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On today’s episode, Editor in Chief Sarah Wheeler talks with Lead Analyst Logan Mohtashami about new home sales and how recent remarks from Treasury Secretary Bessent could help the bond market and mortgage rates.

Related to this episode:

⁠Why did we just see the highest new home sales print in years? HousingWire⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠
https://www.housingwire.com/articles/why-did-we-just-see-the-highest-new-home-sales-print-in-years/

Enjoy the episode!

The HousingWire Daily podcast brings the full picture of the most compelling stories in the housing market reported across HousingWire. Each morning, listen to editor in chief Sarah Wheeler talk to leading industry voices and get a deeper look behind the scenes of the top mortgage and real estate stories. Hosted and produced by the HousingWire Content Studio.

Publicly marketed listings that are not widely available will be flagged beginning May 28 — and new listings that don’t comply may be barred starting June 30.

Find out more about Mountain Lake Realty here:
https://www.arizonamlsflatfee.com/

SOLD ZILLOW SHOWCASE

As of May 2025, the Scottsdale real estate market is experiencing a notable shift toward balance, influenced by increased inventory, moderated price growth, and evolving buyer behavior. Here's an in-depth look at the current landscape:

🏡 Market Overview: A Transitioning Landscape

• Inventory Surge: Active listings have risen significantly. In April 2025, there were 3,886 homes for sale, marking a 3.0% increase from March 2025. This uptick provides buyers with more options and reduces the urgency that characterized previous seller-dominated markets. Rocket

• Sales Activity: April witnessed 597 homes sold, a decrease of 11.3% compared to March. This decline suggests a cooling in buyer demand, possibly influenced by economic factors and higher mortgage rates. Rocket

💰 Pricing Trends: Stabilization Amidst Fluctuations

• Price Adjustments: Sellers are increasingly adjusting their expectations. For instance, in April, sellers received an average of $29,843 less than their asking prices, indicating a shift toward more realistic pricing strategies. MPH

• Luxury Market Dynamics: Despite broader market adjustments, the luxury segment remains resilient. The median sales price in this tier has reached approximately $1.28 million, reflecting a 14.7% year-over-year increase. Williams Luxury Homes

📈 Market Metrics: Indicators of Change

• Days on Market: Homes are taking longer to sell, with the average days on market extending to 65 days. This increase suggests a more deliberate pace in transactions, allowing buyers more time for decision-making. MPH

• Price Per Square Foot: The average price per square foot in April stood at $408, a slight decrease from the February peak of $420. This modest decline indicates a stabilization in pricing. MPH

🔍 Buyer Behavior: Navigating New Norms

• Cautious Approach: Elevated mortgage rates, currently averaging around 6.75%, are prompting buyers to be more selective and price-sensitive. This caution is leading to longer negotiation periods and a preference for well-priced properties. Fingerlakes1.com

• Negotiation Trends: Buyers are increasingly negotiating prices, with many homes selling below their original listing prices. This trend underscores the importance for sellers to price homes competitively from the outset.

🧭 Strategic Insights for Stakeholders

• For Sellers: In this evolving market, it's crucial to price homes realistically and be prepared for extended listing periods. Enhancing property appeal through staging and addressing maintenance issues can also make a significant difference.

• For Buyers: The current market offers increased inventory and less competition, providing an opportunity to negotiate favorable terms. However, it's essential to act decisively on well-priced properties to avoid missing out.

In summary, Scottsdale's real estate market in May 2025 is characterized by a transition toward equilibrium, with increased listings, moderated price growth, and more deliberate buyer activity. Both buyers and sellers should adapt their strategies to navigate this changing landscape effectively.

WalletHub takes a look at 2025’s Best Places for Summer Jobs and six Metro Phoenix cities rank in the Top 20. Here they are.

As of the most recent data available (early 2025), Zillow holds a dominant position in the U.S. online real estate market, especially in terms of web traffic and consumer reach. Here's a breakdown:

1. Online Real Estate Traffic Share:

• Zillow consistently commands 30–40% of total online real estate traffic in the U.S.

• When combined with its affiliated sites (like Trulia and StreetEasy), Zillow Group captures over 60% of real estate-related web traffic.

2. Buyer Reach & Influence:

• Zillow is used by more than 70% of home buyers during their home search at some point in the process.

• It's considered the #1 real estate website in the U.S. by monthly visits, often getting over 200 million unique monthly users.

Glenn Kelman, Redfin CEO, joins 'Money Movers' to discuss the U.S. housing market, prices cooling and buyer sentiment.

SOLD ZILLOW SHOWCASE

SOLD ZILLOW SHOWCASE

Barry Habib breaks down the current tug-of-war between the Fed and the White House, the implications of the recent U.S. credit downgrade, and how massive federal debt, creative Treasury strategies, and shifting mortgage spreads could shape future interest rates.

View today's current mortgage rates with our national average index, calculated daily to bring you the most accurate data when purchasing or refinancing your home. Follow our daily market analysis with Mortgage Rate Watch and we'll tell you where and why rates are moving.

Zillow will send warnings about non-compliant listings beginning May 28, but enforcement won't start until June 30. Agents will receive two warnings before their 3rd non-compliant listing is blocked, executives said.