Inventory increased in 42 out of 50 of the largest metros annually, with the typical home spending 41 days on market, up from 26 days the same time last year. rb.gy/hvlgh

The U.S. median list price rose 2.56% month-over-month to $441,000 in May, representing a 0.9% increase from May 2022. Read more: shorturl.at/eluAV

The National Association of REALTORS® reports the market is currently short approximately 320,000 listings priced up to $256,000, which is considered the affordability range for middle-income buyers. rb.gy/vp7gr

Rental prices are beginning to decline, with rents for 0-2 bedroom properties dropping 0.5% year-over-year to $1,739 per month among the 50 largest metropolitan areas: rb.gy/907zl

Despite the decline in single-family housing starts, single-family permits were up 2.2% month-over-month, the highest pace since June 2022... rb.gy/n8mq9

Phoenix Realtors President Butch Leiber said days on the market for Chandler homes have fallen from an average 72 in April to 56 in August. chandlernews.com/santan/busines…

The votes are in! Congratulations to the newly elected 2024 Phoenix REALTORS® Directors: Shawn Bellamak, Maritza Cortazar and Amy Lavine! Thank you to all those who voted in this year’s online election. We appreciate your participation in selecting your leadership!

Update in Case of Burnett v. NAR et al. nar.realtor/breaking-news/…

Phoenix REALTORS® partners with Previ to provide members with discounted mobile phone plans starting at only $25/month. app.previ.com/#/loves/phoeni…

Housing market optimism for 2024 crushes a trying 2023 queencreeksuntimes.com/local-news/hou… via QueenCreekSunTimes

"In a first-of-its-kind collaboration in Arizona, Peitz will help members sharpen their marketing capabilities and harness the power of social media in an increasingly competitive marketplace." Chelsea Peitz inbusinessphx.com/positions/digi…

“Now that there are more listings on the market making for a robust inventory, we should see increasing sales activity,” Bowden said. Read PHOENIX REALTORS® President Sheryl Bowden's full comments on the market. azbigmedia.com/real-estate/me…

West Valley moving away from ‘bedroom community’ westvalleyview.com/business/west-…

What Members Say About the Settlement nar.realtor/magazine/drive…

Settlement Resources: The Facts for REALTORS® nar.realtor/the-facts?grp=…

Phoenix is beating the rest of the country on inflation — on paper anyway #phoenixrealtors Sheryl Bowden nbcnews.com/business/econo… via NBC News

The Department of Veterans Affairs plans to temporarily lift its ban on buyers directly paying for professional real estate representation, a major shift that National Association of REALTORS® had been urging. nar.realtor/magazine/real-…

The National Association of REALTORS® settlement agreement preserves Americans’ choices when it comes to real estate services when buying or selling a home. Learn the facts at bit.ly/3Tost4O #NARFacts

To fulfill the terms of the Moehrl v. NAR settlement, ARMLS has published new rules and practice changes. MLS participants and subscribers must make changes on or by August 1, 2024. Get more information on the changes here: armls.com/settlement

First-time sellers typically find pricing to be their biggest hurdle. Join us for our latest episode of Real Estate Today, where NAR President Kevin Sears shares essential negotiation strategies to help you navigate the selling process with confidence. nar.realtor/real-estate-to…