News / Features

Where does Phoenix land on list of greenest cities?

The travel insurance provider reviewed “cities of all sizes and in regions across the nation” to assess the greenest communities in the U.S.

New residential sales fall in April as home prices, mortgage rates continue to climb 

The rate of new single-family home sales fell 16.6% from March’s revised number, while the median sales price jumped to $450,600 from March’s revised median house price of $435,000. 

Compass joins the Fortune 500

Compass made its debut on the Fortune 500 today, becoming one of the youngest companies to make the list.

‘Unusual’ market in April as home sales slow, but listed homes still sell quickly and at high prices

The inventory of unsold homes increased in April, while the median existing-home sales price rose, according to the National Association of REALTORS®.

Single-family home construction slows for second month in a row as apartment starts jump 

“Builders are responding to higher mortgage rates and are chasing rising rents, with fewer homebuyers and more renters being forced to renew their leases.” — NAR Chief Economist Lawrence Yun 

Find out where Phoenix ranks on the new Best Places to Live list

Phoenix, which has seen an influx of new residents in recent years, scored highest on net migration and value/affordability. 

NAHB: Builder confidence plunges in May on affordability concerns 

The release of the monthly survey from the National Association of Home Builders comes as the Biden Administration unveiled a housing-supply action plan that aims to boost the supply of affordable apartments and new homes. 

Inside the rise in Hispanic homeownership

The rate of Hispanic homeownership is steadily increasing, new data from The National Association of Hispanic Real Estate Professionals shows. With 8.8 million Hispanic-owned households, more than 48% of Latinos now own homes, reflecting a continual rise since 2014.

Realogy rebrands as Anywhere Real Estate

Realogy Holdings Corp. is officially rebranding as Anywhere Real Estate Inc. According to a press release, the company expects to implement the rebrand by end of second quarter 2022.

Zillow 3D Home tours now available on Redfin

Zillow 3D Home tours, which offer interactive, 360-degree views of listings, will now appear on Redfin automatically — with no additional steps required from agents.

Enjoy many starry nights in this Pennsylvania home

When a quaint home in Conestoga, Pennsylvania, hit the market recently, the listing went viral. Illustrated in the style of Vincent van Gogh’s “Starry Night,” the walls are colored with vibrant, swirling hues.

Mortgage applications rise for second week despite historically high rates 

Despite a slow start to the spring homebuying season, prospective buyers are showing some resiliency in the face of higher mortgage rates, as seen by two weeks in a row of increasing loan applications. 

As housing supply rebounds across the U.S., prices are especially high in Phoenix

Though the number of active U.S. listings did shrink in April, it fell by the smallest amount — 12.2% — since December 2019, according to a new monthly report from Realtor.com. And the change has left experts feeling confident.

Smaller markets lead the way in Q1 home-price gains; Phoenix sees 27% rise

Seventy percent of the 185 metros surveyed by the National Association of REALTORS® saw double-digit price gains in the first quarter, compared to 66% in the preceding period. 

Mortgage applications fall as rates hit 13-year high 

Overall mortgage-application volume was at its lowest level since 2018, the Mortgage Bankers Association said.

New-home sales fall again in March 

Low inventory and rising interest rates have reduced prospective homebuyer purchasing power. 

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