Current Market Data

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.

Active inventory rises nearly 60% in Maricopa County

Despite a 0.5% year-over-year decline in new listings, active inventory increased by 59.1% in Maricopa County last month.

Arizona has some of the lowest energy costs in the country

Arizona ranks as one of the U.S. states with the lowest overall energy costs, meaning major savings for Arizonans.

This Phoenix-area city is the hottest retirement spot in the country

Nearing retirement age? You might be surprised to learn that the most popular up-and-coming retirement destination isn’t Fort Lauderdale.

A down payment of just 20% may be a thing of the past, Zillow says

Buying a home in Phoenix? Here’s the down payment you need to afford it.

Median existing-home sales price hits all-time high in May

The record-breaking sales price comes as the pace of transactions slid from April, the National Association of REALTORS® said. 

Mortgage rates tick lower for third straight week

The average 30-year fixed mortgage rate dipped to 6.87%.

RE/MAX: Phoenix sees huge year-over-year increase in new listings

Realtors entered 9,117 properties into the MLS last month, a 30.1% increase from May 2023, when 7,007 properties were added to the market.

The top home trends for summer 2024

With warm weather heating up much of the United States, many homeowners are craving new summer styles for their living spaces.

The 10 most expensive new listings in Arizona

For the second month in a row, RETSY agent Lisa Westcott is responsible for the most expensive new listing in Arizona.

Sales prices on the rise in Maricopa County

The median sales price rose 6% from $490,384 in May 2023 to $520,000 last month, while the average sales price rose 6.1% from $660,809 to $700,867.

Phoenix named the best market for 2024 college grads

Phoenix’s ranking is due mostly to the city’s affordable rental market: residents only need to spend 34.5% of their income on monthly rent expenses.

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