Interest rates on mortgages of all types declined last week, spurring an uptick in borrowing, the Mortgage Bankers Association reported. 

Nearly 800 real estate professionals attended the event, where Berkshire Hathway revealed that the company closed 10,854 transactions in 2022 with a sales volume of over $7.2 billion.

Price hikes are slowing down and inventory is up — generally — but less expensive homes are bucking larger market trends. According to Zillow, the price of bottom-tier homes increased 8% year over year, while bottom-tier inventory increased just 1%.

Redfin has launched a ChatGPT plug-in to help buyers find their new home, a potentially powerful tool in their arsenal as today’s homebuyers work to find the perfect home.

NAR Chief Economist Lawrence Yun said the Federal Reserve’s latest increase in its benchmark interest rate is an unnecessary threat to many small regional banks.

The brokerage says the “business communities” — KW Operations, KW Wellness and KW Clarity — provide agents with specialized training, technology, coaching and referral opportunities. 

According to the NAHB, The New American Home® represents the latest in luxury real estate. It was unveiled at their recent tradeshow.

Dubbed Kings Landing, this stately waterfront property in Long Island inspires comparisons to “The Great Gatsby.” It’s listed by Ryan Serhant and Rachel King of SERHANT, in collaboration with Stefani Berkin and Robert Barr from We R New York.

High demand drove multiple offers on about a third of pending sales, while 28% of homes sold above list price, the National Association of REALTORS® reported. 

The brokerage will work in partnership with Keller Williams Integrity First Realty in Gilbert.

The average monthly HOA fee in Arizona is $448, second-highest in the nation.

Four showcase homes are currently planned for construction at Silver Sky, ranging in size from 7,500 square feet to 15,000 square feet.

The development will be an age-restricted property, limited to senior citizens who make 60% or less of the area median income.

U.S. government data shows builders increased the pace of single-family home construction while slowing the pace of multifamily starts. 

The National Association of Home Builders/Wells Fargo Housing Market Index rose for the fourth month in a row in April as the construction industry remained “cautiously optimistic.”     

Which Phoenix neighborhoods do Zillow users dream about most?