Trends

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MBA: New-home mortgage applications fall in October 

The pace of new single-family home sales, meanwhile, fell 6.1% from September to 598,000. 

NAR: Existing-home sales fall again in October as prices continue to rise 

The median existing-home price rose for the 128th month in a row, extending its record-breaking streak of increases. 

When’s the best time to get a deal on a home in Phoenix?

Mid-week price cuts offer the most bargains in today’s market.

Housing starts slow in October but remain elevated 

The number of homes under construction rose during the month, as homebuilders continued to work through a large backlog of homes. 

MBA: Mortgage applications rebound on lower rates 

The largest single-week decline in conventional mortgage rates since July brought the first increase in home-loan applications since September, the Mortgage Bankers Association said. 

Scottsdale, Chandler ranked among top cities for families with children

The 100 most populous cities in the U.S. were ranked in several categories, including affordability, schools, safety, recreation opportunities and other socio-economic factors. 

Pandemic boomtowns — including Phoenix — hit hardest by inflation

Phoenix, Atlanta, Tampa and Miami saw double-digit consumer price index percentage growth year over year.

Phoenix named one of the cities with the best real estate prospects in 2023

The 44th edition of the in-depth forecast report examined 80 cities to determine trends in the real estate industry for 2023.

CoreLogic: September brings fifth consecutive monthly slowdown in home-price growth 

Looking ahead, CoreLogic expects national year-over-year appreciation to slow to 3.9% by September 2023. 

NAR: Pending-home sales drop 10.2% in September 

September is the fourth month in a row to see declining sales activity. 

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