Current Market Data

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.

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