Current Market Data

Debunking 80/20: New data shows it’s 65/20

New data released by CoreLogic/Cotality, and examined by noted industry researcher Mike DelPrete, contradicts this commonly held notion, however, and shows that the ratio is actually closer to 65/20.  

RE/MAX: Phoenix home sales rise year over year in April

Nationally, home sales slid 1.4% year over year but increased 11.3% month over month, RE/MAX said. 

The 10 most expensive homes sold in Arizona in April

The priciest home sale in Arizona last month was a $14.9 million estate in Scottsdale.

NAHB: Builder confidence drops in May on tariff uncertainty

The association noted, however, that 90% of the responses to its survey tracking homebuilder sentiment were received before the announcement of a 90-day reprieve in U.S.-China tariffs. 

NAR: Affordability gap persists despite improvements in housing supply

Driven primarily by the construction boom during the pandemic, the housing market has seen some improvements in affordability, but homes remain out of reach for many would-be buyers.

mortgage applications
MBA: Mortgage applications rise as housing inventory increases

The most recent Weekly Mortgage Applications Survey shows homebuyer activity continued despite the economic uncertainty. 

HomeSmart upgrades yard signs with SmartSigns and SmartRiders

HomeSmart’s yard signs will now have QR codes and NFC (Near Field Communication) tags allowing home shoppers to access property details.

NAR: Staging a home can increase sale price by up to 10%

Homes that are professionally staged not only attract more attention from potential buyers — they also sell faster and for more money, according to data from the National Association of Realtors’® 2025 Profile of Home Staging.  

Closings rise in Maricopa County as market approaches balanced status

Realtors added 6,514 new listings to the MLS during the month, an 8.3% year-over-year increase.

Cotality: Pace of home-price growth slows in March on economic concerns

Despite the deceleration, the company, formerly known as CoreLogic, expects prices to rise another 4.9% over the next year.

March’s interest-rate slide prompts jump in pending home sales

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

The 10 most expensive new listings in Arizona

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.

New-home sales climb in March in the face of high mortgage rates

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

Matthew Gardner’s Q1 2025 market insights

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.

Married couples in Phoenix spend half their household salary on homeownership

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.

New-home construction drops more than expected in March

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

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