Yearly Archives: 2016
Market Summary Cromford Report
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February 22, 2016
Michael Orr Arizona Journal Columnist Owner, Cromford® Report Director, W.P. Carey School of Business 2016 started off in a much better position than in January 2015. Almost every indicator showed us that we have a stronger market than 12 months ago. Supply remains tight at the entry level but is abundant at the higher… Read more
The Dodd-Frank Act and Post-Possession Agreements
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February 22, 2016
Christopher J. Charles, Esq. Provident Law As discussed in this column’s recent article regarding pre-possession agreements, key provisions of the Dodd Frank Act (“Dodd Frank”) took effect in 2015. Dodd Frank aims to revamp the United States regulatory system, especially in regard to mortgage lending. To that end, Dodd Frank created material changes to… Read more
Commercial Slow & Steady Wins The Race
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February 22, 2016
Molly Carson Vice President, Development Ryan Companies US, Inc. Some believe there are global and domestic issues to be concerned about in 2016 and the not so distant future: the pending presidential election, historically low oil prices, an unstable Chinese economy, rising interest rates and so on. These concerns may keep you awake at… Read more
Should You Appeal A Home Appraisal
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February 22, 2016
Jay Joseph Owner, Josephs Appraisal Group, Inc. How often have we heard – the appraisal came in below the contract price? The “comps” were “terrible” or the adjustments were “ridiculous?” The appraiser didn’t give the home owners credit for their beautiful new, green carpet, etc.? My question: was an appeal filed? Sometimes the answer… Read more
Entities for Licensed Real Estate Brokers And Salespersons
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February 22, 2016
Michael Denious Stoops, Denious, Wilson & Murray, PLC Broker Entities Real estate brokers may conduct business as a self-employed broker (sole proprietorship), corporation, general or limited partnership, a limited liability partnership or limited liability company. There are no restrictions on ownership of the entity by licensed versus unlicensed individuals, or other entities for that… Read more
Food For A Client Purpose
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February 22, 2016
Diana Brandt Founder, Arizona Foodie All over the Valley restaurants are popping up and giving us reason to head out of the kitchen and into their dining rooms. This is a small sample of where you can go to meet your clients for a bite, chat up some friends, or simply enjoy a meal. Ocotillo… Read more
The Six Over Sixty
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February 1, 2016
P.R. ‘Randy’ Cooney Arizona School of Real Estate & Business At our recent Arizona Broker Summit, held here at the Arizona School of Real Estate & Business, I asked a panel of brokers to address what is the “one thing” that is most important in owning, operating and running a real estate company. The… Read more
Market Outlook
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January 25, 2016
Michael Orr Arizona Journal Columnist Owner, Cromford Report Director, W.P. Carey School of Business In 2015 the Greater Phoenix housing market gained strength from February through July with tight supply below $250,000 and healthy demand for the mid ranges between $250,000 and $500,000. The high end luxury market also had an excellent first half,… Read more
Arizona Economic Overview
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January 25, 2016
Sandra Watson President and CEO, Arizona Commerce Authority Arizona celebrated many accomplishments over the past year, and as we move into 2016 our state’s economic outlook is positive. During fiscal year 2015, the Arizona Commerce Authority (ACA) successfully closed 120 projects representing 18,314 projected jobs with average wages of approximately $51,809 and $1.51 billion in… Read more
A Fresh Start
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January 25, 2016
Tricia Covert Editor, Arizona Journal of Real Estate & Business A new year is a time where many people vow to make changes or accomplish things they’ve been aspiring to achieve or never done before – resolutions are made and goals are set. This year, some surveys have shown that there has been a… Read more