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Mortgage Industry Update

Lending

Joel Kan Economist, Mortgage Bankers Association     In the January 2017 forecast from the Mortgage Bankers Association (MBA), we estimate that total mortgage originations will decrease to $1.56 trillion in 2017 from $1.89 trillion in 2016. This total will increase slightly in 2018 as a growing purchase market is offset by more declines in… Read more

The New Meaning of Office Space

Commercial Corner

Erik Peterson Principal, PHX Architecture   The definition of traditional office space has taken on a whole new meaning.  Gone are the days of joining a company and being assigned to your cubicle while working your way up to a corner office. The old environment was task-oriented and became detrimental to productivity – giving little… Read more

Commercial Real Estate: A Team Effort

Commercial Corner

Bryon R. Carney Market Leader, Cushman & Wakefield   I am a huge fan of the Arizona Cardinals. I’ve been a season ticket holder since they moved to Arizona in 1988 and have suffered through some dismal seasons — but I believed going into the 2016 season this was our year to win the Super… Read more

Trump Economic Policies Likely to Spur Growth

Industry News

Elliott D. Pollack CEO, Elliott D. Pollack and Company   The election of Donald Trump has changed the outlook of the economy. The current stagnation narrative appears to be coming to an end. It’s axiomatic that different policies will have different results. While it is too early to be certain how Trump’s proposed economic policies… Read more

An Effective Negotiator

General Real Estate, Publisher's Letter

Tricia Covert Publisher, Arizona Journal of Real Estate & Business     The word contract gives most people thoughts about a long, grueling process that requires tedious review and attention to detail. However, there is another side to contracts that involves a much different skill set: negotiations. Typically, some form of negotiation takes place before… Read more

Words from Mayor of Chandler

Local

Jay Tibshraeny Mayor of Chandler     Chandler’s business and development community continues to be a dynamic force with no signs of slowing down. In 2016, we experienced a solid year of employment diversification, company expansions, locates and business friendly programs that will continue into the new year. Rogers Corporation, one of Chandler’s longest-running businesses,… Read more

The 2017 Investment Climate

Industry News, Lending

Paul Ohanian Founder and CEO, Scottsdale Wealth Planning, Inc.   As a financial planner, I generally avoid predictions about what the future, and specifically the next year, may hold for investment portfolios. All too often, these outlooks are accompanied by recommended short-term, reactionary investment strategies that do not align with a long-term, value-based philosophy –… Read more

A Relaxed Arizona Mortgage Market

Lending, Market Update

Rocke Andrews President, National Association of Mortgage Professionals   The year 2017 brings many changes to the Arizona mortgage industry. As the economy and real estate market recover and thrive, the mortgage industry is relaxing and advancing. Fannie Mae and Freddie Mac are helping with this by making more modifications to the mortgage process to improve… Read more

Market Summary

Market Update

Michael Orr Journal Columnist Founder and Owner, Cromford® Report   Please see the provided charts featuring the following information: The ranking of cities by average price per square foot. Areas that had the largest and smallest growth in home sales between 2015 and 2016. The average growth was just over 9 percent.   Michael Orr… Read more

Specific Performance

Laying Down the Law

Christopher J. Charles, Esq. Founder and Managing Partner, Provident Law   Attorney Christopher Charles recently achieved a noteworthy victory for his real estate client in a purchase contract dispute where the buyer sought specific performance of the contract. The threat of specific performance is often an effective tool for buyers when a seller gets cold… Read more

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