Case-Shiller: Home Price Growth Continues

Home increased in October according to Case-Shiller’s 20City Home Price Index. Home prices rose from September’s annualized reading of 5.40 percent to 5.60 percent. Factors contributing to rising home prices include stronger economic conditions and outlook along with short inventories of available homes coupled with high demand. On average, October home prices rose 5.10 percent on seasonally adjusted annual basis, which was unchanged from September’s reading.

West Continues to Lead Home Price Growth

Top home price growth rates were in Seattle, Washington at 10.70 percent, Portland, Oregon at 10.30 percent and Denver, Colorado with a seasonally-adjusted annual price increase of 8.30 percent. New York, New York had the lowest home price growth in October with a reading of 1.70 percent.

In a separate report, December consumer confidence exceeded expectations with an index reading of 113.70 as compared to an expected reading of 110.00 and November’s reading of 109.40. This was the highest reading for consumer confidence since 2001. Analysts said that the strong reading for consumer confidence was a sign that consumers will increase their spending in 2017, but what will happen with mortgage rates is a big question.

Rising Mortgage Rates May Slow Home Prices, High Demand for Homes

With the Federal Reserve’s decision to raise its target federal funds range in December comes a question of how rising mortgage rates will affect housing markets. Rising fed rates typically lead to increases in consumer lending rates including rates for home loans and refinancing. Combined effects of rising home prices and mortgage rates create challenges for first-time and moderate income home buyers. While higher mortgage rates have not impacted buyer demand so far, rising mortgage rates could sideline some buyers.

A recent compilation of the most expensive places to live in America illustrates the imbalance of home prices as compared to consumer incomes. Brooklyn, NY topped this list with a reading of 127.70 percent of average household income earned in Brooklyn to buy an average priced home in Brooklyn. Analysts reporting this data noted that many Brooklyn homeowners work in Manhattan and earn more than those who work in Brooklyn. Disparities in average home prices and home buyer incomes could “trickle down” to less expensive areas if mortgage rates and home prices continue to rise.

Meanwhile, builder confidence is strong and is expected to lead to higher levels of home construction in 2017.

Click Here to See What Your Home is Worth

Listing types.

For Sale

For Rent

Land

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Property TypeAnyApartmentManufactured HomeSingle Family ResidenceTownhouseTwin Home

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Distressed

Open House

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Price MaxAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Advanced Options

Property TypeAnyApartmentManufactured HomeSingle Family ResidenceTownhouseTwin Home

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Location Search Nearby

Lot SizeAny1+ Acres2+ Acres3+ Acres4+ Acres5+ Acres6+ Acres7+ Acres8+ Acres9+ Acres10+ Acres20+ Acres30+ Acres40+ Acres50+ Acres

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Neighborhood

Address, MLS# or Keyword

View As: Thumbnails List

Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

5029 N 83rd Street Scottsdale, AZ 85250

$508,900

2 Beds

2 Baths

1,896 SqFt

Status Active

MLS # 6684424

Property Type Townhouse

Price Type --

Fully upgraded beauty in heart of Scottsdale. Minutes from Fashion Square Mall is sitting this gorgeous oversized townhouse with 2 bedrooms, 2 baths. Remodeled designer home to be yours now.

View Property

15685 W Mackenzie Drive Goodyear, AZ 85395

$508,000

4 Beds

2.5 Baths

2,654 SqFt

Status Active

MLS # 6692050

Property Type Single Family Residence

Price Type --

A PICTURE IS WORTH A THOUSAND WORDS

View Property

12238 W Candelaria Court Sun City, AZ 85373

Open House

$508,000

3 Beds

2 Baths

1,995 SqFt

Status Active

MLS # 6699037

Property Type Single Family Residence

Price Type --

Look at this NON age restricted DREAM home situated on a NICE cul-de-sac lot with North/South exposure. This CHARMING home built in 2020 boasts 1995 SF. w/ a GREAT ROOM, 3 SPACIOUS bedrooms, a versatile FLEX ROOM, & 2 Baths. The Kitchen has plenty of storage w/ a LARGE Quartz Island and plenty of seating ideal for Entertaining Family & Friends. The SPACIOUS Primary Bedroom has a Beautiful TILED Shower & LARGE Walk-in closet. Step outside to the FULLY Landscaped backyard and Covered patio. There's plenty of room in the Tandem 3-car garage. This Home is conveniently situated next to a LUSH common area greenbelt, offering a BBQ Grill & Picnic table seating. WONDERFUL location in the Peoria School District with EASY access to the 303, Shopping, Restaurants, and SO MUCH MORE! Welcome Home!

View Property

5075 N Granite Reef Road Scottsdale, AZ 85250

Open House

$508,000

3 Beds

2.5 Baths

1,608 SqFt

Status Active

MLS # 6686944

Property Type Townhouse

Price Type --

Perfect Primary Home or Lock and Leave! - Very Few 3-Bedroom options available for sale in Scottsdale at this price point! Light and Bright Scottsdale Townhome - 3 Bedrooms/2.5 Bathrooms - Amazing Interior Location away from the street and across from Community Pool - Move-In-Ready - Centrally located in Scottsdale Less than 5 Miles from Sport Fields, Shopping, Parks, and Entertainment including Old Town Scottsdale - New Wood-Look Tile Flooring in Downstairs Common Areas in 2023 - Updated Primary Bathroom in 2022 - New AC Unit in 2022 - New Roof in 2023 - Large Patio Perfect for Entertaining - Two Assigned Parking spaces - Assigned Storage Unit - Welcome Home!

