Red Flare Warning: Housing Market in Serious Trouble?

by Caitlin McKeague

A top economist is sounding a red flare warning for the housing market—and he’s not alone. In this week’s Phoenix housing market update, we break down why 1 in 7 pending home sales are falling through, what’s happening with new construction, and why inventory is quietly shifting the market.

We’ll also compare the contrasting views of Mark Zandi vs. Logan Mohtashami on what’s really going on in the real estate world and what it means for buyers, sellers, and builders right now.

📉 Mortgage rates, canceled contracts, listing declines, and the latest from the Cromford Report—this is a must-watch if you’re thinking about buying or selling in 2025.