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Phoenix is a rapidly growing city known for its strong job market, affordable housing, and year-round sunshine. Summers are extremely hot, often exceeding 110°F, while winters are mild and pleasant. Median home prices range from $400,000 to $450,000, with rents...

Let’s connect and talk about the latest insights in the industry! Continue to full article

Let’s connect and talk about the latest insights in the industry! Continue to full article

US existing-home sales slipped 1.7% in Early-Q3 to a 4.06M annual pace, slightly above economists' expectations and still ↑0.7% on a yearly basis. Median existing-home prices reached a record for Early-Q3 at $434.1K, while the benchmark 30-yr fixed mortgage rate...

In Mid-Q3, the avg. 30-yr fixed rate sat near 7%, and an expert expected near-term borrowing costs to stay in the mid-6% range. Across major forecasts, analysts expected the 30-yr fixed rate to remain ~6% to mid-6% through 2028, with no return to much lower ranges....

An industry group projected the 30-yr fixed mortgage rate would hold in the low-6% range through the rest of 2026 nationally for buyers. That outlook suggested borrowing costs would stay elevated, continuing to compress affordability for US households shopping the...