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Still a Buyer’s Market… Just a Little Less in Phoenix, Arizona As last week, 15 cities became more favorable for buyers over the past month, while the remaining 3 moved in a direction favorable for sellers. The latter group is Tempe, Gilbert, and Buckeye.   Leading the large group improving for buyers are Cave Creek, Peoria, and Avondale. All the other large cities that moved in favor of buyers did so by 6% or less.   The average change in Cromford Market Index (CMI)* was -2.

This Quarter Belongs to Buyers in Phoenix, Arizona For Buyers Mortgage rates dropped over 2 months from July 15th (6.85%) to September 16th (6.1%), dropping payments by 7.5% across the board and reaching the lowest rate in over a year. Real estate professionals swung open the gates and awaited a stampede of buyers to arrive. But, while there was a wave of refinances, purchase applications were stubborn. This is a common phenomenon. While rates are actively dropping, it’s huma

The Buyer’s Window Is Closing: Market Shift Ahead in Greater Phoenix, Arizona The first thing to note this week is that our tracking now includes 18 major cities. We’ve officially separated Queen Creek (85142) from San Tan Valley (85140, 85143, 85144), as their boundaries have become more defined and San Tan Valley has grown into the largest town in Pinal County.   The second—and perhaps most telling—change is visual: a sea of red dots has returned to the table. After several

Market perks up in Phoenix — But sellers, don’t celebrate just yet, as the affidavits of value have been counted and analyzed for...