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 …
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 …
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 …
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 …
Home Prices Rose 4.7% … Or Did They?
What was Hot in December, and What Was Not…
For Buyers:
Buyer’s season has begun and new listings for January are the strongest Greater Phoenix has seen since 2020. New listings waned …
Predictions for 2025, What to Expect in Q1
It’s a Buyer’s Market, Will Prices Drop?
For Buyers:
The buyer’s market in Greater Phoenix is still young at just over 5 weeks old, but isn’t getting worse thanks to supply stabilizing …
You May Be a First-Time Homebuyer and Not Know It
Greater Phoenix is a Buyer’s Market Again, For Now
For Buyers:
Newsweek released an article on November 6th announcing that the average age of a first-time homebuyer is now 38 …
Federal Reserve Drops their Rate, Buyer Contracts Increase in September
Mixed Emotions for Housing on Positive Jobs Reports
For Buyers:
For the first time all year, listings under contract are higher than they were last year at this time. Over …
Sellers Get Off the Fence as Mortgage Rates Continue to Drop
Why Recessions are Good for Most Home Buyers, but Not All
For Buyers:
It may be hard to believe, but recessions are historically the beginning of a turnaround for …
Mortgage Rates Drop Again – Homes are 10% Off
Record Share of Sellers Paying Buyers’ Fees
For Buyers:
On August 5th, everything went on sale in the housing industry. As discussed in last month’s edition, multiple factors are pointing towards …
Spring Season was a Snoozer. Will Summer be the New Spring?
Greater Phoenix is in a Balanced Market – What Sellers Need to Do
For Buyers:
“So we keep waiting, waiting on the world to change.” ~ John Mayer
Mortgage …
Sellers Compete on Condition as Builders Ramp Up New Permits
Why Homeownership is a Hedge Against Inflation
For Buyers
Inflation is a hot topic today. Talk to any investor about hedging inflation and they may bring up strategies that include …
