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Posts Categorized: Market Update

City Improvement Programs

Market Update, Publisher's Letter

Tricia Covert Publisher, Arizona Journal of Real Estate & Business   The status of the home market continues to be at the forefront of conversations for people both inside and outside of the real estate industry. With rising home prices, increased sales and even fix-n-flip transactions, various City Councils are also taking part in the conversation… Read more

Words from Jerry P. Weiers, Mayor of Glendale

General Real Estate, Industry News, Market Update

Mayor of Glendale Jerry Weiers   THE DAWN FOR GLENDALE This is a great time for the City of Glendale. I’m proud to report on a number of exciting projects that will enhance our residents’ quality of life even more than today and reaffirm Glendale’s position as the leading economic engine for the West Valley…. Read more

Market Summary

Market Update

Michael Orr Journal Columnist Founder and Owner, Cromford® Report   The second quarter of 2016 started pretty much where the first quarter left off. In fact, March and April were remarkably similar. Maricopa County unit sales for single family and condo homes were up 8 percent from April last year. The median sales price rose… Read more

Pathway To Purchase

General Real Estate, Market Update

  The Arizona Department of Housing recently announced the launch of Pathway to Purchase. This is a new program for Arizonans statewide looking to become homeowners in select cities. With the escalating increase in rents, many creditworthy renters are finding it more and more difficult to save for a down payment. Pathway to Purchase gives… Read more

Market Summary

Market Update

Michael Orr Journal Columnist, Founder and Owner, Cromford® Report   The first quarter of 2016 got off to a slightly slow start but began to accelerate hard in March. The first quarter ended with Maricopa County unit sales for single family and condo homes up 12 percent from last year. The median sales price rose 8… Read more

Commercial Mortgages in Arizona

Commercial Corner, Market Update

Rocke Andrews President, National Association of Mortgage Brokers   Commercial mortgages in Arizona avoided much of the publicity and outcry of their residential brethren. However, it was clear to see plenty of retail and office properties were vacant and for sale. Smaller sites as well as the larger malls experienced disappearing occupants and missed payments. Many… Read more

Phoenix Metro Apartments: An Investment and Development Viewpoint

Industry News, Market Update

  Joseph Meyer President & CEO, Meyer Development & Construction Services, Ltd.   Drive around town and you can’t seemingly go more than a mile without encountering another newly completed apartment project – or one that’s under construction. At least that’s the case in the East Valley where distinct pockets of swank new apartments are fetching… Read more

Arizona Multihousing Legislative Progress

Market Update, Property Management

Tom Simplot President & CEO, Arizona Multihousing Association   Fifty years ago, the Arizona Multihousing Association (AMA) was formed after a group of apartment operators joined together to promote and advocate for a fair and competitive housing market. Today, the mission of the AMA remains the same in protecting the interests of ethical rental housing providers… Read more

Market Summary

Market Update

Michael Orr Journal Columnist Founder and Owner, Cromford® Report   During 2015 the Greater Phoenix housing market gained strength from February through July with tight supply below $250,000 and healthy demand for the mid ranges between $250,000 and $500,000. The high-end luxury market also had an excellent first half, but lost a lot of momentum… Read more

Multifamily: Responding to Demand

Industry News, Market Update, Property Management

John Kobierowski Senior Managing Partner, ABI Multifamily   Thomas M. Brophy Director of Research, ABI Multifamily     As of the end of 2015, the Phoenix metro multifamily market surpassed $3.8 billion in total sales volume. This is up 34 percent Y-O-Y and almost 265 percent from 2010 sales volume reaching a total of just over $1… Read more

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