Phoenix is the 56th-priciest rental market in the country, according to Zumper’s November National Rent Report.

Despite the new record in September, the rate of increase continues to slow. 

The new findings come from real estate tech strategist Mike DelPrete.

The increase follows two months of declines, the National Association of REALTORS® said. 

While the median sales price rose across the Phoenix area last month, drops in interest rates meant that affordability improved.

New listings increased 38.5% in Phoenix last month, according to the latest RE/MAX National Housing Report.

Multifamily construction, meanwhile, rose on a monthly basis. 

Buyers had been sitting on the sidelines awaiting the election’s outcome, as well as drops in mortgage rates, but they are back and looking to buy.

Arizona remains a popular endpoint of the mass exodus out of California, according to a recent report from StorageCafe.

Homeowners and buyers will prioritize nostalgic, old-world design sensibilities juxtaposed with modern sustainability technologies next year, according to Zillow.

A $42 million ranch towers over the latest list of the most expensive new listings in Arizona.

Industry experts rated markets in categories such as investment potential and development opportunities.

Looking ahead, the CoreLogic Home Price Insights report predicts home prices will dip by 0.1% in October on a month-over-month basis.      

A growing number of renovating homeowners now classify their primary bathroom as a “wet room,” according to the 2024 Houzz Bathroom Trends Study.

September pending home sales rose 7.4% to their highest level since March, according to the National Association of REALTORS®.

Sustainability and housing affordability are on the top 10 list.