Posts Categorized: Industry News
Market Summary
Industry News, Market Update
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
Mortgage Industry Update
Industry News, Lending
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
The Impact of International Markets
Industry News
October 25, 2016
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
October 25, 2016
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
October 25, 2016
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
October 25, 2016
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
October 25, 2016
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
September 21, 2016
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
August 19, 2016
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
July 22, 2016
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