Current Market Data

Report: Average home changes hands every 12 years

People staying in their homes longer is contributing to the lack of inventory that continues to impact buyers.

Scottsdale named one of the top coworking suburbs in America

Thirty-seven communities across the country made CoworkingCafe’s list of top coworking suburbs, including one in Arizona.

Pace of annual home-price gains slows in latest Case-Shiller; Phoenix sees 2.9% increase 

The S&P CoreLogic Case-Shiller U.S. National Home Price Index rose 5.8% year-over-year in December, compared to a 7.6% gain in November.

Phoenix among top metros for relocation

Phoenix is one of the most popular places to move to — or, at least the most popular places to think about moving to, according to a new analysis from Redfin.

NAR: Pending-home sales jump in January 

The 8.1% month-over-month increase in the National Association of REALTORS® Pending Home Sales Index was the largest gain since June 2020. 

New-home sales jump 7.2% in January 

The median sales price of a new home declined on both a monthly and yearly basis, however, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.        

The market is correcting itself, says Phoenix REALTORS® President Butch Leiber

“The first month of the year saw a rebalance in the real estate market,” said Butch Leiber, president of the Phoenix REALTORS® board.

NAR: Existing-home sales post 12th monthly decline in January, as prices rise again 

The 30-year fixed-rate mortgage averaged 6.32% as of Feb. 16, up from 6.12% a week before and 3.92% a year earlier. 

Average apartment size shrinks across the country but increases in Phoenix, Tucson

The average size of new apartments across the country has decreased by 30 square feet year over year, according to a new report from RentCafe.

While homebuying season may feel calmer, Zillow says expect competition

According to a new analysis from Zillow, there will still be competition for affordably-priced houses this homebuying season.

Mortgage applications decline after rate increase 

The pace of mortgage applications fell 7.7% in the week ended Feb. 10, the Mortgage Bankers Association reported. 

As spring market approaches, Phoenix buyers are getting more for their money

With the spring housing market just around the corner, homebuyers are getting more for their money as their mortgage payments are stretching further than they have in recent months.

Builder confidence jumps in February 

Builder confidence rose for the second consecutive month in February with a seven-point increase that brought it to its highest level since last September, the National Association of Home Builders said. 

Phoenix one of the top cities for multifamily investment in 2023

The Phoenix metro area ranks among the best cities in the country for multifamily investment in 2023, according to real estate investment company CONTI Capital.

ATTOM: Nearly half of all US properties considered equity-rich

Forty-eight percent of mortgaged homes were equity rich in the fourth quarter of last year.

MBA: Mortgage applications jump on lower rates 

The 30-year fixed rate fell for the fifth week in a row, giving a lift to lending activity, the Mortgage Bankers Association said. 

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