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Author: cpatrickaz

June Housing Market Update

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Summer Is Heating Up, But the Housing Market Has Cooled As we officially move into the summer season, Arizona temperatures are climbing — but the housing market has cooled compared to the stronger seller markets we have seen in recent years. Inventory has started to fall, which is good news for sellers, but demand remains … Continued

Phoenix Housing Market Update – Q1 2026

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Now that we’ve officially moved through the first quarter of 2026, the housing market is showing more resilience than many—including ourselves—expected. Here are the basics – the ARMLS numbers for April 1, 2026 compared with April 1, 2025 for all areas & types: Heading into the year, there were real concerns. Mortgage rates climbed quickly from … Continued

Foreclosure Activity Then vs. Now

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This chart illustrates trustee deed activity in Maricopa County—properties that have gone through foreclosure and either reverted back to the lender (REO) or were purchased by third parties at auction. What stands out immediately is the dramatic contrast between the Great Recession years (2008–2010) and today’s market. During that period, foreclosure activity surged to staggering … Continued

Phoenix Housing Market Update – March 2026

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Inventory Rising, Buyers Gaining Leverage, and What Sellers Need to Know As we move deeper into the spring selling season here in the Phoenix metro area, the housing market is showing clear signs of transition. Inventory levels are rising, buyer demand remains steady, and pricing pressure is beginning to surface across several segments of the … Continued

February 2026 Housing Market Update

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As we move into February, the housing market continues to show signs of stability, but not without some important shifts worth noting. We saw an unusually sharp decline in housing supply during December, largely due to sellers pulling listings during the fourth quarter. That trend reversed quickly in January, as many of those cancelled listings … Continued

January 2026 Housing Market Update

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The Arizona housing market closed out 2025 on stronger footing than many expected. December delivered a solid finish, with closed sales up meaningfully compared to the prior year—an encouraging sign that buyer demand remains present, even amid ongoing affordability conversations. Inventory declined notably through the end of December, falling roughly 10% from November levels. While … Continued

TSMC’s North Phoenix “Silicon Desert” Mega-Campus: What’s Built, What’s Next, and What It Could Mean for Real Estate (10–15 Year Outlook)

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The Big Picture: Investment, Scale, and Why This Site Matters TSMC’s Arizona buildout is widely described as a “mega-campus”—a cluster of multiple semiconductor fabrication plants (fabs), plus supporting facilities (packaging, R&D, utilities, water recycling, etc.). TSMC confirmed a major expansion plan in 2024, including a third fab and up to $6.6B in CHIPS Act direct … Continued

Affordability Is Quietly Improving Where It Matters Most

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One of the most important—and often overlooked—stories in today’s housing market is how affordability has shifted across different price ranges. The chart above highlights the change in annual average price per square foot by list price range for single-family detached homes, and the takeaway is clearer than many headlines suggest. Entry-Level Homes Are More Affordable … Continued