Monthly Archives: May 2017

Phoenix Housing Market Report for April 2017

Phoenix Housing Market Report for April 2017 From ARMLS: The Phoenix Housing Market report provides a timely view of what is happening in the residential market in the Valley. Unlike statistics compiled by other entities, it does not rely on data from third-parties delivered 30 to 90 days late. This […]

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Phoenix Rental Market Report for April 2017

Phoenix Rental Market Report for April 2017 RENT Check is the ARMLS® monthly publication which examines the Valley’s current residential single family rental market. RENT Check also features the RENT Check Quotient™(RCQ) which compares leasing activity to sales. What’s the RENT Check ? Quotient (RCQ)? It is the ratio of closed […]

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Buyer Beware: Home Prices Will Only Get Higher

Home sales reached their highest pace in a decade in the first quarter of 2017 as home prices continue to escalate, according to the National Association of REALTORS®’ latest quarterly report. The median price of an existing single-family home nationally was $232,100 in the first quarter, up 6.9 percent from […]

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Following Weeks of Declines, Rates Tick Up

For the first time in five weeks, average mortgage rates reversed course and edged up. “The 10-year Treasury yield rose about 10 basis points this week,” notes Sean Becketti, Freddie Mac’s chief economist. “The 30-year mortgage rate moved with Treasury yields, rising 6 basis points to 4.03 percent. Despite recent […]

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