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New-Home Buyers Lean on Government Loans

New-Home Buyers Lean on Government Loans

Applications for new-home purchases ↓~2% yearly and ↓10% MoM in Early-Q2, showing affordability still shaped buyer timing. Estimated new single-family sales ran at a 655K annual pace in Early-Q2, ↓~9% from Late-Q1’s revised 717K pace for builders tracking demand....

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Arizona Buyers See Limited Price Relief

Arizona Buyers See Limited Price Relief

Only low-40% of Arizona households could afford a new mortgage, so buyers benefit from careful budgeting, payment planning, and targeted searches today. Past price relief was modest, and high starting values kept broad affordability pressures in place across...

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Phoenix Inventory Gives Buyers More Options

Phoenix Inventory Gives Buyers More Options

Active listings across the Valley reached ~20K in Early-Q2, giving buyers far more choices than recent tight market conditions across the Phoenix area. Near record-high supply makes preparation matter: buyers can compare homes carefully, while sellers need sharper...

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Home-Price Reductions Decline in April

Home-Price Reductions Decline in April

In April, 35.4% of U.S. home sellers cut their asking prices, slightly down from 35.6% in March and below the August peak of 36.6%. The average price cut was 4%. However, 21 metros saw increases in price reductions, with Phoenix rising to 50.8%, Seattle to 29.5%, and...

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