News items about home prices, mostly in Arizona
Phoenix home prices are showing modest growth, signaling a return to more typical real estate market conditions after the rapid fluctuations of recent years. According to the latest data, the median sale price for homes in the Phoenix area has risen slightly, reflecting a trend toward stabilization. Experts say this slower pace of appreciation is…
Phoenix home prices are experiencing modest growth as the real estate market begins to stabilize after years of dramatic fluctuations. According to the S&P CoreLogic Case-Shiller Home Price Index, prices in the Phoenix area rose by just under 1% from February 2023 to February 2024. Experts suggest this is a sign the market is returning…
The housing market in Phoenix is showing signs of shifting, providing a potential opportunity for homebuyers. According to Tina Tamboer of the Cromford Report, metrics indicate the Valley is leaning toward a buyer’s market, especially in certain submarkets. Inventory has been steadily climbing while demand remains relatively soft, giving buyers more leverage in negotiations. Although…
Homebuyers in the Phoenix metro area may finally have the upper hand, as recent data suggests a shift toward a buyer’s market. According to a study by ResiClub and Zillow, Phoenix is among ten U.S. metro areas most favorable for buyers due to a combination of increasing inventory and longer market times for homes. Notably,…
Kelly Morgan, 27, grew up in Arizona and took a key piece of advice from her parents with her when she moved to Colorado. They had bought a home in their mid-20s and drilled it into her that she needed to buy a place of her own as soon as she could.“I didn’t think that…
As anyone who is a millennial or younger knows, it feels damn near impossible to buy a house right now. Millennials graduated into the Great Recession, then watched as home prices vastly outpaced wage increases over the next 15+ years. The pandemic brought historically low interest rates, but those came with skyrocketing prices. Then, the…
Rick ShargaMay 16, 2025 at 6:56 AMKey takeawaysSellers have had the advantage in the housing market for several years, largely due to low levels of available homes.However, many experts see market conditions starting to shift in buyers’ favor.Whether conditions favor buyers or sellers may depend on individual local market dynamics.Homebuyers, it seems, haven’t been able…
Every day, Arizona families face impossible choices: parents skipping meals to afford rent, seniors rationing medication, and workers enduring hours-long commutes just to keep a roof overhead. The numbers don’t lie — home prices have surged 57% since 2019, while half of all renters spend over 30% of their income on housing…
Nearly every Arizona-based public company took a hit last week after President Donald Trump announced tariffs on most of the world’s imports, but Wednesday’s delay of most of those tariffs was a change of course.Trump’s decision to set a 90-day pause on tariffs the administration had previously announced gave Wall Street a jolt, with the…
While the cost of a new home continues to rise in Arizona, it’s in the middle of the pack when it comes to comparing states with the highest home ownership costs.That’s according to a recent study from Roofing Craftsmen, a company that specializes in residential roof replacement. The study identified the most expensive places to…