News / Features

A close encounter in Kansas City

In Kansas City, Missouri, is a home that’s truly out of this world. Newly remodeled, the building resembles a spaceship, sending buyers to infinity and beyond!

Get your kicks on Route 66!

Located off the original Route 66 in Carlinville, Illinois, this former church is a gateway to history — but full of future opportunity.

As construction surges, builders are confident once again

It’s been a groundbreaking time for new home construction — literally. The annual rate of new construction surged to 1.631 million units in May: the biggest leap in 33 years.

Former employee sues NAR, alleges discrimination by President Kenny Parcell

The National Association of REALTORS® has been named in a new lawsuit by Janelle Brevard, the organization’s former chief storyteller. NAR President Kenny Parcell is named multiple times in the complaint.

NAR: Pending-home sales dip in May as demand remains strong 

Transactions that do go through are typically seeing multiple offers, NAR Chief Economist Lawrence Yun said. 

Case-Shiller: Home-price index just 2.4% off 2022 peak; Phoenix sees 6.1% decline 

A third consecutive month of increases in the S&P CoreLogic Case-Shiller U.S. National Home Price Index lends new evidence to claims that previous declines could be behind the market. 

New-home sales surge in May 

Demand for newly built homes has remained strong as high interest rates keep many would-be sellers of existing homes off the market. 

Lisa Paffrath appointed treasurer of Arizona REALTORS®

Paffrath is replacing Mandy Neat, who stepped down from the position after accepting a position with the Deputy Commissioner of the Arizona Department of Real Estate.

NAR: Existing-home sales tick higher in May 

At the same time, the median existing-home price for all housing types slid 3.1% year over year to $396,100. 

NAR CEO Bob Goldberg to retire at end of 2024

Goldberg’s retirement comes after 30 years of service with NAR and four decades of real estate experience.

Camelot Homes partners with The Brokery

Phoenix-area firm The Brokery will exclusively handle the sales for two Phoenix-area communities from Camelot Homes.

Single-family home starts jump in May 

The larger-than-expected increase comes as homebuilder sentiment rose for the sixth month in a row. 

Housing inventory faces largest decline since 2022

There are nearly 40% fewer homes for sale now than before the pandemic began

Arizona REALTORS® launches real estate scholarship program

Scholarship recipients will receive up to $1,500 and can use the money for pre-licensing school, exam expenses or initial state and national association dues.

Fed pauses interest rate hikes

The Federal Reserve on Wednesday halted its streak of 10 consecutive rate hikes since March 2022.

Phoenix is one of the most cost-effective cities in the world

Phoenix ranked as the fourth-most cost-effective city in the world, rising over every international city on the list other than No. 2-ranked Bucharest.

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