Daily News 7-14-2026

The Phoenix metro’s apartment market has been recovering from oversaturation and it has become one of the nation’s most improved markets in that regard. CoStar found last month that Phoenix is among the top 10 most improved multifamily markets in the country, based on annual improvement from June 2025. While rents remain slightly lower, the Valley’s apartment occupancy has improved year-over-year, and CoStar reported that the city saw a decline in vacancy rates from…»

Even though the metro Phoenix Multifamily market is beginning to show signs of rent stabilization, new deliveries continue to add short-term pressure from “elevated” supply. Despite the high pace of deliveries in recent years, the Common Sense Institute reports Arizona still faces a statewide housing shortage of 111,000 units, with the Phoenix-Mesa-Scottsdale region needing 56,000. Even with that demand in place, the rapid influx of units has caused rents to recede from…»

Retail space availability is historically tight across most U.S. markets, with low vacancy, limited second-generation space and steady tenant demand contributing to rent increases. Under normal conditions, that backdrop would be expected to trigger a pickup in new construction. Instead, retail space development was largely flat in the second quarter, underscoring the extent to which supply growth has decoupled from demand fundamentals. As of the end of the second quarter, roughly 72.1…»

It’s rare that Democrats and Republicans in Washington agree on much of anything these days. But the so-called 21st Century Road to Housing Act has been celebrated by both parties as the most significant housing legislation in decades. At the same time, President Donald Trump called it a — quote — “big yawn” and said he wouldn’t sign it unless Congress passed his signature voter ID bill — the SAVE America Act. Well, that hasn’t happened and the president didn’t sign the housing…»

Greater Phoenix more than doubled the national growth rate for single-family residential home sales in June compared to the same month last year. Closed sales rose 8.1% locally while increasing only 3.2% nationally, according to data from Phoenix REALTORS®. Comparing the first half of 2026 to 2025, closed deals rose 5.4%. At the same time, the median price of a single-family home essentially held steady at $485,000, ticking up just 0.2% from last year’s $484,000. Phoenix’s…»