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Blog Market UpdateMarket Update
Market Update- September 23

Why Buyers Should Stay in the Game in 2023

Sellers: Prepare for Longer Days on Market in Q4 For Buyers:

When first-time home buyers talk to their parents or grandparents about today’s mortgage rates, they may get a response similar …

Blog Market UpdateMarket Update
Market Update- August 23

For Buyers: Not a lot of changes are happening in the housing market right now. It’s as if both buyers and sellers are in a holding pattern awaiting a sign before making a move. Conventional mortgage rates have held steady …

Blog Market UpdateMarket Update
Market Update- July 2023

Mortgage Interest Deduction Saves Money for New Homeowners

Home Values Appreciated 5-7% Since December 

For Buyers:While many professionals tout appreciation as the main benefit of homeownership, higher mortgage rates bring another tool into the equation that hasn’t been promoted …

Blog Market Update
Market Update- June 2023

Median Hits $440K, Annual Appreciation Expected to be Positive Again Soon

Traditional Buyers Rebound After Investors Retreat For Buyers:

Last month we reported that the year-over-year supply change will be negative within 6 weeks, and at that time supply was …

Blog Market Update
Market Update- May 2023

Greater Phoenix Losing 246 Listings per Week in 2023

Prices Recovering, Median Up to $425K in May For Buyers:

The sharp decline in supply for Greater Phoenix is a good reason for buyers to have a sense of urgency about …

Blog Market Update
Market Update- April 2023

Supply Down 36% Since October, Dropping 54 Listings per Day in April

Two More Cities in Sellers Markets This Month, Prices Up 4 Months in a Row For Buyers:

It’s been an eventful 4 weeks, again. Conventional rates …

Blog Market UpdateMarket Update
Market Update- February 2023

Accepted Contracts Up 86% in 5 Weeks

Phoenix Back to a Sellers Market! But Its Not 20202022 Again. For Buyers:

The Spring season is upon Greater Phoenix. February hosts the Waste Management Open and …

Blog Market Update
Market Update- December 2022

Greater Phoenix Officially a Buyer Market, First Time Since 2010

Mortgage Rates Hold the Key to Affordability For Buyers:

Buyer demand has been more reactive to mortgage rates than normal, but that’s to be expected at the rate of increase …

Blog Market UpdateMarket Update
Market Update- November 2022

OnebyOne, Most Cities in Greater Phoenix Succumb to a Buyers Market

44% of October Sales Involve Seller Paid Concessions to Buyer For Buyers:

Greater Phoenix as a whole has been in a balanced market …

Blog Market Update
Market Update- October 2022

More Buyers Got Help With Closing Costs in September

What To Expect for Housing in the 4th Quarter For Buyers:

The price reductions keep coming. Last week when mortgage rates hit 7.0%, the Greater Phoenix housing market re- sponded with …

Blog Market UpdateMarket Update
Market Update- September 2022

32% of New Home Sales Had Concessions to Buyers

Mortgage Rate Hikes Cause Drop in Contracts Again For Buyers:

The percentage of closings with seller-paid closing costs continues to grow as August and September to date range be- tween 12-13% …

Blog Market Update
Market Update- August 2022

SellerPaid Closing Cost Assistance Coming Back

This Price Point is Declining the Fastest in Greater Phoenix For Buyers:

Good news for buyers, the number of closings with seller-paid closing costs rose 27% in July compared to June equating …

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