Home prices gained in August per the 20-City S&P Case-Shiller Home Price Index. Analysts said that home values continue to expand in spite of challenges including low inventories of available homes and strict mortgage qualification requirements.
National Home Price Index Near 2006 Peak
According to the national Case-Shiller Home Price Index, August home prices are 0.10 percent below their 2006 peak and all metro areas in the 20-City Home Price Index posted gains. Top gains in the 20-City Home Price Index were posted by Portland, Oregon with a year-over-year gain of 11.70 percent, Seattle, Washington home prices gained 11.40 percent and Denver, Colorado home prices gained 8.80 percent year-over-year.
All metro areas included in the 20-City Index posted year-over-year gains in excess of one percent. New York City had the lowest year-over-year price gain with a year-over-year reading of 1.70 percent in August. Washington, D.C. home prices rose 2.30 percent year-over-year. Home prices in the Cleveland, Ohio metro area increased by 2.90 percent year-over-year.
New Housing Bubble Unlikely
With home price gains close to peak prices seen before the housing bubble burst, concerns may arise over the potential for a new housing bubble to occur in coming months. Analysts say this is unlikely as home buyers are not taking out extreme levels of mortgage debt seen at the onset of the Great Recession. David M. Blitzer, chairman of the S&P Index Committee, said “There is no reason to fear another massive collapse is around the corner. The run-up to the financial crisis was marked with both rising home prices and rapid growth in mortgage debt.”
Possible Fed Rate Hike Won’t Cause Mortgage Rates to Explode
The Federal Open Market Committee of the Federal Reserve is expected to raise the Fed’s target federal funds rate in December. This action will lead to interest rate increases for consumer credit and mortgages, but not at levels that would make mortgage loans suddenly unaffordable. While gradual increases in federal interest rates would cause mortgage rates to rise over time, market conditions and related factors could potentially cause home prices to slow or even dip in some areas. Regional influences including employment and demand for homes are examples of factors contributing to home price growth or decline in specific areas.
Click Here to See What Your Home is Worth
668 E Aurora Drive
San Tan Valley, AZ 85140
$574,990
4
Beds
3
Baths
2,144
SqFt
Status
Active
MLS #
6768733
Property Type
Single Family Residence
Price Type
--
Move-in Nov. 2024!!! - Welcome to Edgewood, a charming community by K. Hovnanian Homes, conveniently located just south of AZ-24—perfect for both commuters and weekend adventurers. This beautiful Pasadena plan offers a spacious split floor design with 4 bedrooms, 3 bathrooms, and an additional office or flex room for extra versatility. The great room, with its vaulted ceilings and large sliding doors that open to the backyard, is ideal for entertaining. The home's interior is thoughtfully designed with our Loft-inspired ''Looks'' collection, featuring sleek grey cabinets, quartz countertops, elegant tile, and nickel hardware throughout. Don't miss the opportunity to own this newly completed home! Up to 6% of Loan Amount can be applied towards closing cost and/or short-long term interest rate buydowns when choosing our preferred Lender. Additional eligibility and limited time restrictions apply.
10215 W Piccadilly Road
Avondale, AZ 85392
$574,990
5
Beds
3
Baths
2,456
SqFt
Status
Active
MLS #
6728893
Property Type
Single Family Residence
Price Type
--
MLS#6728893 November Completion! Experience modern living at Parkside Los Cielos with our 40-3 floorplan—a two-story sanctuary boasting 5 bedrooms and 3 baths. The open design seamlessly connects the dining room, kitchen, and great room. For added privacy, a bedroom and bathroom are situated at the front of the home. The second floor features the primary bedroom, complete with a spacious walk-in closet, shower, and dual vanities, along with three additional bedrooms. Embrace a lifestyle of comfort and elegance in your new home.
18694 N 266th Avenue
Buckeye, AZ 85396
$574,990
3
Beds
2.5
Baths
2,474
SqFt
Status
Active
MLS #
6737822
Property Type
Single Family Residence
Price Type
--
Up to 3% of base price or total purchase price, whichever is less, is available through preferred lender. Ready for immediate move-in, this elegant home features 3 bedrooms and 2.5 baths, including a Jack & Jill bath. Enjoy the AV built-in, a den with double French doors, 8' interior doors, and 10' flat ceilings. The owner's bath offers a framed low-threshold walk-in shower with a seat. Additional highlights include a rear extension, 2+ car garage, gas stub & outlet package, a 36'' stainless gas cooktop, wall oven/microwave, chef luxury cabinet layout, and upgraded flooring, cabinets, countertops, and surrounds.
