Phoenix Market Rebalances After Years of Rapid Growth

The US housing market is cooling after years of rapid price growth, offering more balanced conditions for buyers and sellers.
Mortgage rates have dipped slightly, making homes more accessible to potential buyers nationwide.
Economic uncertainty is keeping some buyers cautious, even as affordability improves.
Phoenix is seeing slower home price growth, signaling a shift from its previously hot market.
Buyers may have more negotiating power as inventory gradually increases.