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…
Former Arizona Coyotes owner Steve Ellman has put his 13,500-square-foot Paradise Valley home up for sale, listing it at $20 million. The opulent estate boasts six bedrooms, nine bathrooms, two guest houses, a state-of-the-art home theater, and a resort-style backyard complete with a pool, tennis court, and expansive views of Camelback Mountain. The Mediterranean-style property…
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…
Daisy, a growing real estate franchise network, has expanded its presence by opening its first franchises in both Michigan and Arizona. These new locations mark a significant milestone for the company, as it extends its footprint into these key states and continues its national growth strategy. The addition of the Michigan and Arizona franchises reflects…
Home prices fell in San Antonio this spring, per Homes.com. Why it matters: The area had resisted price drops over the last couple of years, … See the full Housing Inventory article, or, read more Arizona real estate investing news. Up to you! Either way, you’re on your game!
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…
After years of soaring prices and intense competition, the Phoenix housing market is finally tipping in favor of buyers. Recent data shows a surge in available inventory, giving house hunters more options and negotiating power than they’ve had in a long time. Sellers are facing increased competition and are more willing to offer price reductions…
June is off to an active and record-breaking start, with widespread showers and thunderstorms drenching much of the state! Some areas in the West Valley picked up more than an inch of rain overnight. A slow-moving low-pressure system is driving this wet and unseasonably cool start to June, drawing in deep moisture to fuel rounds…
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 several years of a hot seller’s market, the Phoenix housing landscape is finally shifting to favor buyers. Rising mortgage interest rates combined with a noticeable increase in the number of homes listed for sale have contributed to a less competitive environment. Prospective buyers are now encountering more choices, less competition, and even seeing homes…