Jordan McMurray - Realtor

Phoenix Housing Market: Trends and Forecast 2024-2025
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Phoenix Housing Market: Trends and Forecast 2024-2025 Phoenix, Arizona, is experiencing a more balanced housing market in 2024, with home sales down 6.3% year-over-year and a median sale price of $446,000, reflecting a 1.4% increase. Rising interest rates and a cooling economy are influencing buyer demand, while inventory is gradually increasing, provi...

Phoenix Home Price Growth Slows as U.S. Housing Market Cools Down
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Phoenix Home Price Growth Slows as U.S. Housing Market Cools Down The real estate market is experiencing notable shifts, particularly in the Phoenix area, where year-over-year home price growth slowed in September, rising only 0.3% from the previous month. Nationally, the CoreLogic S&P Case-Shiller Index reported a 3.9% year-over-year growth, down from earlier hig...

Understanding the Federal Reserve's Role in Mortgage Rates
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Understanding the Federal Reserve's Role in Mortgage Rates Mortgage rates are expected to decline as the Federal Reserve lowers rates, but they currently remain high. The Fed's recent 25-basis-point cut follows a 50-basis-point reduction in September, with further cuts anticipated in December and throughout 2025. Mortgage rates are influenced by the federal...

Find out if it's time to sell your home
How much is your home worth? Type your property address and get a quick home estimate.

Home Evaluation Estimate How much is your home worth? Type your property address and get a quick home estimate.