Homeowners in Phoenix have seen huge increases in home values over the past five years, leading to metro-wide gains in wealth.

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 real estate veteran Susan Nicolson was appointed commissioner of the Arizona Department of Real Estate.

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.

Rents continue to be an attractive option for potential homebuyers holding off until mortgage rates fall and for those not quite ready to buy.

The amount of money spent on new construction of multifamily housing has increased year-over-year in Phoenix, according to Dodge Construction Network.

Phoenix was rated No. 10 overall and cited for its access to theaters and fitness centers and apartment availability. 

Scottsdale luxury home developer Silver Sky recently announced plans for 12 estate homes alongside Mummy Mountain in Paradise Valley.

Maricopa County residential real estate saw higher prices and interest rates, more inventory and fewer transactions in 2022.

Arizona had one of the highest net migrations in the country in 2022, according to a new report from North American Moving Services. 

The Lakes at Rancho El Dorado sold more homes than any other Arizona master-planned community in 2022, according to data released by John Burns Real Estate Consulting.

Phoenix had the biggest jump in concessions.

The move comes despite a slowdown in the single-family rental market. 

Whether it’s for a downtown condo high-rise or a suburban single-family or town home community, a sales model needs to do much more than simply reflect popular design trends or showcase name-brand furniture and decor.

Phoenix was named a top 25 U.S. metro area on the Financial Health Index, released this month by TheCreditReview.

Michele Baker has joined the Phoenix-Paradise Valley office of Coldwell Banker Realty Arizona as an affiliate agent.