The priciest new listing in Arizona is a $21 million mansion nestled into Camelback Mountain.

Geographically, the only region to post a monthly increase in pending sales was the Northeast, where they rose 2.1%, according to NAR’s Pending Home Sales Index.

Nationally, the pace of home-price appreciation declined to its slowest pace in almost two years, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. 

A new report from U-Haul identified the most common states of origin for do-it-yourself movers who relocated to Phoenix.

Radiance at Superstition Vistas, an Apache Junction master-planned community from D.R. Horton, was the top-selling MPC in the area — and in Arizona.

Real estate economist Matthew Gardner joins Agent Publishing Co-Publisher Anne Hartnett to unpack the biggest housing trends from the second quarter, plus the potential impact of a new Fed chair and the future of Fannie Mae and Freddie Mac.

The inventory of new homes for sale surged year over year, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.    

The 3-story building currently serves as a law office, but it’s also a stop on Boston’s Freedom Trail.

At the same time, the pace of existing-home sales declined from May’s level. 

Nationally, home sales rose 5.7% year over year and 1.3% month over month, RE/MAX said. 

Surprise was the top city in Arizona and the No. 4 city in the U.S., with Wallethub naming the Phoenix suburb the top real estate market in the country.

New single-family home construction declined as builders continue to grapple with macroeconomic headwinds. 

“Following the tragic floods in Texas, we at the National Association of REALTORS® and the Realtors Relief Foundation are heartbroken at the lives lost and the communities devastated,” said RRF President Greg Hrabcak.

Across the United States, foreign buyers purchased $56 billion worth of residential real estate during the 12 months ended in March. That was a 33% increase over the same time period a year prior.

Purchase applications slowed to their lowest level since May as economic worries dampened activity, the Mortgage Bankers Association said. 

Zillow has rolled out five new features this summer to make searching for homes easier and more efficient.