Cromford Report: Optimism Emerges for 2026 Home Sales As we head toward 2026, new data from The Cromford Report is giving both buyers and sellers in the Greater Phoenix Metro area something we haven’t seen much of in recent years: optimism. Rising incomes, stabilizing mortgage rates, and improving m

The Greater Phoenix market has seen meaningful shifts this fall, especially for first-time homebuyers searching under $400,000. With prices easing, mortgage rates dipping, and new loan-product conversations gaining attention, affordability is improving in ways we haven’t seen in years. As a REALTOR®

If you’ve been dreaming about owning a home but feel shut out by rising costs, strict lending rules, or a so-so credit score, you’re not imagining it; getting approved has been tough. The good news is that it’s starting to change. As a mortgage lender, I’m seeing fundamental, meaningful shifts in ho

Prices Are Down 15% in These Segments: What It Means for Buyers and Sellers. The Greater Phoenix real estate market is shifting again, bringing both new opportunities and challenges for buyers and sellers alike. After months of rate volatility and price fluctuations, recent data is painting a cleare

Across the country, there’s a noticeable divide in today’s housing market. In some areas, buyers are finally gaining leverage for the first time in years. In others, sellers still hold the upper hand. The difference? It all comes down to where you live, and how local inventory, pricing, and buyer de

Payments Drop 12%, Monthly Sales Up 9.4% As the Greater Phoenix housing market shifts, both buyers and sellers are navigating a landscape full of opportunity—and urgency. With mortgage rates dipping and the Cromford® Market Index (CMI) climbing, now is the time to understand how these changes could

You’ve been waiting for what feels like forever for mortgage rates to finally budge. And last week, they did, in a big way. On Friday, September 5th, the average 30-year fixed mortgage rate fell to the lowest level since October 2024. It was the biggest one-day decline in over a year. What Sparked t

Greater Phoenix Housing Market Update: Why Buyers May Want to Act Fast The Greater Phoenix housing market has been anything but predictable this year. Since April, active supply has dropped sharply, buyer incentives are at record highs, and mortgage rates have taken a small but welcome dip. If you’v

Homes Are Still Selling: Why Now Could Be the Right Time to List Yours Think no one’s buying homes right now? Think again. If you’ve been reading headlines suggesting home sales are down compared to last year, you might be wondering, Is it even worth listing my home right now? Here’s the reality: ye

Phoenix Market Pulse: July 2025 Cromford Report Summary Welcome to July in Phoenix, where the only thing hotter than the pavement is the housing market’s latest twists and turns. This month’s Cromford Report reveals a market in flux—supply is shrinking, sellers are stepping back, and certain price r

For Sellers: Fewer Sales, But Brighter Prospects Ahead Sales dipped in May compared to last year, but this appears to be a temporary pullback caused by April’s market disruptions. Unexpected tariff announcements spooked markets and mortgage rates, resulting in reduced buyer activity for several week

Are Homes Overvalued in Greater Phoenix? What Buyers and Sellers Need to Know Right Now In recent weeks, Greater Phoenix real estate has been the center of dramatic headlines and social media chatter. Claims of impending price drops and overvalued properties make buyers hesitant and sellers nervous.

A Tale of Two Housing Markets: What Today’s Shift Means for Buyers and Sellers For a while, it felt like sellers held all the cards. Homes were selling at lightning speed, buyers were facing intense competition, and bidding wars were the norm. But the tides are turning. While some areas still favor

Markets are a Mess, but it’s Business as Usual for Housing In a time when financial markets seem to spin with every headline, the housing market in Greater Phoenix is quietly holding steady. While stocks and bonds twist and turn on global negotiations, real estate is proving to be a steadier ship, e

It’s a Buyer’s Market. Why Aren’t Prices Crashing?by Becky Trujillo | March 14, 2025 The Phoenix real estate market has officially entered a buyer’s market, yet home prices remain stable. While some may expect a price crash, the reality is more complex. Let’s dive into why home values are holding st

Partner Perspectives - Newsletter March 2025 Understanding Current Mortgage Rates and Their Impact on Potential Homebuyers As of 2025, mortgage rates remain a key factor in the homebuying process, influencing affordability and overall purchasing power. With 30-year fixed mortgage rates hovering arou

Debunking Housing Market Myths: What You Need to Know in 2025 The real estate market is constantly evolving, yet certain outdated narratives persist, causing confusion for buyers and sellers alike. Whether it's speculation about home values, mortgage rates, or buying opportunities, misinformation ca

What to Expect from the 2025 Housing Market: Key Insights for Buyers and Sellersby Bret Johnson, January 7, 2025The real estate market never stands still, and 2025 is shaping up to bring its own unique challenges and opportunities. Whether you're planning to buy your dream home or sell your current

Unlocking Homeownership: Essential Tips for First-Time and Income-Restricted Buyers Partner Perspectives - Newsletter January 2025 By Adam Friedlander - District Lending Becoming a homeowner is a monumental milestone, but it can feel out of reach for first-time buyers or those with income restrictio

Home Prices Rose 4.7% ... Or Did They?By Bret Johnson Recent data suggests a nuanced picture of price trends in the ever-evolving housing market. December's numbers point to a 4.7% growth in the median sales price and a 6.7% rise in price per square foot, but is this truly reflective of market condi