community, to thrive amidst nature and innovation and to craft stories that stand the test of time. Indeed, Iowa entices not just with a promise of a better life but with the assurance of an experience unparalleled.

When you’re ready to find your Iowa apartment, you know where to start your search.

Source: rent.com

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Apache is functioning normally

Immerse yourself in the sunny Phoenix suburbs.

As the sun-soaked capital of Arizona, Phoenix isn’t just a bustling metropolis in its own right. It’s also surrounded by a ton of stellar suburbs, each offering its own unique flavor and charm.

From luxury enclaves to tech hubs to serene family-friendly neighborhoods, the Phoenix suburbs described below provide great options for every lifestyle. This article dives into the crème de la crème of the Phoenix suburb scene, providing insights into what makes each spot stand out in the heart of the Southwest.

  • Population: 242,753
  • Average age: 47.7
  • Median household income: $97,409
  • Average commute time: 22.9 minutes
  • Walk score: 32
  • One-bedroom average rent: $2,024
  • Two-bedroom average rent: $2,984

In the picturesque landscape of Phoenix suburbs, Scottsdale stands out as an oasis of luxury, art and outdoor activities. With world-class golf courses that would make any link lover’s heart race, upscale shopping districts that can satiate even the most discerning shopper and restaurants that range from gourmet to eclectic, Scottsdale is the epitome of suburban elegance.

Three great apartment complexes in Scottsdale

But it’s not all about the glitz and glam. This Phoenix suburb supports an array of outdoor activities, from the scenic trails of McDowell Sonoran Preserve to horseback riding under the vast Arizona sky. Dive into Scottsdale and discover what makes this Phoenix suburb a crown jewel of the Southwest.

  • Population: 279,458
  • Average age: 36.7
  • Median household income: $91,299
  • Average commute time: 24.9 minutes
  • Walk score: 35
  • One-bedroom average rent: $1,785
  • Two-bedroom average rent: $2,000

Among the constellation of Phoenix suburbs, Chandler shines brightly with its unique blend of tech-driven progress and laid-back Southwestern charm. As the hub of the Silicon Desert, Chandler boasts a growing technology industry, attracting innovators and professionals eager to make their mark.

Three great apartment complexes in Chandler

What sets Chandler apart in the lineup of Phoenix suburbs is its commitment to balancing urban sophistication with hometown warmth. From high-end shopping centers to local farmers markets and from cutting-edge theaters to the annual Ostrich Festival, this Phoenix suburb ensures residents never have a dull moment.

  • Population: 273,136
  • Average age: 34.5
  • Median household income: $105,733
  • Average commute time: 27.1 minutes
  • Walk score: 29
  • One-bedroom average rent: $1,747
  • Two-bedroom average rent: $1,991

Once known as the “Hay Shipping Capital of the World,” Gilbert has grown exponentially, trading hay bales for innovative businesses and growing communities. Gilbert is a shining example of how a city can expand without losing its historic charm.

Three great apartment complexes in Gilbert

Dive deeper into what Gilbert offers among Phoenix suburbs, and the picture only gets rosier. It’s a haven for families, thanks to its top-rated schools and pristine parks. And for those craving some sun-soaked adventure, there are outdoor concerts, farmers markets and green spaces where residents can relax. In the vast sea of Phoenix suburbs, Gilbert floats to the top and provides an unbeatable mix of the past, present and future.

  • Population: 509,475
  • Average age: 36.2
  • Median household income: $65,725
  • Average commute time: 25.4 minutes
  • Walk score: 38
  • One-bedroom average rent: $1,360
  • Two-bedroom average rent: $1,637

As the third-largest city in Arizona, Mesa doesn’t merely ride the coattails of its size. It’s an epicenter for aerospace ventures, higher education institutions and tech enterprises, making it a hotspot for those with an eye on the future. Yet, with the backdrop of the majestic Superstition Mountains and access to the shimmering Salt River, Mesa ensures that residents are never too far from Arizona’s captivating wilderness.

Three great apartment complexes in Mesa

But wait, there’s more that sets Mesa apart from other Phoenix suburbs. The city prioritizes fun and adventure, evident in its sprawling golf courses, thrilling water parks and extensive trail systems. Add to that a healthy selection of restaurants, cozy cafes and ritzy retreats, ensuring that every culinary whim is always catered to.

  • Population: 12,682
  • Average age: 54.9
  • Median household income: $203,659
  • Average commute time: 24.5 minutes
  • Walk score: 14
  • One-bedroom average rent: $2,050
  • Two-bedroom average rent: $2,100

The name itself evokes images of a dreamy haven, and Paradise Valley doesn’t disappoint. Famed for its upscale estates and celebrity residents, Paradise Valley offers a level of opulence seldom seen elsewhere. Breathtaking mountain views, especially from the vantage point of Mummy Mountain or Camelback Mountain, serve as daily reminders of the stunning natural beauty Arizona has to offer.

Three great apartment complexes near Paradise Valley

But Paradise Valley is not just about grandeur in the Phoenix suburbs landscape. It strikes a harmonious balance between luxury and leisure. Championship courses call to all golfers, while swanky resorts offer an oasis of relaxation and rejuvenation. Dining here is an experience unto itself, with a ton of gourmet restaurants tantalizing the taste buds.

