Agents from Russ Lyon Sotheby’s International Realty are prominently featured as both listing and selling agents on this month’s list of the 10 most expensive home sales in Arizona.

A majority of millennial home buyers would choose a smaller home if it offered better amenities, according to a new report from National Association of Home Builders.

“Each interaction indicates buyer interest in that home, and listings with higher engagement levels tend to sell faster and at or above the list price,” Zillow Senior Economist Kara Ng explained.

“In a plot twist, baby boomers have overtaken millennials — the largest U.S. population — to become the top generation of homebuyers,” said Jessica Lautz, NAR’s deputy chief economist and vice president of research.

The annual report surveyed agents in the Better Homes and Gardens Real Estate network to find out how they’re helping clients get their homes ready to list. 

Meanwhile, purchase applications showed their strongest increase in almost two months, rising 7% year over year.

The National Association of REALTORS’® Pending Home Sales Index rose 2% month over month in February, topping an expected 0.9% gain. 

Young homeowners are the most likely to regret their home purchases: 94% of Gen Z and 86% of Millennial sellers acknowledged buying mistakes, compared to 48% of baby boomers.

Traditional charm, modern simplicity and an intentional combination of the two are on-trend for 2025 based on the big winners of the just-released 2024 Best in American Living Awards.

Nationally, home sales were down 2.6% year over year and up 8.4% month over month, RE/MAX said. 

The priciest new listing in the Grand Canyon State is a $25 million property in Paradise Valley that features koi ponds, streams, gardens and an antique greenhouse.

The Valley of the Sun is a perfect match for homeowners looking to downsize in their golden years, according to research from Mirador Living.

The median existing-home price was also on the upswing last month, providing homeowners a bit of refuge as the stock market undergoes a correction, Chief Economist Lawrence Yun said in the monthly report. 

The pace of new-home construction was higher than economists expected, even as homebuilders expressed concern about the impact of tariffs and supply-side challenges. 

Realtors added 5,838 new listings to the MLS in February, a 5.3% increase year over year.

Agents from Realty ONE Group, Compass and HomeSmart were responsible for the most transaction sides on February’s list of the 10 most expensive home sales in Arizona.