Nine of the 10 most expensive new listings in the state of Arizona are located in Paradise Valley — including a luxury new home with a $50 million price tag.

Eighteen percent of millennials — approximately one in five — believe they will never become a homeowner, according to a recent survey from Redfin.

Pending transactions were in negative territory for most of this year, so the recent increases could bode well for future activity. 

A fifth consecutive month of increases in the S&P CoreLogic Case-Shiller U.S. National Home Price Index suggests the housing market recovery that began earlier this year is likely to continue. 

The California-to-Texas migration has been well documented over the past several years as Golden State residents flock to cheaper markets. But did you know that Arizona is also one of the top migration destinations for Californians?

Two weeks after housing inventory turned negative, home prices posted a healthy increase, MarketNsight said. 

First-timers made up 45% of buyers in 2022 and 37% in 2021.

High mortgage rates and limited inventory continued to weigh on sales activity, National Association of REALTORS®Chief Economist Lawrence Yun said. 

Over 135,000 apartments could join the Phoenix housing market, according to the Q2 2023 Construction Pipeline report from Berkadia.

Single-family home permits and completions, meanwhile, also rose, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

Experts predict that Phoenix will be one of the most populated places in America by 2100. But can the metro actually handle all that growth?

Meanwhile, July’s home sale prices had their highest increase since November.

All listings were posted to the Multiple Listing Service within the past month — and all four of the top listings are new construction.

Phoenix emerged as one of the top ultra-luxury markets in the first half of 2023, according to the 2023 Mid-Year Ultra-Luxury report from Compass.

The Phoenix-area city of Scottsdale ranked at No. 2 on RentCafe’s list — only 8% of children in the metro live under the poverty line, one of the lowest proportions of any big city in the nation.

Some places in the country have distinctly higher costs associated with the first year of homeownership.