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Posts Categorized: Market Update

REITS and Rising Interest Rates

Industry News, Local, Market Update

Paul Ohanian Founder & CEO, Scottsdale Wealth Planning, Inc.   As a seasoned investment professional, I have often looked to real estate to provide asset diversification, lessen general stock market exposure and, where appropriate, generate income in a portfolio. In a past Journal issue, I discussed the characteristics of Real Estate Investment Trusts or “REITs,”… Read more

Property Tax Increases for Arizona Homeowners

Industry News, Local, Market Update

Charles “Hos” Hoskins Maricopa County Treasurer   In 2012, voters passed Proposition 117 hoping to see a property tax reduction; however, it probably won’t work out that way for most homeowners. Before I tell you why, let me cover some of the characteristics of the Arizona property tax system. Properties are classified by use with… Read more

“Fix & Flip” Market Update

General Real Estate, Market Update

Written by Alan Langston Executive Director, Arizona Real Estate Investors Association   The “fix & flip” market is an important one to every community and in every market cycle. Investors add value to a real estate transaction through the rehab of a property and then selling at or near “retail” for a profit. If you… Read more

A “Fix & Flip” Inspection Is Important

General Real Estate, Market Update

Paul Furman President and Owner, AJF Engineering & Inspections   Many “fix & flip” investors take pride in remodels by using quality materials, licensed contractors and upgrades to old, antiquated systems; other investors put “lipstick on a pig.” These investors use unlicensed contractors and cut corners to maximize profits. Unfortunately, the cutting corners method has… Read more

Promoting Arizona Business Growth

Commercial Corner, Market Update

Written by: Sandra Watson President and CEO, Arizona Commerce Authority   Spearheading Arizona’s economic development efforts, the Arizona Commerce Authority (ACA) promotes statewide assets and competitive advantages to businesses in the global marketplace that will advance their corporate success. The ACA works to recruit innovative out-of-state companies to establish new operations in Arizona, helps companies operating in… Read more

10,000 Baby Boomers Retiring Every Day

Market Update, Special Interest

Written By: Karrin Taylor Chair of Federal Affairs DMB Associates, Executive Vice President   There’s a large wave of Boomers reaching retirement age every day in America. Most Boomers continue to work, at least part-time, and many report wanting a robust life of purpose in retirement. What does this mean for housing and development in Arizona?… Read more

New Home Sales

Market Update

By Dennis Webb   The first quarter of 2015 has seen a resurgence of new home sales throughout the Valley. Reviewing the first two months in 2015, there were 1841 permits compared to 1490 permits in 2014 – a 24% increase*. New home permits last year totaled 10,840 which was less than the previous two… Read more

Renewed Buyer Enthusiasm

Market Update

Written by Michael Orr   The Greater Phoenix housing market has been in the doldrums ever since the summer of 2013. With low sales numbers and a relatively weak level of supply there has been little excitement for sellers or buyers. However activity measured by the Arizona Regional Multiple Listing Service (ARMLS) shows that everything… Read more

Phoenix Metro Apartments

Market Update

By Pete Te Kampe In 2014, industry professionals in the Phoenix metro apartment market felt as though their space was experiencing auspicious conditions.  This was due to rising rents, escalating property values, plummeting vacancies, booming construction, increasing lending, intensifying investor demand and waning concessions. Recently, the most frequently overheard concern expressed by industry professionals is… Read more

2015 Real Estate Industry Changes

Market Update

By Jim Sexton   The Arizona REALTOR® leadership team attended the National Association of REALTORS® (NAR) Conference and Expo in New Orleans in November 2014. Arizona was well represented at the Conference with 51 Arizona REALTORS® serving as NAR Directors or Committee members totaling 70 appointments overall. As we navigate through the first quarter of… Read more

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