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Posts Categorized: Market Update

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

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

Market Summary

Market Update

Michael Orr Journal Columnist Founder and Owner, Cromford® Report   I have read a number of comments that July’s sales numbers were weaker than expected, showing a 3 percent fall compared with July 2015. People tend to think all Julys are created so a comparison of July 2015 and July 2016 sounds like apples to… Read more

Economic Update

Market Update

Sandra Watson President & CEO, Arizona Commerce Authority   Arizona is known for our spirit of opportunity and with Governor Ducey’s leadership we are getting things done! Our state continues to receive national accolades for our progress. Here are a few recent highlights: A July 2016 update from the Bureau of Economic Analysis shows that… Read more

Market Summary

Market Update

Michael Orr Journal Columnist, Founder and Owner, Cromford® Report   The second quarter was strong and healthy for the sale of homes up to $1 million, but serious problems remain for the higher end of the market above the million dollar mark. Overall supply has fallen substantially as homes are taken off the market for the… Read more

The Evolution of Masterplanned Communities

Market Update

Karrin Taylor Founder and President, Arizona Strategies   One thing is certain since the advent of masterplanned communities (MPCs) decades ago – what they look like and who wants to live there is constantly evolving. Today is no different from past decades ago, except for the speed of change that is occurring in this market. The… Read more

The Sky Is the Limit for Phoenix Metro Housing

Market Update

Greg Burger President, RL Brown Housing Reports   To give you a clear perspective for the future of new homes in Phoenix Metro, it’s important to understand where we have come from in the recent past. First, let’s examine total Phoenix Metro home sales, which is the combination of new home closings and resale closing activity…. Read more

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