The latest reading of the National Association of REALTORS® Pending Home Sales Index shows a return to month-over-month growth after a decline in July.    

Homebuying has just become more affordable for the first time since 2020, according to a new Redfin report.

The 716,000 per-year rate of new-home sales topped the consensus estimate of 700,000. 

The 2.5% decline followed a 1.3% increase in July, according to the National Association of REALTORS®. 

Pricing in Maricopa County is largely flat, year over year.

At a time of year when the real estate market typically experiences seasonal declines, this fall is bringing just the opposite.

While the average monthly housing payment in the U.S. fell to its lowest level since the start of the year, it isn’t improving sales, as potential buyers are holding out for lower mortgage rates.

Specifically, prices rose 4.3% annually after growing by 4.7% in June. 

July’s seasonally adjusted annual rate of 739,000 represented a 10.6% jump from June’s upwardly revised rate of 668,000. 

The pace of home sales increased 1.3% from June after months of decreases, the National Association of REALTORS® said.      

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

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

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

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

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

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