  • Population: 249,630
  • Average age: 33.8
  • Median household income: $60,499
  • Average commute time: 28.0 minutes
  • Walk score: 40
  • One-bedroom average rent: $1,299
  • Two-bedroom average rent: $1,650

Recognized as Arizona’s Antique Capital, Glendale offers a delightful stroll down memory lane with its historic downtown, where boutiques and eateries provide a nostalgic setting for casual shopping and good conversation. Yet, this Phoenix suburb isn’t just about looking back; it’s also home to the State Farm Stadium, where adrenaline-pumping Cardinals games and massive concerts ignite the spirits of thousands.

Three great apartment complexes in Glendale

Switching gears, Glendale wears another feather in its cap in the Phoenix suburbs scene as a premier destination for events and festivals. From chocolate fests that satiate the sweet tooth to hot air balloon shows painting the sky, there’s always something happening in this dynamic corner of the desert.

  • Population: 194,917
  • Average age: 40.3
  • Median household income: $81,017
  • Average commute time: 29.4 minutes
  • Walk score: 30
  • One-bedroom average rent: $1,555
  • Two-bedroom average rent: $1,776

Peoria is an adventurer’s paradise with the sprawling Lake Pleasant Regional Park in its backyard, offering the perfect setting for water-based activities all set against the backdrop of the sun-kissed Arizona landscape. On land, Peoria’s P83 District is where the action’s at, boasting a ton of dining options, bars and events that keep the energy up year-round.

Three great apartment complexes in Peoria

But Peoria doesn’t stop at fun and games in the world of Phoenix suburbs. It’s also a beacon for those seeking a serene suburban life, characterized by beautifully master-planned communities and top-tier educational institutions. Couple this with a forward-thinking local government and an engaged community, and it’s clear why Peoria consistently ranks high on the desirability scale.

  • Population: 149,191
  • Average age: 41.9
  • Median household income: $76,623
  • Average commute time: 30.7 minutes
  • Walk score: 21
  • One-bedroom average rent: $1,525
  • Two-bedroom average rent: $1,825

Expectations run high with a name like Surprise, and this Phoenix suburb delivers in spades. From the city’s Spring Training baseball games to its well-maintained parks, there’s an avenue for everyone to feel the rush or simply unwind.

Three great apartment complexes in Surprise

But there’s another layer to Surprise that distinguishes it in the Phoenix suburbs roster. It’s a growing hub for education and healthcare, boasting some of the region’s top schools and hospitals. Add to that a commitment to sustainable growth, a friendly community spirit and a diverse range of housing options, and the allure of Surprise becomes undeniable.

  • Population: 24,987
  • Average age: 59.7
  • Median household income: $87,080
  • Average commute time: 28.7 minutes
  • Walk score: 19
  • One-bedroom average rent: $3,000
  • Two-bedroom average rent: $2,100

Fountain Hills is a visual masterpiece, where the Sonoran Desert’s natural beauty gets a touch of architectural elegance, providing residents with panoramic views that will steal your breath away. From the rolling desert hills to the shimmering blue of Fountain Lake, it’s a treat for the senses at every turn.

Three great apartment complexes near Fountain Hills

But Fountain Hills isn’t just about aesthetic appeal. It’s also a community that prides itself on community events. The town hosts renowned art fairs, craft shows and local markets that draw both residents and visitors alike. With spacious parks, scenic hiking trails and a commitment to community engagement, Fountain Hills provides an idyllic blend of leisure and lifestyle.

  • Population: 90,564
  • Average age: 31.6
  • Median household income: $69,241
  • Average commute time: 28.4 minutes
  • Walk score: 26
  • One-bedroom average rent: $1,421
  • Two-bedroom average rent: $1,678

Avondale is home to the Phoenix Raceway, where the roar of engines and the thrill of nail-biting races draw legions of NASCAR fans every year. But Avondale isn’t just for the adrenaline junkies; it’s home to many parks, trails and open spaces that serve as perfect spots for family picnics, weekend strolls or quiet afternoons with a good book in hand.

Three great apartment complexes in Avondale

Yet, there’s another side to Avondale that solidifies its spot on the Phoenix suburbs’ leaderboard. Its flourishing local economy presents plenty of employment opportunities, making it an attractive place for professionals and entrepreneurs. Add in a dash of delightful restaurants, shopping areas and a community that’s warm and welcoming, and it’s evident why Avondale has become one of the go-to Phoenix suburbs for those seeking a balanced life.

Find the best Phoenix suburb for you

Navigating the Phoenix suburbs can be a journey of discovery, as each presents its distinct character and amenities. Whether it’s the allure of lakeside views, the thrill of a raceway or the serene embrace of the desert landscape, there’s a Phoenix suburb tailored for every dream and desire.

As the city continues to grow and evolve, its surrounding suburbs are sure to remain as diverse and dynamic as ever, offering residents a slice of paradise in the desert. Today’s the day to make your move to the perfect apartment for rent in one of Phoenix’s top suburbs.

Source: rent.com