View Property

21387 N Elba Road Maricopa, AZ 85138

$507,995

3 Beds

2.5 Baths

2,500 SqFt

Status Active

MLS # 6693439

Property Type Single Family Residence

Price Type --

The ranch-style Cassandra plan showcases an open layout with a great room, a breakfast nook and a large gourmet kitchen. The owner's suite is adjacent, and boasts a generous walk-in closet and an attached bath with a large walk-in shower. Two additional bedrooms flank a full bath, and the nearby private study and powder room finish off the interior.

View Property

35079 N Lead Way San Tan Valley, AZ 85144

$507,995

3 Beds

2.5 Baths

2,331 SqFt

Status Active

MLS # 6686636

Property Type Single Family Residence

Price Type --

Check out this stunning move-in ready home! The enormous kitchen boasts name-brand appliances, upgraded countertops, and ample cabinet space. The second-story loft offers an open space ideal for families. A private flex space extends the possibilities of this home, creating plenty of space for personalization. Pristine walking and biking trails showcase everything this community has to offer.

View Property

7775 N 57th Avenue Glendale, AZ 85301

$507,990

5 Beds

3 Baths

2,354 SqFt

Status Active

MLS # 6680214

Property Type Single Family Residence

Price Type --

What a great opportunity, this 5 bedroom, 3 bathrooms, 2 car garage home is located in a quite cul-de-sac just across from children playground, park & walking distance to shopping area. The home features an open and bright living room with a bedroom and full bathroom down stairs, 20'' ceramic tile through the first floor, eat-in kitchen with granite countertops, breakfast bar, pantry. Wood flooring stairs leads to a huge loft, the other 3 bedrooms & main room with a full bathroom double sinks, walk-in closet. Easy to maintain backyard with Synthetic grass, sitting area, Arizona room & storage shed. Don't miss this one!!!!!

View Property

18458 W Villa Hermosa Lane Surprise, AZ 85387

$507,367

5 Beds

4 Baths

3,045 SqFt

Status Active

MLS # 6649790

Property Type Single Family Residence

Price Type --

Below Market Interest Rate Available! New Build Home. 5 Bedrooms, 4 Baths, LOFT, 3 Car Garage with 8ft Garage Door. VERY Open Floor Plan. SUPER GREAT ROOM. Kitchen Island with Beautiful Back splash, walk in Pantry. Primary Bath has Garden Tub and walk-in shower. Tile throughout, carpet in bedrooms only. Patio on back of home. This home is located in North Copper Canyon that offers a community pool and many other amenities. High Performance Home with smart technology, makes it so you can truly live in your element!!

View Property

207 S Beaver Street Flagstaff, AZ 86001

$506,850

1 Bed

1 Bath

810 SqFt

Status Active

MLS # 6632517

Property Type Apartment

Price Type --

OWN FLAGSTAFF - DO NOT MISS THIS OPPORTUNITY! This 1-Bedroom Condo has a covered patio's, and is Move-in-ready! This 5-story community was tastefully designed to accentuate the views off each deck of the 32 luxury units! Living the high life at 7000' feet is a breeze at The Views at Butler, just a step from Northern Arizona University & the nightlife in downtown. Watch the sunset reflect off the San Francisco Peaks while BBQ'ing on the oversized Roof-Top View Deck & lounge area. Convenience & ease are built into the community w key fob elevator, a trash shoot on every level & standard A/C. Beyond the aesthetic & downtown life vibe! Location, Convenience, Views & Community. It's the perfect home for you!

View Property

7407 W Gardinia Avenue Glendale, AZ 85303

$506,696

4 Beds

2.5 Baths

2,465 SqFt

Status Active

MLS # 6695968

Property Type Single Family Residence

Price Type --

Under Construction new build home with a July/August 2024 move-in! Amazing single family 4-bedroom 2.5-bathroom 2 car garage home on a N/S exposure corner homesite within the desirable Alto gated community!!! This Tenor floor plan features quartz kitchen countertops, modern white full overlay cabinets, contemporary imperfect smooth walls, and stainless kitchen appliances plus much more! Plan your visit today! ^^Up to 4% of Base Price 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. ***Prices subject to change, photos may be of a model home or virtually staged, actual home will vary.

View Property

172 W Galveston Street Chandler, AZ 85225

Open House

$506,000

4 Beds

3 Baths

1,703 SqFt

Status Active

MLS # 6679182

Property Type Single Family Residence

Price Type --

Welcome home to this charming property with a center island in the kitchen, perfect for preparing meals and entertaining. The nice backsplash in the kitchen adds a modern touch to the space. Other rooms provide flexible living space to suit your needs. The primary bathroom features double sinks and good under-sink storage. Step outside to the fenced backyard with a covered sitting area, ideal for enjoying the outdoors in comfort. Don't miss out on this wonderful opportunity to make this house your home!

View Property

15926 W Bronco Trail Surprise, AZ 85387

Open House

$505,990

4 Beds

3 Baths

2,434 SqFt

Status Active

MLS # 6703963

Property Type Single Family Residence

Price Type --

This is an amazing home, this quick move-in Pearl floor plan is indeed one of our best-selling homes, it boasts a stunning design with upgraded kitchen cabinets, quartz countertops and a stylish backsplash, the master bathroom includes a spacious shower, the home is equipped with Smart Home Technology, and is also Energy Star Certified, ensuring energy efficiency, the oversized sliding glass door provides abundant natural light and easy access to the outdoors, the upgraded electrical package and recessed can lighting enhance the overall ambiance of the home, window coverings are included for privacy and aesthetics, and of course the home comes with a garage door opener for convenience and security, it's a perfect combination of style, functionality and modern features, come and see!

View Property