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Posts Categorized: Market Update

Market Summary Cromford Report

General Real Estate, Market Update

Michael Orr Arizona Journal Columnist Owner, Cromford® Report Director, W.P. Carey School of Business   2016 started off in a much better position than in January 2015. Almost every indicator showed us that we have a stronger market than 12 months ago. Supply remains tight at the entry level but is abundant at the higher… Read more

Commercial Slow & Steady Wins The Race

Commercial Corner, Market Update

Molly Carson Vice President, Development Ryan Companies US, Inc.   Some believe there are global and domestic issues to be concerned about in 2016 and the not so distant future: the pending presidential election, historically low oil prices, an unstable Chinese economy, rising interest rates and so on. These concerns may keep you awake at… Read more

Market Outlook

Industry News, Market Update

Michael Orr Arizona Journal Columnist Owner, Cromford Report Director, W.P. Carey School of Business   In 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,… Read more

Arizona Economic Overview

General Real Estate, Market Update

Sandra Watson President and CEO, Arizona Commerce Authority   Arizona celebrated many accomplishments over the past year, and as we move into 2016 our state’s economic outlook is positive. During fiscal year 2015, the Arizona Commerce Authority (ACA) successfully closed 120 projects representing 18,314 projected jobs with average wages of approximately $51,809 and $1.51 billion in… Read more

Market Summary

Local, Market Update

Michael Orr AZ Journal Columnist Owner, Cromford® Report Director, W.P. Carey School of Business   Phoenix Metro After a strong six months from February 2015 through July 2015, the Greater Phoenix market has lost some momentum between August and November. It is tempting to write this off as seasonal, but it is a little more… Read more

A 2016 Update: Maricopa County Treasurer

Editoral, Market Update, Special Interest

Tricia Covert Editor, Arizona Journal of Real Estate & Business   A new year is here which means preparation for the annual tax lien auction scheduled for February 10, 2016 is underway. The auction expects an average of 1,200 people looking to invest in tax lien parcels as a result of delinquent payments from Arizona property… Read more

Is It Important to Understand Tax Liens?

Market Update, Special Interest

Barry Becker Tax Attorney   As we are all aware, virtually all property in the State of Arizona not owned by a government entity or charity is subject to a property tax. Interestingly, many people fail to pay their property taxes on a timely basis. When those taxes are not paid, the County sells the… Read more

Authenticity: The Hidden Brand Advantage

Market Update, Special Interest

Emily Soccorsy Founder/Brand Strategist, EmJoy, Inc.   In the 21st century, the single most important quality of every brand large and small is its authenticity. Why? The purpose of branding is to attract clients and partnerships who believe what you believe, and who understand that your brand is a monument to what you believe. You can… Read more

REITs and Wealth Building

General Real Estate, Market Update

Paul Ohanian Founder and CEO, Scottsdale Wealth Planning, Inc.   In previous issues of the Journal, I’ve discussed the basics of Real Estate Investment Trusts (“REITs”) and their role in providing asset diversification and lessening general stock market exposure in a portfolio. In this issue, I would like to explore REITs as a tool for… Read more

Solar Update

Market Update

Mark Holohan President, Arizona Solar Energy Association Solar Division Manager, Wilson Electric   Solar installed capacity continues to grow rapidly in the U.S. and Arizona as well. Despite the end of utility incentive programs for customer solar generation, activity continues due to lower system prices. This dramatic progress resulted from technology innovation, industry scaling, financing… Read more

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