Latest published stories in Real Estate.
Mortgage rates are being shaped by a mix of mortgage spreads, geopolitical tension and economic data, leaving the market with little certainty about whether borrowing costs will move toward 8% or drift back toward 6%. The outcome will depend heavily on inflation, bond yields and investor sentiment.
Arizona homeowners are now covered by a slate of new HOA-related laws that limit foreclosure in some cases, tighten sale disclosures and require associations to act reasonably when using their discretionary powers. The changes affect planned communities and condominiums statewide and reflect a broader push to rein in association authority.
Surprise City Council has approved a development agreement for Buena Vista Ranch, a 422-acre project near Festival Ranch and the Luke Air Force Base auxiliary field. The plan calls for a mix of housing, industrial uses and open space, extending the city’s growth farther northwest.
The Phoenix-area housing market is showing clearer signs of buyer leverage, with more homes selling below original list price, elevated mortgage rates limiting affordability, and sellers needing sharper pricing strategies.
The average 30-year fixed mortgage rate rose to 6.71% this week, according to Freddie Mac, adding more pressure to homebuyers already facing high prices and affordability challenges.
Arizona Attorney General Kris Mayes has sued MV Realty and related companies, alleging they misled homeowners into long-term listing agreements that placed property-record restrictions on homes and forced families to pay thousands of dollars to get out.
Zillow and Redfin have reached a proposed settlement with the Federal Trade Commission and five states, including Arizona, over a 2025 rental-listing agreement that regulators said reduced competition in online apartment advertising.
A major economic shift is unfolding right in our backyard. BNSF Railway has officially broken ground on Logistics Park Phoenix, a massive $3.2 billion, 4,320-acre freight rail facility located in northwest Maricopa County. As our West Valley communities continue to grow at a rapid pace, this state-of-the-art infrastructure project is poised to fundamentally reshape the local economy, job market, and regional traffic patterns.
The Greater Phoenix real estate market is undergoing a highly anticipated shift toward a balanced, buyer-leaning equilibrium. After years of rapid pandemic-era appreciation and severe supply shortages, the market is cooling, and available properties are climbing to the highest levels seen in over a decade. Here is a comprehensive breakdown of the current market landscape across Metro Phoenix and its primary suburban submarkets.