landsman news roundup

MPAMag.com: Existing home sales are expected to remain under pressure as rising mortgage rates and persistent inflation dampen market activity, according to the November commentary from Fannie Mae's Economic and Strategic Research (ESR) Group.

Yahoo Finance: Many expected mortgage rates to start falling in response to the Fed's rate cuts — but for the most part, mortgage interest rates have been increasing. This is due in part to a strong economy and an increasing 10-year Treasury yield. So, when will mortgage rates go down significantly enough to make monthly payments more affordable?

KJZZ.com: Phoenix hopes its new housing assessment will help residents and elected officials better understand the city’s housing challenges. The assessment shows Phoenix is short 59,000 rental units for low-income households. Specifically for households at or below 50% of the area median income. For a household of three, that’s about $46,300 annually.

Maricopa.gov: Maricopa County is pleased to announce the kickoff of the process to update the county’s Comprehensive Plan, a vital document that guides county decisions on future growth, development, and preservation through the year 2040.

ArizonaRealEstate.com: Here you'll find statistics on residential listings in Arizona and surrounding communities, updated every day from the MLS, including the average price, average days on market, average price reduction, and more.