Happy Thursday!

The greater Phoenix area is booming as the weather warms up.

The Arizona Coyotes are working on their new area plans and we are getting yet another global manufacturing hub from Intel!

We are also taking a look at a few ways to make your home more attractive to buyers this year.

— Josh

🏟️ Arizona Coyotes Unveil Arena Plans For Land NHL Team Wants To Buy In Phoenix

Driving the news: The Arizona Coyotes have unveiled plans for a new arena and entertainment district on a 110-acre site in north Phoenix, with a public auction for the land set for June 27.

Details: The Coyotes have been seeking a new arena location for years, believing that a site closer to Scottsdale in the East Valley would be more beneficial for the team's success in terms of attendance, sponsorships, and general interest.

The proposed development includes an arena, restaurants, shops, office towers, and 1,900 residential units.

The Coyotes have secured Gensler as the architect and AECOM Hunt as the general contractor.

Why it matters: This is the Coyotes' latest attempt to find a permanent home in the Valley after Tempe voters rejected a $2 billion arena and entertainment district proposal in 2023.

Between the lines: The Coyotes ownership will have to fund the project entirely on its own to avoid a public vote, with owner Alex Meruelo already spending millions in the process of finding a new home for the team.

What's next: If the Coyotes win the bid, they aim to have the arena ready for the fall of 2027, with the entire project built in phases.

The bottom line: The Coyotes' proposed arena and entertainment district in north Phoenix represents a significant step in the team's long-standing quest to find a suitable and profitable home in the Valley, particularly in the East Valley region.

🎥  Inside a MASSIVE $1.4M Peoria Pool Home w/ Basketball Court

Let’s tour a stunning $1.4M home in North Peoria, AZ, featuring a luxurious heated pool and a full-sized basketball court. Discover the perfect blend of upscale amenities and comfortable living in this incredible property located at 22621N 85th.

📡 Intel's Latest Investment In Arizona Helps Bolster Our Future

Driving the news: Intel has been awarded an $8.5 billion grant from the CHIPS and Science Act to expand their operations and bring microchip manufacturing back to America, with a significant portion of the investment going towards their facilities in Arizona.

Details: Intel is building two new microchip manufacturing facilities (fabs) in Chandler, Arizona, which will support 3,000 permanent jobs upon completion.

Many of these jobs are well-paying and do not require a four-year degree.

The CHIPS and Science Act aims to encourage companies to bring their operations back to the United States or expand their existing footprint, ensuring that America remains competitive in the global microchip industry.

Why it matters: Intel's investment in Arizona is expected to lay the foundation for the state to become a global hub for technology and innovation, attracting industries such as batteries, solar panels, electric vehicles, data centers, defense, and artificial intelligence.

Between the lines: The complexity and cost of microchip manufacturing make it challenging to quickly bring the industry back to the U.S.

This funding will encourage companies like Intel to invest in expanding their U.S. operations.

What's next: Intel's expansion and growth are expected to create opportunities for Arizona's future generations, making the state an attractive place to live, work, start a business, and raise a family for decades to come.

The bottom line: Intel's latest investment in Arizona is set to transform the state into a global technology and innovation hub.

🎥 Assumable Loans: EVERYTHING You Must Know in 2024

Thinking about moving this year? You should be on the lookout for homes with assumable loans during your search.

👇 Watch the video now or save it for later👇

📺 Homes with Backyard TVs Can Sell for $10,000 More

Driving the news: New Zillow research reveals that homes with tricked-out backyards can sell for $10,000 more than comparable homes without them.

Homes with viral home features can sell up to six days faster than expected.

Details: Added features such as outdoor TVs, kitchens, and showers can net a homeowner as much as 3.1% (or add $10,749) more on the sale of their home.

Additionally, homes with features like plant ledges and rounded corners, which are popular on TikTok, can attract younger first-time homebuyers and sell faster.

Finally, fresh features like soapstone countertops and beverage centers are replacing old favorites like quartz countertops and wine fridges.

Why it matters: Highlighting trending home features can help homeowners get more money for their home or sell it more quickly than the average home.

For example, move-in-ready homes can sell in just a few weeks.

The big picture: Despite the potential for higher sale prices, affordability remains a top priority for many homebuyers in today's market, with higher mortgage rates and rising home prices tightening buyers' budgets.

Between the lines: While certain features can attract buyers and increase sale prices, their effectiveness may vary depending on the market and neighborhood your home is in.

What's next: As the spring home shopping season brings increased competition for homes with sought-after features, buyers should get pre-qualified for a mortgage before they start shopping to act quickly when they find a home they love.

The bottom line: It's worth talking to a local real estate expert to see if upgrading your backyard or adding a few viral home features before you put your home on the market will get you the ROI you are looking for.

📊 Market Insights

The housing market in Phoenix is heating up as we get close to spring.

If you are looking to buy a home in this market, new construction is a great option that I highly recommend if you want to avoid competing with other offers.

You’ll want to have a good search and offer strategy when looking for existing homes and be patient because it could take a while to find the right one at your desired price point.

📰 In other news

• Phoenix airport gets another new international flight. Here's where you can go for $89

• Arizona Coyotes cleared to bid on north Phoenix land for new arena

• Rocket seen in Phoenix night sky

That’s all for today, I hope you have an incredible week!

If there’s ever anything you need:

• a custom market or home value report

• a home services list for a reliable contractor or services professional

• feedback or a professional opinion on a home project

Just let me know! I’m here to help with all your home needs.

Talk soon,

Josh Zuniga