After an extended period of soaring prices and intense competition, home buyers are finally gaining leverage in the Phoenix housing market. The shift comes as more properties become available and elevated mortgage rates cool down the demand, resulting in the highest housing inventory seen in years. As a result, buyers now have greater bargaining power,…
Buyers are beginning to gain leverage in the Phoenix housing market, a shift from the strong sellers’ market of the past several years. A growing supply of available homes, sluggish sales, and moderation in price hikes mean prospective buyers now find more choices and more negotiating power. Real estate agents report that buyers are less…
Homebuyers in the Phoenix area are finally gaining an advantage after years of dealing with high prices and fierce competition. A surge of new listings has led to a bump in available inventory, giving shoppers more options and leverage to negotiate on price, concessions, and repairs. Agents say sellers are adjusting to the new reality,…
The Arizona real estate market continues to experience significant changes as both buyers and sellers adapt to shifting economic conditions. Home sales activity in the region has seen fluctuations, with some neighborhoods reporting steady prices while others face slight declines. Experts note that elevated mortgage rates have contributed to decreased affordability, causing some potential buyers…
Arizona has emerged as the leading state for home price reductions in the U.S., with sellers cutting listing prices at a greater rate than anywhere else in the country. According to recent data, more than 42% of home sellers in the state have dropped asking prices, a sign that a cooling market and higher mortgage…
Arizona home sellers are making more price cuts than anywhere else in the country, according to new data. With rising mortgage rates dampening buyer demand, nearly 44% of homes for sale in Phoenix reduced their asking price in August, the highest rate among major U.S. metros. Other Arizona cities, such as Tucson, are also seeing…
Arizona homeowners are leading the nation in price cuts as the state’s real estate market cools off. According to recent data, sellers in cities like Phoenix are slashing asking prices more frequently than in other metro areas, with almost 43% of active listings in the Phoenix region experiencing a reduction. Rising mortgage rates and increased…
Home sellers in Arizona are making more price cuts than those in any other state, according to recent housing market data. In areas like Phoenix, nearly 44% of listings saw price reductions over the past month, signaling a shift as high mortgage rates and cooling demand have slowed the market. By comparison, about 36% of…
Home sellers in Arizona are leading the nation in cutting listing prices as the housing market cools. According to recent data, nearly 43% of Phoenix-area home sellers reduced their asking prices, more than any other major metro in the U.S. Experts cite rising mortgage rates, decreased buyer demand, and a surplus of homes on the…
Arizona home sellers are leading the nation in reducing asking prices as the real estate market cools. According to recent data, nearly 45% of homes for sale in metro Phoenix saw price cuts this summer—higher than any other metro area in the U.S. This trend comes as elevated mortgage rates and rising costs have sidelined…