5881 N 193rd Drive
Litchfield Park, AZ 85340
$574,990
5
Beds
4.5
Baths
3,189
SqFt
Status
Active
MLS #
6745694
Property Type
Single Family Residence
Price Type
--
Welcome home to the Remerton floorplan. Featuring a full bedroom bathroom downstairs, two of the secondary bedrooms have private ensuite bathrooms. A formal foyer and hall is the perfect centerpiece for family photos or your art collection. The entrance hall then leads you to the expansive open concept kitchen and living space ideal for holiday gatherings. Whip up some mouthwatering recipes in the open kitchen featuring an impressive walk-in pantry and dedicated breakfast nook. Upstairs bedroom 2 features an ensuite bathroom, making this plan perfect for multi-generational families. An upstairs loft creates the ideal location for family game night! 3 car tandem garage and no homes behind you and stunning mountain views are the cherry on top! This home is ready for a 30-day close of escrow
149 N Charlotte Street
Queen Valley, AZ 85118
$574,990
3
Beds
2.5
Baths
2,600
SqFt
Status
Active Under Contract
MLS #
6742416
Property Type
Single Family Residence
Price Type
--
Wow, PRICED UNDER APPRAISAL VALUE! ~Owners need to move! ~SPECTACULAR CUSTOM HOME offers STUNNING 360 SUPERSTITION MOUNTAIN VIEWS from your balcony & front porch! ESCAPE HARSH WINTERS in your One-Of-A-Kind PICTURESQUE VACATION HOME or FOREVER HOME! Nostalgic MAYBERRY-ESQUE Town, a rural sanctuary quiet reprieve! ~THE GOOD LIFE U DESERVE AWAITS! ~GOLF ~2 Restaurant/Cantinas ~TOWN SQUARE SOCIAL EVENTS! ~LAKESIDE Picnics ~WARM GLOW of HARDWOOD SOARING CATHEDRAL CEILINGS w/STAINED GLASS accents create UNIQUE AMBIANCE of a SKI CHALET in the DESERT! ~$220k in REMODEL/UPGRADES ~2 sep OWNER'S ENSUITE BEDROOMS ~Replumbed Home ~REBUILT BATHROOMS ~NEW FLOORS ~NEW APPLIANCES ~INTERIOR PAINT is Eco-friendly, all-natural, Real Milk Paint w/no off-gassing *GOLF+POOL/SPA MEMBERSHIPS avail at nominal fee. ...Owners cleaned all ducts with a special custom cleaning company, Arcadia Cleaners. The whole house, including the air quality, is set up perfectly for anyone with environmental allergies or for children who need a clean environment for their growing development. ***Optional***JOIN VOLUNTARY Homeowners Recreation Center Assn at ONLY $20 annually to participate in RECREATION CENTER SOCIAL EVENTS! This voluntary participation ONLY affords social events & DOES NOT extend any control by any HOA over your property; it's purely for entertainment purposes.
12963 S 183rd Avenue
Goodyear, AZ 85338
$574,990
3
Beds
2.5
Baths
1,900
SqFt
Status
Active
MLS #
6763190
Property Type
Single Family Residence
Price Type
--
OWNED SOLAR ~ Golfer's Dream Home encompassing Post-Card like Panoramic Views; Imagine Resort Backyard ~ Extended Covered Patio, Pavers, 2 BBQ Grills with Seating. Relax ~ Stargazing from Hot tub & Cozy Firepit on 4th Fareway of Troon, Niklaus Design Premium Golf Course. Tray Ceiling in Entry welcomes you to Triple Slider ~Captivating Views of the Estrellas. Kitchen boasts Granite, Attractive Backsplash, Gas Cooktop, Double Ovens & New Lighting! Enjoy, Low Elec Bills, 3 Car, Cen Vac, Tankless HWH, RO, WS, Shutters & Blinds, Various New Lighting, Faucets & Fans! Estrella ~50+miles Hiking, Biking trails, 35+ Parks, Waterpark, Splashpads, Heated Pool, 2 lakes: Boating, Fishing, Tennis, Pickleball, BB, Volley. Award Winning Goodyear: Rec Campus & Civic Square, Amazon, Boeing, Microsoft Estrella has amazing HOA amenities included in your low HOA dues! 50+ Miles of Hiking & biking trails, 35+ parks, waterpark, heated pools, Lap Pool, 2 Lakes, Yacht Club with free resident boating, fishing, Troon, Niklaus golf course, tennis, pickleball, basketball, volleyball, horseshoe pit, covered BBQ ramadas and pavilion, playground equipment, splashpad, BMX park, sporting fields, just to name a few of the Incredible Amenities. Starpointe Residents' Club offers incredible, gourmet lakeside dining at Lakeside Grill Estrella, as well as: weekend brunch, happy hour on the patio, gazing at unsurpassed sunsets. Starpointe is second to none: complete with a waterpark, heated lap pool, cafe, library, fitness center, youth club, meeting rooms for rent.Enjoy a family Wedding or Reunion at Starpointe's event rooms or lawn gazing to the spectacular fountains and the glistening lake. HOA features community events at both Clubhouses! Also included in your dues, Presidio Residents Club featuring a year-round heated pool with splash pad, outdoor showers, mountain