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Posts Categorized: Market Update

Economic Update

Market Update, Special Interest

Sandra Watson President and CEO, Arizona Commerce Authority   Millions of people love Arizona and choose to live here. The Arizona Commerce Authority (ACA) wants to know why. To discover what is genuine, meaningful and different about Arizona, the ACA has launched a statewide branding and promotion project called Promote AZ under Governor Doug Ducey’s leadership…. Read more

Commercial Update: NAIOP

Commercial Corner, Market Update

Tom Johnston Senior Managing Director,Savills Studley 2015 NAIOP Chairman   The Arizona Chapter of NAIOP is the ninth largest business trade association in Arizona and one of the largest commercial real estate groups in the United States with a membership of more than 750. Our organization recently has made it a priority to reach beyond… Read more

Residential Update

Market Update

Elliott D. Pollack CEO, Elliott D. Pollack & Company   The recent strength in the new single-family home market has translated into more optimism on the part of the Blue Chip Consensus Panelists1. The panel now expects about 15,500 single-family units will be permitted in Greater Phoenix this year: that’s up from fewer than 11,000… Read more

Market Update

Market Update

Bill Gray Educator, Arizona School of Real Estate & Business   At the present time, the Phoenix Metro area is the eighth most affordable housing market in the United States. First time buyers are now entering the housing market to take advantage of today’s prices. As of mid October, a median price home in the… Read more

Mortgage Update

Market Update

Mike Fratantoni Chief Economist, Mortgage Bankers Association   The national economy is growing, and the job market continues to improve, but slower growth abroad and tighter financial conditions convinced Fed policymakers to wait at least one more meeting to increase rates. We expect GDP growth to continue at a similar pace in the second half… Read more

The New Urban Luxury Home

Market Update, Special Interest

Keith Miskin Founder, Cambridge Properties   It’s no secret the market is back in the Valley. When you look around there is construction in the works – everywhere. For the first time in years, tower cranes are in place to build some of the most luxurious, unique and not to mention tall residential buildings this… Read more

International Luxury Home Buyers

Market Update, Special Interest

Sandra L. Wilken Designated Broker, Engel & Volkers Scottsdale   There is not a simple answer to the question of how different the home buying process is when dealing with International Buyers. Generally, the basic foundation of how to handle a home buyer is the same: it is critical to understand their overall needs, define… Read more

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

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