Patricia L. Murphy, NMLS 629857, AZ BK 10123

Patricia L. Murphy, NMLS 629857, AZ BK 10123 Sr.

Mortgage Broker and Faith minded Real Estate Investor who leads with INTEGRITY, PASSION and GRACE making "DREAMS" of Home Ownership a Reality with one transaction at a time.

09/30/2026

Phoenix Sellers Cut Prices Faster
In today’s Phoenix market, active listings have climbed to 17,700—about 5% higher than last year—giving buyers more choices and room to compare. What’s notable is that most of these options are homes staying on the market longer, not a sudden influx of new listings (new supply is up less than 1% year over year). Nearly 28% of listings have already seen price reductions, which means buyers are gaining leverage as sellers adjust expectations even before negotiations begin. On average, homes are spending 67 days on the market—a pace that still gives patient buyers an edge, especially those following a disciplined and competitive strategy.

From my years guiding both residential and commercial clients, I have seen firsthand how realistic pricing and flexibility truly matter in markets like this. With more inventory, buyers have the advantage to weigh options and negotiate thoughtfully. As always, my commitment is to integrity, trust, and helping families achieve the “miracle” of home ownership—making sure you are well-equipped with the insights and strategies you need for a successful journey.

09/29/2026

Starter-home market cools, buyers gain leverage
As someone who has spent over two decades guiding clients through every season of the real estate market, I’ve seen how shifts like this can open up new opportunities. The starter-home market is showing signs of cooling: more affordable listings, price cuts, and fewer bidding wars have contributed to a 5.4% sales decline. Meanwhile, luxury sales have actually increased by 6.2%. With mortgage rates hovering near 6.8%, affordability remains a challenge, but buyers now find themselves with increased leverage and less competition. For those dreaming of that first home, this environment—though complex—can be navigated with the right support and a foundation of trust and integrity. Helping families achieve the "miracle" of homeownership has always been my purpose, and these market changes may offer just the opportunity some have been waiting for.

09/25/2026

Why Buyers and Sellers Are Stuck
Navigating today’s real estate market requires patience and resilience from both buyers and sellers. Higher mortgage rates are giving many buyers pause, as monthly payments are harder to justify—so it’s no surprise that more people are choosing to wait. We’re seeing pending sales lose momentum; fewer house hunters are taking the leap to make offers. On the other side, homeowners who locked in lower rates aren’t eager to give up their affordable mortgages, which means many potential listings never reach the market. This creates a unique housing stalemate: buyers are holding out for manageable payments, while sellers hesitate to let go of favorable financing. In my 24 years as an Executive Wealth Mortgage Advisor, I’ve seen that moments like these call for trusted guidance, integrity, and working closely with experienced partners. My commitment remains to help families navigate these challenges with professionalism and care, always striving for that "miracle" in home ownership.

09/23/2026

More Homes Hit the Market as Demand Cools
We're seeing a notable shift in the real estate landscape: for the four weeks ending August 23, new home listings in the US ticked up by 0.4% weekly, while total homes for sale rose by 0.5%, reaching their highest point since early Q2. At the same time, pending home sales dipped 1.1% weekly to a six-month low—largely due to high housing costs keeping many buyers on the sidelines, even as inventory improves across the country. The median US home-sale price has edged up 1.9% year-over-year to over $400,000, with average mortgage rates hovering near 7%, a 13-month high.

This environment, marked by rising inventory and gentler demand, has created more buyer-friendly conditions—active buyers now have greater room to negotiate for price reductions or concessions, especially in markets where homes have been listed for several weeks. As someone who has had the privilege of guiding families and investors through market cycles for over two decades, I know firsthand how realistic pricing and strategic negotiation can make a significant difference. Sellers who price their homes wisely are finding success, while buyers are discovering new opportunities to achieve the "miracle" of homeownership. Integrity, trust, and service remain at the forefront of every transaction—because your journey should be as memorable as your destination.

