National News

Phoenix ranks among best cities in the world

Phoenix came in at No. 88 in this year’s 2023 World’s Best Cities Report, a comprehensive annual study by Resonance Consultancy.

Paradise Valley ZIP code 85253 named one of the priciest in the nation for real estate

From January through October of this year, the Maricopa County ZIP code had a median home sale price of $2.9 million. 

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. 

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.

Tempe named second-best place to live in the U.S.

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

Phoenix housing cooling faster than markets in most other major cities

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

National home prices see first monthly drop since January 2019, S&P CoreLogic Case-Shiller Index shows

The price index dropped in Phoenix, too, declining 0.12% from June to July. Year over year, the Phoenix home price index is up 13.51%.

New-home sales post unexpected rebound in August 

Sales of new homes in the U.S. jumped 28.8% between July and August, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

Phoenix stands out as one of best markets for real estate investment over the last 10 years

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.

NAR: Existing-home sales fell in August while prices rose 

The median existing-home price for all housing types in August was $389,500, a 7.7% rise from the year before. 

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