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Posts Categorized: Market Update

Economic Update

Market Update

Chris Camacho President & CEO, Greater Phoenix Economic Council   This November, regional and state leaders gathered to share the announcement that ADP — a global provider of human capital management solutions — would be opening a new office in Tempe, Arizona adding 1,500 jobs in a space that was once the headquarters for U.S…. Read more

2017: Phoenix Market Leads the Nation

Market Update, National

Jonathan Smoke Chief Economist, realtor.com   Despite a more moderate housing market overall in 2017, strong local economies and population growth will continue to fuel the nation’s top markets. The realtor.com® 2017 top 10 housing markets based on price and sales gains are: Phoenix-Mesa-Scottsdale, Ariz. Los Angeles-Long Beach-Anaheim, Calif. Boston-Cambridge-Newton, Mass.-N.H. Sacramento–Roseville–Arden-Arcade, Calif. Riverside-San Bernardino-Ontario,… Read more

Real Estate CrowdFunding

Industry News, Market Update

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

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

Market Summary

Market Update

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

Economic Update

Market Update

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

Market Update

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

Market Summary

Market Update

Michael Orr Journal Columnist Founder and Owner, Cromford® Report   The market in 2016 has behaved very predictably following all the usual seasonal trends and largely mirroring the market of 2015. However, 2015 lost some momentum in August and we are seeing no evidence of any similar weakness in 2016. In fact, demand has shown… Read more

The State of Arizona’s Technology Sector

Market Update, Technology/ Social Media

Steve Zylstria President & CEO, Arizona Technology Council   In 2016, Arizona’s technology sector has arguably seen its most successful year-to-date. The state has more jobs in technology; our educators are focused on teaching science, technology, engineering and math (STEM); and there are positive signs for increased venture capital opportunities. Looking ahead, the Arizona Technology… 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

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