Current Market Data

Mortgage applications rise as home supply sees record increases

That wasn’t the only good news as the end of the month neared.

Pending home sales drop 32.1% in October, the steepest year-over-year decline in nine years

If inflation continues to cool, the historic slowdown could ease.

MBA: New-home mortgage applications fall in October 

The pace of new single-family home sales, meanwhile, fell 6.1% from September to 598,000. 

Paradise Valley ZIP code 85253 named one of the priciest in the nation for real estate

From January through October of this year, the Maricopa County ZIP code had a median home sale price of $2.9 million. 

NAR: Existing-home sales fall again in October as prices continue to rise 

The median existing-home price rose for the 128th month in a row, extending its record-breaking streak of increases. 

Housing inventory in the Phoenix area more than doubles year over year

Housing inventory in the Phoenix area grew 136.6% in October, compared to the same month last year.

When’s the best time to get a deal on a home in Phoenix?

Mid-week price cuts offer the most bargains in today’s market.

Housing starts slow in October but remain elevated 

The number of homes under construction rose during the month, as homebuilders continued to work through a large backlog of homes. 

MBA: Mortgage applications rebound on lower rates 

The largest single-week decline in conventional mortgage rates since July brought the first increase in home-loan applications since September, the Mortgage Bankers Association said. 

Scottsdale, Chandler ranked among top cities for families with children

The 100 most populous cities in the U.S. were ranked in several categories, including affordability, schools, safety, recreation opportunities and other socio-economic factors. 

Pandemic boomtowns — including Phoenix — hit hardest by inflation

Phoenix, Atlanta, Tampa and Miami saw double-digit consumer price index percentage growth year over year.

Home-price growth slows as early-stage demand levels off

It’s not the only metric decelerating in today’s market. Inflation is also starting to slow which is helping bring down mortgage rates.

Market changes put buyers in the driver’s seat

From dropping home prices, increased inventory and homes staying on the market longer, today’s buyers should look at the upside to what the market means for their prospects.

Homebuyer demand stabilizes as mortgage rates dip

Homebuyer demand is starting to stabilize as October home sales posted the largest decline since 2015, according to a new report.

Phoenix named one of the cities with the best real estate prospects in 2023

The 44th edition of the in-depth forecast report examined 80 cities to determine trends in the real estate industry for 2023.

Homes staying on the market longer, sellers feeling the pressure

The median age of inventory in Phoenix is 54 days, up from 42 before the pandemic began.

New Subscribe(3)

  • This field is for validation purposes and should be left unchanged.