Mortgage Payments Drop $50 per Month on a Median Priced HomeListings Under Contract Up 19% in 5 Weeks! For Buyers: Buyers got a break last month as 30-year mortgage rates dropped significantly from an average of 4.41% to 4.08%, which is the lowest they have…

Price Reductions up 71% on Listings $200K-$250K Sellers: Get Competitive, It’s “Buyer Season” For Buyers: Good news for buyers over the past few weeks, interest rates came down a few notches. That combined with the increased loan limit for conventional financing gave buyers a little…

List Price Reductions up 24% in Greater Phoenix, Up 42% in Some Areas Sellers: Stop Trying to Time the Market For Buyers: A weak 4th quarter for sales in 2018 has resulted in 11,874 price reductions in the first 5 weeks of 2019.  That’s 24%…

Greater Phoenix Buyer Contracts Down 15% It’s Still a Good Time to Sell… For Now For Buyers: The monthly average interest rate rose to 4.64% in December 2018, up 0.69% from the previous December’s 3.95%. For buyers who will purchase at the current median sales…