The pace of new multifamily construction, however, jumped, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

At the same time, the median existing-home price rose 13.4% year over year to $416,000. 

Nationwide, sales hit their highest level of the year, rising 4.7% from June but falling 17.6% on a year-over-year basis, RE/MAX said. 

July saw the NAHB/Wells Fargo Housing Market Index post its second-largest monthly drop ever, as worries about housing affordability dampened builder sentiment. 

The National Association of Hispanic Real Estate Professionals released its Top 250 Latino Agents Report, and several Arizona agents made the list.  

About 14.9% of home-purchase agreements nationwide fell through in June, the highest percentage in more than two years.

According to the annual survey, the typical Realtor saw their transaction sides rise from 10 to 12 and their sales volume increase from $2.1 million to $2.6 million. 

The residential-brokerage franchisor announced a host of company-wide steps it is taking to grow its business. 

Arizona registered the second-highest year-over-year price growth in the nation, up 27.3%. Phoenix home prices surged 28.7% in May, down from 29.7% month over month.

A new report from ShowingTime reveals a continued drop in home showings nationwide: During May, buyer traffic decreased 18.2% year over year.

Realor.com has compiled a list of the 10 markets where homes are lingering the longest — giving buyers a rare edge.

Compared to June 2021, active inventory increased in 40 of the 50 largest U.S. metros, led by Austin, Texas, Phoenix and Raleigh, N.C. 

The latest S&P CoreLogic Case-Shiller Index was released today. What does it show about Phoenix real estate?

The increase ends a six-month string of monthly declines, the National Association of REALTORS® said.

New-home inventory rose to 444,000 homes in May from 437,000 homes in April, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.  

Meanwhile, existing-home sales slid 3.4% from April to a seasonally adjusted annual rate of 5.41 million, according to the National Association of REALTORS®.