views, beautiful social space, sports/ recreation game room with pool table and multiple TVs, great room with fireplace, demonstration kitchen, event lawn, fire pits to relax by, 3400sf, state of the art fitness center, community game/entertainment room perfect for sporting and family gatherings located in Presidio Club. The Cantina, Mexican Restaurant has incredible Mexican food, all fresh braised meats with homemade salsa, sauces, dressings made in house. Cantina includes TV's to watch sporting games, a beautiful patio with amazing views and also hosts free music entertainment! Join in on organized activities via the HOA, some included at no cost, others a minimal fee. Two picturesque lakes, and beautiful backyard displaying one amazing sunrise and sunset after another, are just a few of the reasons to choose this magnificent home. You name it! Estrella is known to be the best value out there when comparing HOA amenities and costs! It's the ideal place for young professionals, singles, active families, and retirees with convenient access to Route 303, I10 and 101. Estrella located in Award Winning Goodyear, named number seven Best US Cities to Live by 24/7 Wall Street. Goodyear was the recipient of prestigious national awards in 2008: All American City Award and the National Civic League and City Livability award from the US Conference of Mayors. Goodyear's focus is on Commerce, Livability, Healthcare and Education. Goodyear was also named #22 in the best 100 cities to reside. New Goodyear Civic Square, showcasing wonderful New Georgia Lord Library, City Offices, City Square for outdoor events, music, plays, etc! There is room to Grow for Goodyear to add around the Civic Square more Restaurants and Retail. Goodyear Recreation Campus Now Open! Multiple Sporting Parks including popular Pickleball, Fitness, BB Court, Tech Room, Water Park, Swimming Lessons! Community Events, Classes, & Celebrations. Goodyear's Largest Christmas Tree Displayed! In addition, many companies that have made Goodyear their home: Amazon, Microsoft, Boeing, Ball Corporation, Aldi, Macy's, Wolf - Subzero, Huhtamaki, REI, Dicks Sporting Goods, Ferrero Rocher, Anderson Windows, Fed EX, UPS, Hobby Lobby, Data Tech Centers! Goodyear has a commitment to bringing industry into the area for local job growth. Sports fans flock into Goodyear watching games at Goodyear Ballpark, home of Spring Training for Cleveland Guardians and Cincinnati Reds. The Goodyear ball field also partners with the community for incredible festivals, as well as for graduation and city events. Many travel from all over the US and other countries to be cared for at the Cancer Treatment Center of America (now City of Hope) located its Western Regional Medical Center within the city's Medical Innovation Corridor of Goodyear! Goodyear is education focused and now the home of Franklin Pierce University and Columbia University. Make Goodyear and this Stupendous home your new full-time home or perfect winter retreat!
2425 N 142nd Avenue
Goodyear, AZ 85395
$574,940
4
Beds
3
Baths
3,065
SqFt
Status
Active
MLS #
6768236
Property Type
Single Family Residence
Price Type
--
Prime golf course lot! Located in a desirable Palm Valley gated community this home has everything you're looking for! 4 bedrooms, loft, 3 bathrooms, multiple patios & more than 3,000 sq ft of livable space. 2 brand new a/c units, newer appliances & water heater. Throughout you will notice the plank tile in the main living areas, 10' tall ceilings , 8' tall doors & large windows providing an abundance of natural light. Large kitchen with lots of counter space, 42'' upper cabinets, under cabinet lighting, pantry, travertine backslash & granite countertops. Primary suite is located downstairs & has great golf course views, double sinks, separate shower/tub & walk-in closet. Upstairs there are 2 large bedrooms, 2 balcony's with amazing sunset views & a large loft. Community Center, pool, tennis courts and children's playground. Located near shopping, schools, entertainment & the I10 freeway!
Show Low
AZ 85901
$574,900
3
Beds
2
Baths
1,448
SqFt
Status
Active
MLS #
6731512
Property Type
Single Family Residence
Price Type
--
Your search is over for the Perfect Getaway Cabin in the Pines! Formal Model so has beautiful finishes throughout. This beauty conveys furnished so you can immediately come relax & enjoy the White Mountains. Nestled in the Tall Pines on apx .53 of an acre on a corner lot, landscaped & fenced. WOW! Call for more details...
