Tammy Auther has joined the Biltmore-Paradise Valley office of Coldwell Banker as an affiliate agent. 

Home prices were up 26.1% in Phoenix on a year-over-year basis, compared to 18.3% nationwide, CoreLogic reported, citing its Home Price Index. 

“Contract signings to buy a home will keep tumbling down as long as mortgage rates keep climbing, as has happened this year to date.” — National Association of Realtors chief economist Lawrence Yun  

Matching June’s historic move, the Federal Reserve announced that interest rates are rising .75%. The target range for the federal funds rate now sits between 2.25% and 2.5%.

At the same time, the inventory of new homes for sale rose 10.7%, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.

Home prices in Phoenix experienced among the highest gains in the nation in May, jumping 29.7% from the previous year and far outpacing the national average, according to the S&P Corelogic Case-Shiller Index.

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.  

Opendoor examined MLS data in areas where it has brokerages and ranked ZIP code 85138 in Maricopa No. 17 in the nation.

Three Phoenix-area developments made the list of the 50 top-selling master-planned communities in the country. 

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. 

Two years of home price growth in the ARMLS ended in June when the median sold price dipped to $500,000 compared to $510,000 in May.

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

Talk about a detached home. Floating out in the United Kingdom’s Humber Estuary is Bull Sands Fort: a military sanctuary designed during the first World War.

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.