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ublished October 22, 2025 3:01 pm MST PHOENIX – Arizona’s real‑estate sector outpaces manufacturing, healthcare and tourism. Over the past three years, home prices have fallen 7–8 % from the July 2022 peak. A forum at Desert Ridge Improv examined whether the market will rebound in 2026 or stay flat.

    Real‑estate agent Phil Sexton, who has remained upbeat despite the downturn, said he sees improvement on the horizon. “I’ve been optimistic every year, and I don’t think this will get worse,” he told attendees. Property managers also joined the discussion. Rachel Nally of USA Realty noted that renters now hold more bargaining power, prompting owners to invest in upgrades. “Owners need to update their properties to keep rents competitive,” she explained.

    The event covered trends in sales, mortgage rates, and the latest data. Senior housing analyst Tina Tamboer of Cromford Report emphasized that participants should leave with data‑driven, seasonal insights for buyers and sellers. Key takeaways: interest rates remain unpredictable, rents are falling, and sellers may benefit from waiting until spring.

    Buyers were encouraged not to delay. Sexton highlighted current concessions and successful price negotiations, predicting a busier spring market. The federal shutdown has limited analyst data, but Fannie Mae and Freddie Mac continue to process loans, as they are self‑funded.

    Sources: USA Realty property manager, Cromford Report analyst, and local agent. Real EstateNorth PhoenixNews