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Posts Categorized: Market Update

Land Market 2016 Mid-Year Update

Market Update

Greg Vogel CEO, Land Advisors Organization   While the economy is growing stronger the need for land is rising. The Phoenix metro volume of overall land transactions has improved significantly from this time last year. This increase is being heavily influenced by the homebuilders and their rapidly declining lot and land inventory in the face of… Read more

A Message from Commissioner Judy Lowe

Industry News, Market Update

Judy Lowe Commissioner, Arizona Department of Real Estate (ADRE)   Homeowner Association Dispute Process Now With Arizona Department of Real Estate The 2011 Arizona Legislature passed legislation providing Arizona homeowners a venue for resolving disputes with Condominium Homeowners Associations and Planned Community Associations, referred to and known as HOAs. These administrative procedures provide an alternative… Read more

Words from Jim Lane Mayor of Scottsdale

Local, Market Update

Jim Lane Mayor of Scottsdale   Scottsdale has earned a reputation in the Valley as a place where people want to live. Nationally and internationally the City has earned a reputation as a place people want to visit. Increasingly, Scottsdale is also known as a place people want to bring their businesses. I am so… Read more

Market Summary

Market Update

Michael Orr Journal Columnist Founder and Owner, Cromford® Report   The market conditions in early June remain similar to April and May, with different price ranges in dramatically different situations. Sales volume is strong, well above 2015, but supply is the main factor that determines how the various market sectors are doing. Overall supply has… Read more

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

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