Yearly Archives: 2016
Real Estate CrowdFunding
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December 21, 2016
Nav Athwal Founder and CEO, RealtyShares Since the passage of the 2012 JOBS Act, real estate crowdfunding has become one of the fastest-growing segments of the crowdfunding industry. According to research from the University of Cambridge Judge Business School, U.S. investors used crowdfunding platforms to invest $484 million into real estate deals in 2015… Read more
Market Summary
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December 21, 2016
Michael Orr Journal Columnist Founder and Owner, Cromford® Report Each month in 2017, I will be creating a chart to illustrate how the Greater Phoenix housing market is changing. At the end of each quarter, I will then provide a written market summary of that quarter and how it compared to twelve months… Read more
Client-Worthy Culinary Events
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December 21, 2016
Diana Brandt Founder, Arizona Foodie As a new year starts, the Phoenix metro food scene begins to rock and roll. Over the past few years, I’ve been fortunate enough to attend almost every single culinary event in the valley. Many of these events cost a pretty penny — with various venues to choose from… Read more
Property Owners Waive All Claims And Defenses Against Lender After Foreclose
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November 29, 2016
Christopher J. Charles, Esq. Owner, Founder, Provident Law Pursuant to Arizona’s deed of trust statutes, if a borrower defaults on her mortgage obligations, the lender may foreclosure non-judicially by recording its Notice of Trustee Sale with the County Recorder’s Office. See generally, A.R.S. § 33-801, et seq. Importantly, if the borrower believes that she… Read more
Market Summary
Uncategorized
November 29, 2016
Michael Orr Journal Columnist Founder and Owner, Cromford® Report The market in 2016 has continued to follow predictable patterns, following all the usual seasonal trends and largely mirroring the market of 2015. However, 2016 is having a stronger second half for sellers than 2015: we see higher sales and an increasing appreciation rate. We… Read more
Mortgage Industry Update
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November 29, 2016
Joel Kan Mortgage Bankers Association, Economist The Mortgage Bankers Association projects that home purchase originations will increase further in 2017, building on an estimated 10 percent increase in 2016. Strong household formation coupled with further job growth, rising wages, and continuing home price appreciation will drive strong growth in purchase originations in the coming… Read more
There Are Riches in Niches, If You Are Well Informed!
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November 29, 2016
Gary Hix Author, Domestic Water Wells in Arizona, A Guide for Realtors and Mortgage Lenders Educator, Arizona School of Real Estate & Business Domestic water wells may seem like something you would have to travel to the heart of the Arizona desert to find. On the contrary, many water wells exist throughout Arizona in… Read more
Economic Update
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November 29, 2016
Sandra Watson President and CEO Arizona Commerce Authority If you’ve been reading the headlines, you know we have incredible momentum in Arizona right now. Our economy is growing and we are recognized as a “hotbed” of entrepreneurial activity. Just recently, Arizona was nationally highlighted in the New York Times and INC Magazine for our… Read more
Arizona Tourism
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November 29, 2016
Debbie Johnson Director, Arizona Office of Tourism Tourism is an opportunity to present the best of what we have to offer others: our hospitality, unique natural surroundings, accommodations, attractions, restaurants, and shops. We are fortunate to live in a state that offers such a variety of activities and places to experience. Tourism also serves… Read more
The Implied Covenant of Good Faith and Fair Dealing
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November 29, 2016
David L. Allen Partner, Jaburg & Wilk Anybody who has ever had a child has heard the refrain “but that’s NOT FAIR.” While the concept of “fairness” plays a big role in how the world should operate in the minds of children, there is sometimes a disconnect between “fairness” and the “justice” that is… Read more