Today’s mortgage rates and home prices may have you second-guessing whether it's still a good idea to buy a home right now. While market factors are definitely important, there’s also a bigger picture to consider: the long-term benefits of homeownership. 

Think of it this way. If you know people who bought a home 5, 10, or even 30 years ago, you’re probably going to have a hard time finding someone who regrets their decision. That’s because over time, home values usually grow – and that means a homeowner’s net worth does too. Here's a look at how that can really add up over the years.

Home Price Growth over Time

The map below uses data from the Federal Housing Finance Agency (FHFA) to show how much prices have grown over the last five years. Since home prices vary by area, the map is broken out regionally to really showcase larger market trends:


You can see that nationally, home prices increased by; ...

Wisconsin-based NCG Hospitality is embarking on its fourth hotel in Glendale's sports and entertainment district.
The developer plans to build a seven-story Moxy Hotel by Marriott at the northwest corner of 95th and Maryland avenues, adjacent to its three existing hotels in Westgate.
The Moxy will feature 209 rooms with modern amenities and designs focused on experiences including an outdoor patio, a resort-style pool, bars and more.
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By Audrey Jensen – Reporter, Phoenix Business Journal ...

Phoenix is one of the top markets in the United States for new hotel construction, according to a report released this week by Lodging Econometrics, a company that tracks hotel and lodging industry data.
Currently there are 120 projects with a total of 15,627 rooms in the Valley’s hotel construction pipeline, according to the report. The only markets with more projects under construction were Dallas, Atlanta, California’s Inland Empire and Nashville.
A year ago, Lodging Econometrics's Q2 report showed that the Valley's pipeline had 119 projects with 16,107 hotel rooms in it.
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By Brandon Brown – Senior Reporter, Phoenix Business Journal ...

Agate Construction is staying busy in the East Valley.
The local construction firm has a new contract to lead the construction of four aircraft hangar buildings at Falcon Field Airport in Mesa. The project will include 68,500 square feet of new hangar space. Agate is gearing up with preconstruction services such as budgeting, scheduling, logistics planning, value engineering analysis, permit acquisition and more with plans to break ground in the first quarter of 2025.
The project developer, DKS Properties, is led by Jay Donkersloot, who has worked with Agate on past projects over the years, said Lou Primak, principal and chief operating officer at Agate Construction, in a statement. 
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By Ron Davis – Reporter , Phoenix Business Journal ...

An indoor trampoline park has zeroed in on its next Arizona location at an emerging retail development.
Utah-based Get Air filed pre-submittal documents to the city of Mesa to build a new building on 3.5 acres of land within Eastgate Plaza — a new mixed-use development on the corner of Elliot and Ellsworth being developed by Scottsdale-based Diversified Partners. While final details are still coming together, Get Air's application said its trampoline parks are typically 25,000 square feet and offer basketball, dodgeball and playground equipment in addition to trampolines. Typically, over $1 million is spent on improvements for these parks, the application read.
Each of the 80 Get Air locations nationwide is owner-operated and not franchised, the company said.
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By Ron Davis – Reporter , Phoenix Business Journal ...