Disappointing Numbers Show Phoenix Buyers Aren’t Jumping In
The latest Cromford Report is in — and the data is not what Phoenix homeowners were hoping for. Despite mortgage rates dipping close to 6%, demand under $500k remains weak, Canadian buyers are pulling back, and active listings are rising again.
In this week’s Phoenix Housing Market Update, we’ll cover:
Why the Cromford Report calls the market “disappointing”
Mortgage rates: is 6% the bottom or could they bounce back up?
Why entry-level buyers are still sitting on the sidelines
Canadian demand for Arizona homes falling 20%
The strange rise of $1 home listings
Ivy Zelman’s new prediction that home prices dip in 2026
Recent Posts
Americans Say Real Estate Is Still the Best Long-Term Investment in 2026
Phoenix Housing Market Update, July 2026: The Most Affordable Zip Codes, Where Prices Are Headed, and Rates at 6.75%
The Moon Valley Neighborhood (85023): A Local Guide to One of North Phoenix's Classic Communities
North Central Phoenix (85020 and 85021): A Local Guide to Tree-Lined Streets, Mountain Views, and Real Room to Breathe
Phoenix Housing Market Update, July 2026: New Construction, Case-Shiller, and What It Means for You
The 85254 "Magic Zip Code": A Local Guide to Where a Scottsdale Address Meets Phoenix Perks
Phoenix Housing Market Update, June 2026: Are Home Prices Dropping?
Verrado in Buckeye (85396): A Local Guide to the West Valley's Favorite Master-Planned Community
The Sheaborhood (85028): A Local Guide to One of North Phoenix's Most Loved Neighborhoods
Phoenix Real Estate Market Update: List Prices Post Sharpest Drop in 9 Years (June 2026)
GET MORE INFORMATION
Caitlin McKeague
Broker Associate | BRBR679010000