The housing market mood | Phoenix Real Estate Market Update
Is the housing market heating up… or just moody?
In this week’s Phoenix housing market update, we’re breaking down what’s really happening right now — from rising inventory and cautious buyers to mortgage rate shifts and potential changes in lending rules.
Here’s what we cover:
Why national home sales just dropped 8.4%
What Redfin says about a possible 2026 recovery
Phoenix inventory trends (and why this spring may NOT be as hot as expected)
The latest Cromford Market Index numbers
Where the most competitive zip codes are (Chandler, Gilbert, North Phoenix)
Builder confidence + new construction updates
Mortgage rate movement (hovering near 6%)
Potential Fed rule changes that could impact mortgage costs
Why Phoenix just made the list as a top city for millennial buyers
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Caitlin McKeague
Broker Associate | BRBR679010000