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Flat prices, strong home sales define Phoenix August housing market
Greater Phoenix home sales rose 4.6% from July and 2.8% year-over-year for 2025, outpacing national growth. Inventory increased 23.5% to 4.2 months, while new listings dropped 9.7%. Median home prices remained stable at $475,000 in August, with a slight annual rise to...
2.25% Fed Rate: Coming by 2027?
Fed projects a 2% in rate cuts by end of 2027. Forecast: Fed funds rate to decline to 2.25%–2.50% by late 2027. Despite tariff-driven inflation bumps, slowing growth will push Fed to cut further. 10-year Treasury yield forecast to fall to 3.25% by 2028, down from 4.2%...
Phoenix Home Prices Down in August
In August, Phoenix home prices fell slightly to a median listing of $475,000, with price per square foot decreasing 0.5%, less than the national 1.2% drop. Listings dropped 6.2% from July but were 35.5% higher than last year. Homes took 68 days to sell, longer than...
How High Will Home Prices Go by 2028?
Experts project US home prices ↑ 15.2% cumulatively by the end of 2028. Optimistic forecasts expect ↑ 24.3% cumulative growth by 2028, driven by strong demand and limited inventory. Pessimistic estimates show only ↑ 5.6% growth, citing high rates and affordability as...
Phoenix Leads Metro Investment Potential
Phoenix delivers over 21K apartments in 2025. Semiconductor and tech growth boost housing demand. Investors attracted to strong population inflows. City expands attainable housing supply pipeline. Rental absorption remains healthy across submarkets.
Tips for First-Time Home Buyers
Buying a home for the first time can be thrilling yet challenging. Key tips for first-time buyers include ensuring financial readiness, setting and adhering to a budget, and aiming for a 20% down payment. It's crucial to pay off debt and save for closing costs,...