Mortgage Stress Rising - A Warning Sign? | Phoenix Real Estate Market Update

by Caitlin McKeague

Mortgage delinquencies are rising across the U.S., and Arizona is starting to feel the effects. In this Phoenix housing market update, we break down what’s happening with increasing notice of trustee sales, falling inventory, and shifting buyer activity.

Are we seeing early signs of a market correction?

What does this mean for homeowners who bought at the peak in 2022?

Could a drop in mortgage rates drive demand back up?

We cover the latest data from Redfin, HousingWire, and the Cromford Report to help you understand where the market might be heading. Whether you're thinking about buying, selling, or holding, this is essential information for staying ahead.