Market Update – November 25

Best Q4 for Contract Activity in 3 Years for Greater Phoenix
First-Time Homebuyer Payments are Down 13%-15%
For Buyers
It’s been an exciting month of November since President Trump floated the idea of a 50-year mortgage to help some buyers …

Market Update- September 25′

Payments Drop 12%, Monthly Sales Up 9.4%

As the Market Turns: Could a Recession be Good for Housing?

For Buyers
Be aware, the market is turning. Reading the Cromford Market Index (CMI) for Greater Phoenix, a measure under 90 is …

Market Update- August 25′

New Contract Activity Bounces after July 4th

Active Supply has Been Reduced 14% since April

For Buyers

Since April, active supply levels have now declined 13.6% due to a large increase in cancelled and expired listings from May through July …

Market Update- July 25′

Guess Which City Bounced into a Seller’s Market this Month

Where Have Home Prices Dropped the Most?

For Buyers

Welcome to July in Phoenix where it’s so hot we saw a bird pull a worm out of the ground with …

Market Update- April 25

Markets are a Mess, but it’s Business as Usual for Housing
New Contracts Spike Between $250K-$500K
For Buyers
It’s not easy to do predictions these days, even for just a month or two out. Home values typically don’t turn on …

Market Update- May 2025

Are Homes Overvalued in Greater Phoenix?
Only 6 Cities Left in Seller’s Markets
For Buyers
In April, there was a crisis of “crisis” headlines, spurred by unexpected tariffs and market volatility. The end result was mortgage rates rising from 6.6% …