17033 E Bobwhite Way
Rio Verde, AZ 85263
$574,900
4
Beds
3
Baths
2,446
SqFt
Status
Active
MLS #
6774586
Property Type
Single Family Residence
Price Type
--
Now complete, move-in ready, Just off 172nd (paved road). Minutes from trails, w/great hiking and Biking. Enjoy horseback riding with easy access to trails. The beautifully designed Durango Plan offers 10 ft high ceilings and polyurethane spray foam insulation for exterior house walls and attic. Open floor plan, great for entertaining. The kitchen features SS Appliances, White shaker-style cabinets with Soft Close Drawers and Doors, a nice-sized pantry, and a large Island for extra seating. Electric built-in cooktop with separate oven. Jack-N-Jill bedrooms with full bathroom. Tile-plank flooring throughout the home. The primary bedroom boasts a private exit to the back patio, a large closet, dual vanities, and a large easy access enclosed tiled shower. 3 car attached garage.
520 S Roosevelt Street Unit 1009
Tempe, AZ 85281
$574,900
2
Beds
2.5
Baths
1,483
SqFt
Status
Active
MLS #
6743200
Property Type
Apartment
Price Type
--
Tempe Urban Living, now ''Skye 15 Lofts'', nestled within the Riverside-Sunset Neighborhood just west of Mill Avenue in Downtown Tempe, is truly an architectural gem. Designed by the Baldinger Studio, this large 2 bed, 2.5 bath loft shares a common modern DNA: open floor plans, exposed block construction, Rooftop Terraces, urban Backyard w/synthetic grass, and European style cabinetry. But most importantly, they share modern minimalist architecture that is unique not only to Downtown Tempe, but to the entire Valley of the Sun. This dwelling is walking distance to the Metro light rail, Tempe Town Lake, Mill Ave Streetcar, Whole Foods Marketplace, Mill Avenue with tons of shops and restaurants, ASU and everything else downtown Tempe has to offer!
23012 N Giovota Drive
Sun City West, AZ 85375
$574,900
3
Beds
2
Baths
1,904
SqFt
Status
Active
MLS #
6769607
Property Type
Single Family Residence
Price Type
--
Discover the epitome of retirement luxury in this exceptional 1,904 sq ft home, perfectly positioned on a larger lot with no direct rear neighbors, offering maximum privacy and serenity. Embrace the elegance of a lushly landscaped front yard featuring a private courtyard complete with a cozy fireplace, setting the scene for unforgettable gatherings. Step inside and be greeted by the impressive rotunda foyer leading to an open-concept living space. Seamlessly connecting the living, dining, and kitchen areas, this layout is ideal for entertaining and everyday living. The kitchen boasts granite countertops, raised panel cabinets with both under and upper lighting, and a breakfast bar island for your culinary explorations. The primary suite is a sanctuary of comfort, offering ample room for a sitting area or office workspace, a walk-in closet, dual sinks, a vanity counter with granite tops, and a beautifully remodeled master walk-in custom shower. Across the home, find two additional spacious bedrooms with easy access to a second bathroom featuring a walk-in shower. This residence is further enhanced by plantation shutters, 18 southwestern tiled flooring, newer tile plank flooring in bedrooms, upgraded lighting fixtures, a newer hot water heater, and a water softener system. The rear yard is a private retreat with a raised conversation firepit area, built-in BBQ, extended patios, and rear awning all designed for your relaxation and enjoyment. Experience active adult living at its finest in one of Corte Bella's most exquisite homes. Don't miss out on this unique opportunity to own a piece of paradise!
3426 W Carter Road
Phoenix, AZ 85041
$574,900
3
Beds
2.5
Baths
2,230
SqFt
Status
Active
MLS #
6773448
Property Type
Single Family Residence
Price Type
--
This stunning home has it all! 4 y/o Woodside home with endless upgrades in gated community. Kitchen is perfect for preparing & sharing meals and memories, Gas stove with stainless range hood, wall oven and microwave, upgraded refrigerator, step in pantry, extended island and beautiful backsplash. Home has large den/office; upgraded shutters throughout the home. The backyard is a beach lover's dream with a gorgeous pool that has a fountain and a large Baja step. The backyard also has a custom Palapa and a putting green. Extended patio with ceiling fan and turf for easy maintenance. Surround sound is installed in the home. House was set back further than others to allow for a longer driveway for room to park an extended vehicle. Home neighbors beautifully landscaped greenbelt.