Home Prices

After years of soaring prices and intense competition, Phoenix homebuyers are finally gaining leverage in the housing market. Inventory has surged, with nearly 20,000 active listings—double what was available in early 2023. This increase has cooled the market, giving buyers more options, reducing bidding wars, and leading to more price cuts. While mortgage rates remain…

After years of sky-high prices and fierce bidding wars, homebuyers in the Phoenix metro area are finally gaining the upper hand. A recent uptick in housing inventory, slowed purchase activity, and lengthening days on market are giving buyers room to negotiate. Although prices remain elevated compared to pre-pandemic levels, the balance of power is shifting…

After years of soaring prices and tight competition, the Phoenix housing market is finally shifting in favor of homebuyers. According to recent data, inventory in the region has increased significantly, giving buyers more options and room to negotiate. Real estate experts note that the cooling market is largely due to rising interest rates and economic…

Homebuyers in Phoenix are starting to gain leverage in the housing market after years of tight inventory and rising prices. With more homes available and sellers showing greater willingness to negotiate, price cuts are becoming increasingly common. Rising mortgage rates have also contributed to a slowdown in demand, giving buyers time and bargaining power in…

After years of soaring prices and fierce competition, the Phoenix housing market is finally beginning to favor buyers. Inventory has steadily grown, giving home shoppers more options and increased negotiating power. Real estate experts attribute the shift to higher mortgage rates and a cooling post-pandemic demand, which have slowed the once red-hot market. Sellers are…

After years of soaring prices and limited inventory, homebuyers in Phoenix are finally gaining the upper hand in the housing market. A combination of rising mortgage rates, expanded inventory, and cooling demand has shifted the balance of power, giving buyers more options and the leverage to negotiate. Sellers, facing longer listing times and fewer bidding…

Homebuyers are regaining leverage in the Phoenix housing market as high mortgage rates and elevated home prices deter potential buyers, leading to a notable slowdown in sales. According to real estate analysts, the number of home listings in the metro Phoenix area has increased significantly while the rate of home sales has decreased, putting pressure…

After years of rapid price growth and limited inventory, the Phoenix housing market is finally shifting in favor of buyers. A growing supply of homes for sale—combined with longer time-on-market and more price cuts—has given buyers increased leverage in negotiations. Experts attribute the change to higher mortgage rates and affordability concerns cooling demand, leading to…

Homebuyers are finally gaining leverage in the Phoenix housing market after years of being squeezed by rising prices and stiff competition. Inventory is growing, homes are taking longer to sell, and more sellers are cutting prices — trends that mark a significant shift from the chaos of previous years when bidding wars were standard and…

Prospective homebuyers in Kansas are facing steep increases in mortgage payments compared to just three years ago. According to a recent report, monthly payments have surged by 69.1%, mainly due to higher home prices and increased mortgage interest rates. In 2020, the average monthly mortgage payment in Kansas was around $974, but that number has…