Current Market Data

Which Phoenix suburb is best for single-family home renters?

A new study ranks communities in the Valley for population density, cost of living, average commute times and more. 

Phoenix housing market shifts to balance, sellers no longer at an advantage

Competition in the housing market is expected to reignite as falling mortgage rates breathe new life into buyers, according to Zillow’s latest report. 

Housing inventory reaches post-pandemic high as market continues to balance

The combination of rising inventory and price reductions in Phoenix and nationwide is creating a more buyer-friendly market.

Closed sales increase year over year in the Phoenix Valley

The total number of transactions topped 5,000, which is higher than the same period in 2023 or 2022. 

Average mortgage rate drops to lowest level in more than a year

The average 30-year fixed mortgage rate dropped more than a quarter point since last week.

Pending home sales regain upward momentum in June

The National Association of REALTORS® said its Pending Home Sales Index rose 4.8% month over month. 

The most popular ways to upgrade a home in 2024 — without a huge demolition

There are plenty of ways to upgrade a home without knocking down walls or hiring a whole construction crew.

Housing data still leans in favor of sellers, REALTORS® Confidence Index shows

Just 13% of respondents expect an increase in buyer traffic in the next three months.

Scottsdale is the No. 6 most affordable city in the U.S. for remote workers

Scottsdale is one of the most affordable cities in the country for people who work from home, according to a report from CoworkingCafe.

New listings jump 25% in Phoenix

That’s one of the biggest year-over-year increases in the entire country.

Surprise and Gilbert are two of the best U.S. cities for first-time homebuyers

Surprise and Gilbert both rank in the top 10 when it comes to the best cities for first-time homebuyers, according to a report from WalletHub.

Falling mortgage rates, increased supply create opportunities for homebuyers

Homebuyers are finally gaining some purchasing power now that mortgage rates have dropped to their lowest level since March, and home supply is rising.

Most American homeowners crave privacy from their neighbors

Despite spending more time than ever at home, more than half of Americans admit to hiding from their neighbors, according to a survey from Top Rail Fence.

Arizona is the top state for house flippers

Arizona is the No. 1 state in the country for house-flipping, according to a report from Highland Cabinetry.

Houzz: The top outdoor home trends for 2024

Summer is underway, and many homeowners are looking for ways to upgrade their outdoor spaces so they can enjoy the heat in style.

The 10 most expensive new listings in Arizona

Two new-construction homes in Paradise Valley top the list of the 10 most expensive new listings in Arizona.

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