News items about home prices, mostly in Arizona
Phoenix home prices are seeing gradual growth as the real estate market shifts back toward more typical conditions. According to the Cromford Report, the median sales price for a Phoenix-area home rose modestly in April, signaling a cooling trend compared to the frenzied pandemic-era housing market. Industry experts say the market is becoming more balanced,…
Phoenix home prices are experiencing modest growth, signaling a return to more balanced conditions in the housing market. According to recent data, the median home price in the Phoenix metro area has risen to approximately $439,900, a 6.4% increase compared to the same period last year. Industry experts say the current trend reflects a stabilization…
Phoenix home prices are experiencing modest growth as the housing market shifts back toward more typical conditions following years of dramatic fluctuations. According to local experts and housing data, prices in the area have risen slightly, signaling a move away from the extremes seen during the pandemic-driven boom and subsequent cooldown. Demand remains steady, but…
The Phoenix housing market is beginning to stabilize after years of dramatic fluctuation, with home prices experiencing modest growth. Experts say the market is returning to more normal conditions, with buyers and sellers adjusting to higher mortgage rates and a slower pace of activity. In February, home prices in the Phoenix metro area increased by…
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…