The National Association of REALTORS® Pending Home Sales Index rose for the third month in a row, suggesting the housing market’s contraction could be “coming to an end.” 

In Phoenix, home prices were flat year-over-year in January; month over month, they were down 1.2%. 

NAR’s annual Home Buyers and Sellers Generational Trends Report reveals that millennials are losing their market share — fast — while baby boomers and Gen Z make new gains.

The supply of new homes for sale ticked lower from February, according to government figures.

The annual rate of 4.58 million sales was up 14.5% from January but down 22.6% from the February 2022 rate of 5.92 million. 

Nationally, the week of April 16-22 is likely to provide sellers with the most favorable conditions for a successful sale of any week of the year, although the exact timing varies widely by market. 

The vast majority of Realtors — 92% — suggest that sellers improve the “curb appeal” of a home before listing. But how exactly should they go about that?

A shortage of existing-home inventory is driving more people to the market for newly built homes. 

As president, Swift will strategize growth for Lessen’s residential services while Krumwiede, as CSO, will lead scalable business plans and oversee expansion opportunities, as well as capital markets activities.

Arizona Realtors from all over the state are invited to learn, connect and strategize at the event, which is themed “stepping up” to help create a better business for all.

Homebuilders expressed “cautious optimism” that the lack of existing inventory would drive demand for new homes despite high construction costs and interest rates, the National Association of Home Builders reported.    

Phoenix REALTORS® named Andrea Crouch their 2022 REALTOR® of The Year. Crouch served as the president of the board of directors last year.

“Latinos are more mortgage ready. Latinos have made strides in income and are more educated in the homebuying process,” said Nidia Fromenta Peguero of Century 21 North East in Danvers, Massachusetts. “They don’t want to rent anymore.”

“We believe Ironwood at Happy Valley will be an asset to the local community for years to come,” said Hamilton Zanze Chief Investment Officer, David Nelson.

The Mortgage Bankers Association noted the increase in borrowing activity came despite the 30-year fixed mortgage rate climbing to its highest level since November 2022. 

More Phoenix renters were evicted from their homes in 2022 than in any year in the past decade.