Current Market Data
Nationally, the pace of home-price appreciation declined to its slowest pace in almost two years, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index.
A new report from U-Haul identified the most common states of origin for do-it-yourself movers who relocated to Phoenix.
Radiance at Superstition Vistas, an Apache Junction master-planned community from D.R. Horton, was the top-selling MPC in the area — and in Arizona.
Real estate economist Matthew Gardner joins Agent Publishing Co-Publisher Anne Hartnett to unpack the biggest housing trends from the second quarter, plus the potential impact of a new Fed chair and the future of Fannie Mae and Freddie Mac.
The inventory of new homes for sale surged year over year, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
At the same time, the pace of existing-home sales declined from May’s level.
Nationally, home sales rose 5.7% year over year and 1.3% month over month, RE/MAX said.
Surprise was the top city in Arizona and the No. 4 city in the U.S., with Wallethub naming the Phoenix suburb the top real estate market in the country.
New single-family home construction declined as builders continue to grapple with macroeconomic headwinds.
Purchase applications slowed to their lowest level since May as economic worries dampened activity, the Mortgage Bankers Association said.
According to a recent report by GoBankingRates, Paradise Valley ranked among the nation’s top suburbs based on median household income, home values and other economic indicators.
Given the rate of sales, the county had a 4.3-month inventory in June, up 38.7% year over year.
A $25 million estate in Scottsdale was the most expensive home sold in Arizona last month.
Scottsdale and Paradise Valley homes make up all of the 10 most expensive new listings in Arizona.
May’s 1.8% monthly gain follows a 6.3% drop in April, the National Association of REALTORS® said.
The pace of home-price appreciation slowed to its most modest pace since 2023, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index.