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The Impact of International Markets

Industry News

Paul Ohanian Founder and CEO, Scottsdale Wealth Planning, Inc.   Just over 90 days ago, “Brexit” dominated headlines. The Washington Post said the vote had “escalated the risk of global recession, plunged financial markets into free fall,”1 becoming the latest international crises to induce market volatility. Six months earlier, it was turmoil in Chinese equity… Read more

Building an Educated Workforce

Industry News, Local

Dr. Sybil Francis Executive Director, Center for the Future of Arizona   When the Center for the Future of Arizona (CFA) was established in 2002, it was a time of dynamic change in Arizona. We knew that in order for Arizona to remain prosperous and a welcoming community, there would be a need for local… Read more

A Message from Commissioner Judy Lowe

Industry News, Local

Commissioner Judy Lowe Arizona Department of Real Estate (ADRE)   ADRE… By The Numbers The real estate industry and the professionals that serve it continue to be a pillar of the Arizona economy. Each real estate licensee plays an intricate and important role in the success of Arizona. As calendar year 2016 comes to an… Read more

Arizona Real Estate Appraisals

Appraisal, Industry News

Debra Rudd Manager, Real Estate Appraisal Division Arizona Department of Financial Institutions   We live in a time of immediate results. If we are unable to obtain the answers to questions instantaneously, we work on ways to speed up the process. An example of this pertains to real estate appraisals and the recent attempt from… Read more

Millennials Will Drive Growth in Home Sales

Industry News, Market Update

Jonathan Smoke Chief Economist, realtor.com   The U.S. has been celebrating a strong recovery in the housing market and solid growth in sales for the last two years. One area of disappointment has been the depressed level of first-time buyer activity. Since more than 60 percent of first-time buyers are millennials, this generation’s plans and… Read more

The Tiny Luxury – A 2016 HGTV/DIY Series

Industry News, Special Interest

Jason Francis Co-Founder, Chief Operating Officer, Tiny Heirlooms   Luxury has always been a coveted desire for most people. For years, it’s been about acquiring treasures, riches, massive estates and attaining a prestigious status defined by these “things.” The belief has been that this type of luxury provides freedom and happiness; for some it does. Yet,… Read more

A Conversation with Robert Joffe – A Top Luxury Home Agent

General Real Estate, Publisher's Letter

Tricia Covert Publisher, Arizona Journal of Real Estate & Business   Throughout this Journal issue, our guest columnists offer their opinions and experiences about luxury: the definition, the demand and the trends. When it comes to luxury homes in Phoenix metro, Robert Joffe can definitely add to the conversation. His 16 plus years of experience in… Read more

Luxury Home Appraisals

General Real Estate

Andrew Ament Certified Residential Appraiser, Censeo Valuation Consultants, LLC   The Phoenix area has a diverse housing inventory in terms of size, design and quality of construction. The luxury home market, defined loosely as homes priced over $1 million, is also quite diverse. The market includes relatively small, high rise condominiums with expansive views to the… Read more

Market Summary

Market Update

Michael Orr Journal Columnist Founder and Owner, Cromford® Report   Just as predicted, August sales were strong thanks to its 23 working days and fully made amends for the shortfall in July, which only contained 20 working days. Until now, 2016 has been quite similar in market behavior to 2015 for the majority of the… Read more

IRC 170 Exchange: An Easy Luxury Home Exit Strategy

General Real Estate

Brad Grannis Real Estate Asset Manager, ASU Foundation For A New American University   Luxury listings often require a huge amount of patience (e.g., time on the market) and the fortitude to tackle deferred maintenance. For the right sellers (high-net worth individuals or family offices), there is a little-known IRS code that allows the seller to… Read more

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