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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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Homebuyers Return Despite Higher Mortgage Rates

Homebuyers Return Despite Higher Mortgage Rates

Purchase mortgage applications ↑4% from the prior period and ↑7% yearly, showing buyers re-engaging despite higher borrowing costs across major loan types. Total mortgage application volume ↑~2% for the May 8 period, while 30-yr fixed rates reached the mid-6% range,...

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Arizona Housing Gap Has Deeper Roots

Arizona Housing Gap Has Deeper Roots

Slide 1 Everyone blames short-term rentals for Arizona's housing crisis… but the real story? Way deeper, way messier. Slide 2 Since 2010, Arizona added 57K short-term listings but lost 55K vacation homes—basically a swap, not a takeover. Slide 3 The real culprit:...

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