The National Association of REALTORS’® Pending Home Sales Index rose 6.9% in March, compared to economists’ expectations of a smaller 1% gain.

A Scottsdale estate, last sold in 2022 for $9.5 million, just hit the market again — but this time, with a $25 million price tag.

The pace of sales rose 7.4% compared to February, topping analyst estimates by a large margin.

Prominent real estate economist Matthew Gardner shares insights on the first quarter of 2025 — including his takes on tariffs, immigration, brokerage acquisitions, mortgage rates and more.

Given the city’s median annual household income of $110,067 for married couples, they have to spend 50% of their yearly earnings on mortgage payments, property taxes, insurance and other related costs.

The surprisingly large decline in the pace of housing starts comes as builder sentiment remains depressed by tariff worries and high prices. 

Home sales across the metro area rose 4.2% year over year, and were up 3.5% year-to-date in March.

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.