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Posts Categorized: Industry News

Market Summary

Industry News, Market Update

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

Mortgage Industry Update

Industry News, Lending

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

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

The Future of Designs

Industry News

Kermit Baker Chief Economist, The American Institute of Architects   In order to get a sense of what will be the dominant forces in design, construction of homes and buildings over the next decade, the American Institute of Architects (AIA) conducted a recent survey. The survey respondents were made up of a panel of nearly 1000… Read more

People, Planet and Profit: LEED Certification in Arizona

Industry News

Mary Wolf-Francis Chair, Market Leadership Advisory Committee U.S. Green Building Council Arizona Community Outreach Liaison for DIRTT Environmental Solutions   A symbol of excellence in green buildings, LEED or Leadership in Energy and Environmental Design, developed by the U.S. Green Building Council (USGBC), provides building owners and operators with a framework for identifying and implementing… Read more

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