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Phoenix, AZ Demand Grows Through Adjustment

Phoenix, AZ Demand Grows Through Adjustment

Phoenix posted pending sales ↑28.6% yearly, showing buyer activity is improving even as the local market continues adjusting to current affordability realities. In Phoenix, >half of active listings have taken price cuts, giving prepared buyers clearer negotiation...

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Phoenix AZ Buyers Gain Breathing Room

Phoenix AZ Buyers Gain Breathing Room

Phoenix recorded 6.9K closed sales in Mid-Q2, ↓~3% MoM, while new listings ↓~12% to 9.7K, signaling a calmer pace for both sides. Active inventory reached 22.4K homes, ↓~2% MoM, yet Phoenix still offered ~3-mo supply, giving buyers more room than boom-era conditions...

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Markets Await Pending Home Sales Data

Markets Await Pending Home Sales Data

Pre-market futures are lower, with the Dow down 0.18%, S&P 500 down 0.32%, Nasdaq down 0.57%, and Russell 2000 down 0.49%. Oil prices rise to $108-$110 per barrel amid ongoing conflict in Iran. Bond yields increase, with the 10-year at 4.617%. Housing data shows...

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Down Payment Assistance Programs in Arizona 2026

Down Payment Assistance Programs in Arizona 2026

Arizona provides various down payment assistance (DPA) programs statewide and regionally, offering grants, forgivable loans, and tax credits to qualified buyers. Programs like Home Plus and Arizona Is Home offer below-market mortgages with assistance, while...

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Cities with the most expensive homes in Arizona

Cities with the most expensive homes in Arizona

The most expensive homes in Arizona are primarily in the Phoenix-Mesa-Chandler metro area, with Paradise Valley leading at a typical home value of $3.5 million, showing a 12.9% increase over one year and 84.1% over five years. Other high-value cities include Carefree,...

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Housing Market Normalizes in H1 2026

Housing Market Normalizes in H1 2026

H1 2026 showed normalization, not a boom or bust, as higher rates, improving choice, and resilient demand created a more balanced market. Avg. H1 inventory reached 731K homes, with 2.44 mo of supply, giving buyers more choice as the market became more balanced...

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