Source: Phoenix Business Journal | Angela Gonzales

More than 60% of the municipalities tracked by the Home Builders Association of Arizona have issued fewer single-family homebuilder permits this year through April than the same period last year — another sign the Valley's housing market is cooling.

Overall, the 21 municipalities ...

Source: Housing Wire | Logan Mohtashami

We are at the point of the economic cycle where I really just get two questions: Are we going into recession and are home prices about to fall? I am going to do my best to try to make sense of what is happening with ...

Source: Phoenix Business Journal | Ashley Fahey

U.S. mortgage lending activity continued its descent in the first quarter of 2022.

More specifically, the 2.71 million mortgages secured by residential property that originated in Q1 was a 18% decrease from Q4 2021, the largest quarterly decrease since 2017, and down ...

Source: HousingWire | Connie Kim

Soaring home prices continue to serve existing homeowners, with nearly 45% of all property owners now considered equity rich, a year-over-year jump that boosted 13% more homeowners into the prime position.

A homeowner is considered equity rich when they have at least 50% equity in their ...

Source: Phoenix Business Journal | Angela Gonzales

Homebuyers are seeing a dramatic drop in purchasing power as a result of rising mortgage interest rates surpassing 5% — but for now homebuilders still can't keep up with demand.

In his recent quarterly housing update for homebuilders and clients, Steven Hensley, senior ...

Source: Zillow Premier Agent

On the heels of the latest Zillow market report, which showed rising inventory and cooling rents, we spoke with Senior Economist Jeff Tucker for three timely market insights agents need this spring.

1. Inventory rose substantially in March, a welcome return to seasonal norms as interest ...

Source: Phoenix Business Journal | Ashley Fahey

With mortgage rates rising and home-price appreciation continuing, there may finally be enough forces to slow the pandemic-fueled booming housing market.

One key metric suggests inventory shortages — the most commonly cited challenge in today's housing market — are starting to wane. For ...

Source: Phoenix Business Journal | Sara Edwards

Rents in Maricopa County had been steadily climbing even before the start of the pandemic in March 2020. With home prices now soaring to record levels, more people are being forced to rent houses, condos and apartments, which adds more upward pressure on rents ...

Source: Phoenix Business Journal | Angela Gonzales

Demand for luxury homes skyrocketed during the Covid-19 pandemic, leaving few empty lots for homebuilders who want to capitalize on the hot market in the Valley’s wealthiest ZIP code. 

That ZIP code — 85253 — primarily makes up the enclave of Paradise Valley ...