Through smart planning, savvy investing and stakeholder alignment, the Valley’s reputation as a nascent industrial powerhouse is spreading. TSMC’s $165 billion campus in North Phoenix is symbolic of the region’s transformation away from the boom-bust cycle that left it vulnerable during the 2008 financial crisis and towards a more resilient, diversified economy. To help meet the demand generated by TSMC’s substantial investment, Mack Real Estate Group (MREG) and McCourt Partners will host a ceremonial groundbreaking for Halo Vista — a $7 billion master-planned mixed-use development abutting TSMC — on March 26.

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5 mistakes to avoid when selling a home

Phoenix is currently experiencing a buyer-friendly housing market, and while mortgage rates are not predicted to fall below 6.0% next year, borrowers are continuing to ride a wave of relief from when home affordability hit a three-year high in late October. Economists from Zillowhave projected that there will be about 4.26 million existing home sales across the U.S. next year, improved rent affordability with multifamily rent only forecasted to rise by 0.3%, and home values rising an estimated 1.2%. While affordability will likely not reflect lows seen during the COVID-era housing market, increased buyer activity is anticipated.

As market conditions are anticipated to remain favorable and potentially enticing to prospective buyers, sellers may find themselves incentivized to list while talk of affordability is buzzing. To help people prepare, I’m sharing five common mistakes sellers make during the home selling process, and what to do instead.

1. Overpricing a home

It is tempting to aim high when selling a home, especially after scrolling through online price estimates or hearing about record-breaking sales in your neighborhood. However, comparison of neighborhood data to one’s own property without important context can backfire, resulting in an overpriced home sitting unsold for long periods. Buyers who view a home’s number of days on the market, price reductions and failed escrows may have negative assumptions about why a property hasn’t sold.

The solution is to always temper expectations with the insight of a seasoned real estate agent, who will understand the nuances of neighborhoods, builders, market trends and even how certain renovations may affect a home’s value. To preserve as much of a home’s value as possible without going overboard, I recommend identifying what I call a home’s “Golden Ticket” feature – whether it’s a stunning view, luxe kitchen with nice appliances, or unique landscaping – and highlight those elements prominently in listing descriptions, photos and videos. By explicitly calling out what makes a property special, a seller has a better chance of connecting with serious buyers.

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Spring housing market accelerates despite mortgage rate spike

 

The housing market sprang forward in March, even as rising mortgage rates began to chip away at earlier affordability gains, according to the Zillow® March Market Report. Newly pending listings rose 4.6% from a year earlier to record the second-largest monthly total since the end of the pandemic boom in August 2022, a positive signal as home shopping season opens.

Mortgage rates climbed from 5.98% at the end of February to 6.38% in late March, according to Freddie Mac. That increase cut into affordability gains that had fueled optimism to start the year. The typical mortgage payment rose 1.5% from February, excluding taxes and insurance.

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Even so, demand held firm, with average daily page views per for-sale listing on Zillow 32% higher than last March. This demand signal outpacing inventory growth is showing the first signs of improvement since the pandemic ended.

There were 281,546 newly pending listings in March — only May 2025 saw a higher total since August 2022. Both the 4.6% annual increase and 29.8% monthly increase are highs for March over the past five years.

Home values continued to rise modestly, up 0.8% from a year earlier, a slight acceleration from February’s 0.4% annual growth. Inventory rose on an annual basis for the 28th consecutive month. New listings were essentially flat, up 0.1% year over year, which marked an improvement from January and February when new listings were below prior-year levels.

“Buyers and sellers have been navigating uncertainty and market volatility in some form since the onset of the pandemic, and this month’s concern over energy prices is no different,” said Mischa Fisher, chief economist at Zillow. “However, we have persistent signals that the market has turned a corner. Pent-up demand from three years of low sales volume and winter storms in January and February, along with the tailwind from lower mortgage rates earlier in the year, seem to have buoyed the market as home shopping season kicked off. In particular, the rapid acceleration of daily page views per listing we saw in March was a noteworthy improvement over the dormant market of recent years.”

 

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Phoenix Living

 

May Market Updates and Local Events in Phoenix

 

Local Events in Phoenix

 

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