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Phoenix Market Update

Phoenix Market Update

Here’s a quick look at the latest Phoenix real estate market activity. Homes are spending a similar amount of time on the market as before. The number of homes for sale and those being purchased remain steady.
Will Middle East War Cloud Mortgage Rate Cuts?

Will Middle East War Cloud Mortgage Rate Cuts?

Mortgage rates hovered between 6.5% and 7% amid ongoing economic uncertainty. Middle East tensions had minimal impact on rates, as ceasefire holds and inflation remains key. Tariff-induced inflation may delay Fed cuts, keeping mortgage rates elevated into 2025. The...

Zoning and Rent Control Raise Housing Prices

Cities with rising populations generally see higher housing prices, while places like Peoria face no affordability issues. Phoenix and Tampa experienced a 65% rent increase over a decade. Notably, Chicago, San Diego, and Los Angeles, despite population losses, have...
Spring Ends With a Surprise Home Price Rebound

Spring Ends With a Surprise Home Price Rebound

Home prices rebounded 0.2% annually after a 1.1% dip, showing steady value growth in May 2025. Median price per square foot rose 0.9% year-over-year, reflecting rising home values despite smaller sizes.
Best Deals in Phoenix Housing 2025

Best Deals in Phoenix Housing 2025

In mid-2025, 33.2% of Phoenix homes have price cuts. Homes sit longer, giving buyers more room to negotiate. Slower demand increases buyer leverage in Phoenix market. Many sellers delist rather than lower prices, aiding buyers. Buyers have increased power in Phoenix’s...