Housing demand has slowed, but still stable for now

Having watched Arizona’s market cycles up close for decades, I always keep a close eye on how shifts in mortgage rates impact buyers and sellers. For 2026, rates stayed under 7%, which helped steady housing demand—even if we didn’t see much growth. Inventory and new listings ticked up a bit, and price reductions became more common across the board. Still, with yields and market risks on the rise, there’s a chance mortgage rates could edge higher, leading to slight dips in sales and loan applications. My focus remains on guiding my clients through market changes so their experience is as smooth as possible—because real estate is about more than numbers; it’s about making sure you feel at home in every decision.