redfin
Housing market hit hard as mortgage rates reach 20-year high, inflation woes grow
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Phoenix housing cooling faster than markets in most other major cities
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Mortgage payments up 15% since mid-August
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Homebuyers face most volatile mortgage rates in 35 years
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Bidding wars fall to lowest level since April 2020
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Sellers lose the upper hand as mortgage rates rise
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Homes now selling below asking price
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Home sales drop to lowest level since mid-2020
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Bigger portion of Phoenix homes sitting on the market for 30-plus days
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Homebuyer competition falls in Phoenix and nationally
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