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Arizona

Prescott home prices decline as inventory and days on market rise

Arizona, Artificial Intelligence, Housing Market Data, HWmember, Local Market Spotlight /

Median list prices in the Prescott metro dropped from $699,250 to $584,900 year-over-year while active listings surged 30.5% to 1,663 homes, marking a sharp reversal in this Arizona mountain market. The price correction represents a significant decline as sellers race to adjust expectations in a shifting landscape. Properties now sit on the market for a […]

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APEX Residential enters Arizona luxury market

Arizona, Brokerage, HWmember, Luxury Real Estate, Real Estate, Real Estate Agents /

APEX Residential has officially launched in Arizona, entering the state’s luxury real estate sector with what its leaders describe as a commitment to integrity, strategic representation and elevated client service. The firm is led by founder and managing member Kirk Linehan and founding partners Jim Cavanaugh, Marilyn Cavanaugh, Jonathan Leaman, Hayley Jamison and Bridget Landry.

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HomeSmart unveils new brand identity

Arizona, Brokerage, HomeSmart International, HWmember, Real Estate, Real Estate Marketing, RealTrends Verified Rankings /

HomeSmart announced a new brand identity at its annual Ignite: Growth Summit 2025, marking the company’s 25th anniversary. The rebrand includes an updated logo, visual design and messaging that leaders said reflect HomeSmart’s evolution and ongoing focus on supporting agents. HomeSmart ranks No. 11 by transaction sides and sales volume on the 2025 RealTrends Verified

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HomeSmart names Stacey Onnen president

Arizona, Brokerage, HomeSmart International, HWmember, People Movers, Real Estate, Real Estate Agents /

HomeSmart has announced its appointment of Stacey Onnen as president. Onnen has more than 20 years of experience in real estate — most recently working in the legal technology sector and previously leading a national initiative at Keller Williams. She also served as president of operations at eXp Realty from April 2019 to February 2022

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5 states sue Zillow, Redfin over $100M agreement after FTC suit

Arizona, Connecticut, Federal Trade Commission, HWmember, Legal, New York, Real Estate, Redfin, Regulatory, Virginia, Washington, Zillow /

Zillow and Redfin are facing yet another lawsuit related to their multifamily rental syndication deal. On Wednesday, attorneys general in Virginia, Arizona, New York, Connecticut and Washington filed a lawsuit in U.S. District Court in Alexandria, Virginia, that makes claims identical to those alleged by the the Federal Trade Commission (FTC) in its lawsuit filed

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Luxury agent Frank Aazami joins Compass in Arizona

Arizona, Brokerage, Compass, HWmember, People Movers, Real Estate, Real Estate Agents, Robert Reffkin /

Frank Aazami, a longtime luxury real estate adviser in Arizona, has joined Compass. Aazami, who previously worked with Russ Lyon Sotheby’s International Realty, is bringing along several of his colleagues from the Private Client Group team — including Dinesh Wilson, Fletcher Wilcox and Zoya Pedenko. Private Client Group recorded $148.7 million in 2024 sales volume,

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The Great Stay: Why the US housing market is divided in two

Arizona, Florida, Home Sales, Housing Inventory, Housing Market, HWmember, Real Estate, Texas /

I recently gave a talk to a few hundred real estate professionals in Chicago. I started with the map below of the U.S. showing the days on market for pending home sales in different states. It’s a stark illustration that the country is divided into two distinct real estate markets.  The states with the shortest

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Sun Belt leads sales volume but posts nation’s lowest absorption rate

Arizona, Artificial Intelligence, Atlanta, Boston, California, Dallas, Florida, Georgia, Housing Market, Houston, Los Angeles, Miami, Mortgage, New York, New York City, Phoenix, Pittsburgh, Real Estate, San Francisco, Seattle, Texas, West Coast /

The Sun Belt region continues to dominate the U.S. housing market in raw transaction volume, recording 25,857 weekly home sales across its metropolitan areas, nearly six times the Northeast’s 4,452 sales and more than double the West’s 11,061 transactions. However, this sales advantage masks a market efficiency gap. The Sun Belt’s inventory of 353,916 properties

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Bonus Homes lands in Phoenix, unveils home equity release option

Arizona, Funding, Home Equity, HWmember, Mortgage, Phoenix, Venture Capital /

Bonus Homes, a real estate technology and investment firm, announced on Tuesday plans to open its headquarters in the Greater Phoenix area after raising $65.5 million in seed funding. A press release from the company said that the seed funding is from Solyco Capital, Redwood Trust, Nextview Ventures, Operate Ventures and Alpaca VC. With the

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Experts warn of ‘cycle of doom’ for last resort home insurance

Alabama, Arizona, California, Climate Change, Florida, HWmember, Louisiana, Mississippi, Natural Disaster, North Carolina, Real Estate, Texas, Wildfire /

A growing number of U.S. homeowners are finding their only property insurance option is their state’s last-resort program, according to a new report from the National Resources Defense Council (NDRC). Data shows extreme weather driving private insurers from high-risk areas and forcing premiums higher for everyone else. Last resort programs — known as Fair Access

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