Single-family homes had a median sale price of $470,000 in September, down from $475,000 the previous month and from its peak of $510,000 in May.

The Atlanta-based multifamily firm is expanding into Denver, Phoenix and Salt Lake City. 

Communities on the list were ranked based on economic opportunities, quality of life, diversity and where the best futures lie.

The markets cooling fastest are many of the same places that saw the biggest spikes in home prices during the last three years. 

The average retirement income in Arizona is $30,168 (20th among all states).

In Phoenix, 26.4% of Redfin offers faced competition in August

The median single-family home price in the Phoenix metro area in 2011 was $115,500. Ten years later, it was $415,400, nearly a 260% increase.

More than 20,600 homes were on the market in August, compared to 8,700 during the same month in 2021.

Developer Thompson Thrift has acquired 35 acres in Gilbert with plans for luxury apartment homes and more than 200,000 square feet of restaurant and retail space.

Norada cited the relatively lower cost of living and housing in the Phoenix area, attracting people from higher-cost cities such as Los Angeles and Seattle.

Homebuyers nationwide had more time to make decisions in August with the first year-over-year increase in median days on the market since June 2020.

Companies are ranked by percentage revenue growth from 2018 to 2021 and had to have earned at least $100,000 in revenue in 2018 and $2 million in 2021.

Opendoor identified the best cities for families by analyzing and averaging the number of OpenStreetMap “family friendly” tags within 3 miles of all addresses in a city where an Opendoor Brokerage operates. 

The percentage increase in Phoenix was second-highest in the nation, behind only Oakland, California.

Willow, a 14-home gated community in North Central Phoenix, is open for sales, Camelot Homes recently announced.

Courtney Cates is joining the Southwest-Litchfield office of Coldwell Banker Realty Arizona as an affiliate agent.