Current Market Data

Housing starts rebound in September after August dip 

Specifically, single-family homes were built at a seasonally adjusted annual rate of 963,000, up 3.2% from 933,000 in August and up 8.6% from 887,000 a year earlier, according to government figures. 

The hottest home trends of 2024 — according to Zillow

Brutalist style and sensory gardens may seem at odds — but they are both hot home design trends that will rule 2024. At least, according to new predictions from Zillow.

Closed, pending sales fall in Phoenix area

Both pending and closed sales rose in Maricopa County during September, according to the latest market update from Phoenix REALTORS®.

MBA: Mortgage apps rise on increase in ARM activity 

A 15% rise in applications for adjustable-rate mortgages drove overall mortgage applications higher in the most recent weekly survey. 

Mortgage rates hit highest level in more than 20 years

New home listings are still on the rise, despite mortgage rates hitting the highest level in more than 20 years. And those high mortgage rates are pushing monthly housing payments higher than they’ve ever been.

Gilbert, Scottsdale among safest cities in America

Gilbert ranked as the fourth-safest city in America, ranking No. 10 for home and community safety and No. 14 for natural disaster risk.

The 10 most expensive new listings in Arizona

Paradise Valley and Scottsdale top the list of the most expensive new listings in Arizona yet again.

Wages are rising faster than prices in Maricopa County

Housing affordability has worsened in many parts of the country as wages fail to grow at the same pace as home prices — but Maricopa County is one area where wage increases are outpacing price increases.

The most expensive home for sale in Arizona

Point2Homes analyzed listings in every U.S. state and Washington, D.C. to determine the most expensive home for sale in each.

NAR: Pending-home sales fall 7.1% on high interest rates 

Regionally, pending sales were down across the board on both a monthly and an annual basis, the National Association of REALTORS® said. 

Homeowners are willing to spend big money for these bathroom trends

Among the top upgrades: large showers.

Phoenix housing market decreases in value

Despite ranking among the most valuable housing markets in the nation, the overall value of Phoenix real estate fell on an annual basis.

NAR: Existing-home price rises again as sales continue to slide 

Total housing inventory at the end of August was 1.11 million units, up 3.7% from July but down 14.6% on a year-over-year basis, the National Association of REALTORS® said. 

Mortgage rates hit nearly 20-year high, cause home sales to tumble

Canceled home-sales contracts hit their highest rate in almost a year as skittish homebuyers blanche at mortgage rates that are the highest they’ve been in more than 20 years

Chandler again ranked among family-friendliest U.S. cities

Chandler is two for two in Opendoor’s second-annual ranking of the most family-friendly U.S. cities.

Phoenix listings rise, giving homebuyers more options as summer ends

A rise in new listings is finally giving potential homebuyers options as the summer market winds down.

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