Home » (Page 3)

Posts Categorized: Market Update

Words from John Giles, Mayor of Mesa

Local, Market Update

John Giles Mayor of Mesa   Mesa is the third largest city in Arizona and our growth is accelerating. For years, we have been known for our stellar housing communities and that continues today with new developments like Eastmark, Cadence and Lehi Crossing. We were only second to Phoenix in 2016 in number of new… Read more

Market Summary

Market Update

Michael Orr Journal Columnist Founder and Owner, Cromford® Report   TABLE A This table shows postal cities in Maricopa and Pinal Counties by the number of home sales recorded in 2016. Note that although it is still unincorporated, San Tan Valley is now the 9th largest “city.” TABLE B Ranks the postal cities by dollar… 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

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

You are now leaving ASREB.com

Cancel