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
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Caitlin McKeague
Broker Associate | BRBR679010000