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Buyers gain leverage in Phoenix residential real estate market
Phoenix's residential real estate showed mixed results in July 2025. Closed sales rose 1.8% year-to-date, while pending sales dropped sharply, hitting the lowest level since 2007. Median home prices slightly declined to $470,000 but rose 0.4% year-to-date....
Homebuyers, Don’t Wait for a Miracle Rate
Mortgage rates increased after five weeks of declines, driven by stronger-than-expected economic indicators. Experts forecast minimal rate relief through late 2025 despite Federal Reserve predictions of future cuts. Waiting for rate drops may backfire as housing...
Phoenix Homeownership Becomes Easier in 2025
Phoenix affordability improved as buyer-required income declined in 2025. Affordability gains followed housing price reductions and inventory increases. Market shifted into buyer’s territory over eight months. Sellers now offer concessions up to $15,000 for buyers....
How Big Can Arizona Adus Actually Be?
Slide 1 Arizona now requires big cities to allow ADUs—giving homeowners new housing options. Slide 2 ADUs max out at 1,000 sq ft or 75% of your main home. Slide 3 Setbacks can be as little as 5 feet, opening doors for smaller lots. Slide 4 HOAs can’t fully ban ADUs,...
Price-to-rent ratios across 52 cities
The price-to-rent ratio helps determine if buying or renting is more affordable in a city by dividing median home price by annual rent. Ratios below 18 favor buying; above 18 favor renting. In 52 U.S. cities, ratios vary widely, with places like San Jose at 45 and...
Homebuying Affordability Is Improving in These 11 Places
The income needed to afford a typical U.S. home is $112,131, slightly up from last year, but has fallen in 11 major metros, mostly Sun Belt cities, due to declining home prices and increased inventory. Meanwhile, affordable Midwest metros like Detroit and Cleveland...