09/22/2026

Arizona ranks among stronger states for short-term rental investors
In my years helping clients navigate both residential and commercial investments, I’ve seen how key market trends can shape opportunities for families and investors alike. Arizona is emerging as a leading state for short-term vacation rental returns, alongside Texas, Indiana, and Tennessee, with projections for 2026 looking especially promising. What sets Arizona apart is its supportive state legislation: by limiting local bans and focusing on clear regulations for noise, parking, safety, and licensing, we see a stable environment for responsible investors. For those considering the "MIRACLE" of property ownership or diversifying their portfolio, understanding these nuanced regulations can make all the difference. With trust and integrity always at the forefront, I am committed to guiding clients toward informed, rewarding investment decisions.

09/17/2026

More Homes Hit the Market as Demand Cools
As we move through late August, I’ve been closely following the market shifts that matter to buyers and sellers alike. In the four weeks ending August 23, we saw a slight uptick—new US listings rose by 0.4% and total homes for sale increased by 0.5%, reaching the highest levels since early Q2. While this growing inventory provides more options, pending home sales dipped by 1.1%, marking a six-month low. High housing costs are keeping many buyers on the sidelines, even as choices improve across the country. The median US home-sale price has edged up 1.9% year-over-year, now sitting above $400,000, and average mortgage rates are hovering near 7%, close to a 13-month high.

What does this mean for you? With inventory rising and demand softening, today’s market is creating buyer-friendly conditions—giving those actively searching more room to negotiate price cuts or concessions in many areas. From my experience guiding clients through both residential and commercial investments, I’ve seen that homes listed for several weeks can offer the greatest leverage for buyers. Sellers, on the other hand, are finding that realistic pricing—grounded in current market trends—leads to a smoother, more successful transaction. Integrity and trust remain central to my approach, and I am grateful for the opportunity to help families achieve the "miracle" of home ownership, no matter how the market evolves.

09/16/2026

Arizona Guide for First-Time Homebuyers
Guiding first-time homebuyers in Arizona is a privilege I hold close, as each journey to homeownership is truly a "MIRACLE" in the making. Over my 24 years in mortgage advising, I've seen how setting a solid financial foundation makes all the difference: start by reviewing your credit, trimming down revolving debts, and holding off on new financing before you begin touring homes. Many believe a hefty down payment is required, but in reality, options like conventional loans can start near 3%, FHA at 3.5%, and there are valuable state and county assistance programs available.

Remember, a pre-qualification is just a starting point for your budget, while a formal pre-approval—where documents are thoroughly reviewed and credit is checked—offers you and sellers greater confidence that your financing is secure. As you look at homes, pay special attention to essentials like HVAC age and history, insulation, roof underlayment or coatings, and how the home handles Arizona’s sun—all key factors that can affect utility and maintenance costs. After your offer is accepted, you'll enter escrow, hire an independent inspector, and have the opportunity to negotiate repairs or, if necessary, recover your earnest money.

My approach has always been grounded in integrity and trust, working alongside business partners who share these values to create a smooth and memorable experience. Helping you and your family achieve the dream of homeownership is my top priority, and I’m grateful to be part of your journey.

09/15/2026

Arizona vs. Florida: Two different growth stories for real estate investors
When considering investment opportunities, Arizona and Florida both offer compelling, yet distinct growth stories in real estate. In Arizona, the surge in the semiconductor industry is fueling real estate expansion, bringing exciting possibilities to our market. However, it’s important to be mindful of the water supply challenges that can impact long-term sustainability. On the other hand, Florida’s real estate landscape is shaped by a blend of migration and a strong tourism sector, contributing to consistent growth. That said, the region must navigate risks related to flooding and storms, which influence both insurance and development strategies.

With over 24 years of experience guiding clients through both residential and commercial investments, I’ve learned that every market carries its own unique rewards and challenges. Integrity and trust are my guiding principles as I help clients weigh these factors and discover the "MIRACLE" of home ownership or strategic investment. Each state’s growth story underscores the importance of thoughtful planning and partnership—key ingredients for a successful real estate journey.

Address

21610 W Hillcrest Boulevard
Buckeye, AZ
85396

Telephone

+16028204747

Website

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