Online Articles
September 2018 – Letter From the Publisher
Publisher's Letter
August 30, 2018
Nate Hoelzen President, Arizona Journal of Real Estate & Business Dear Readers, In our industry, we find success through satisfying our clients. For that, you need to know what their needs are. But what happens if the client is not able to articulate exactly what they are looking for? It is imperative for you, the… Read more
LAYING DOWN THE LAW – THE LLC ACT, VERSION 2.0 OVERVIEW OF ARIZONA’S NEW LLC LAWS
Laying Down the Law
July 30, 2018
Christopher J. Charles, Esq. Andy G. Anderson, Esq. After a 25-year-long tenure, Arizona’s Limited Liability Company Act will be retiring soon, to be updated by a comprehensive new law signed by Governor Ducey this last legislative session. Attorney Andy G. Anderson and a small group of Arizona business lawyers spent the last two years… Read more
MARKET UPDATE: June 2018 Sales, New Inventory, and Median Purchase Price
Market Update
July 30, 2018
Fletcher Wilcox V.P. Business Development & Real Estate Analyst, Grand Canyon Title Agency, Inc. The June median purchase price for a previously owned single-family home in Maricopa County matched May’s record-high median purchase price of $295,000. The previous record for median purchase price was set in June of 2006 at $287,500. The chart below… Read more
How Online Listings Are Changing the Real Estate Profession
Technology/ Social Media
July 30, 2018
Kristin E. Rosan Partner, Madison & Rosan, LLP Attorneys at Law We are all familiar with a simple truth: technology makes our lives easier. The real estate profession is no different. What is different is the degree to which technology has completely transformed the profession. Those who practiced in the ‘90s may remember the… Read more
New Report Demonstrates Robust Competition in Real Estate Brokerage Market
General Real Estate
July 30, 2018
Melanie Wyne Senior Technology Policy Representative, National Association of REALTORS Later this year, a 10-year-old settlement and consent decree between the National Association of REALTORS® (NAR) and the U.S. Department of Justice (DOJ) mandating how listings are displayed by online brokerages will expire. On June 5, 2018, NAR had the opportunity to demonstrate the… Read more
Maintaining Your Value as a Real Estate Agent in the Digital Age
General Real Estate
July 30, 2018
Jeff Sibbach Team Leader, Sibbach Team, RealtyOneGroup Real estate agents are under immense pressure today from outside forces. Unlike the industry most of us came up in, the important early buying period is largely out of our control: aggregators and iBuyers are influencing potential buyers well before we become involved. And because we’re not… Read more
Job and Income Growth Make for a Fired-Up First Half of 2018 Real Estate Market
Market Update
July 30, 2018
Fletcher Wilcox V.P. Business Development & Real Estate Analyst, Grand Canyon Title Agency, Inc. We are halfway through 2018. Let’s review available economic information for 2018 and compare it to prior time periods. Arizona has made tremendous strides in job growth. The Arizona Office of Economic Opportunity has available job data for the first… Read more
Economic Forecast: Expectations High, but Less Long-Term Optimism
General Real Estate
July 30, 2018
Liz Dominguez Associate Content Editor RISMedia, Inc., Real Estate Magazine The latest Urban Land Institute (ULI) Real Estate Economic Forecast predicts modest fluctuations across the board for 27 economic/real estate indicators. The three-year forecast is completed semi-annually, surveying more than 48 economists and analysts at 36 real estate organizations. A leading concern? Rising interest… Read more
Phoenix Metro Changing Demographics and Why You Should Care
Technology/ Social Media
July 30, 2018
Mark Stapp W.P. Carey School of Business, Arizona State University There is one simple statement about metro Phoenix that is indisputable: this is a growth market. The recession aside, although the area has been growing for decades since the 1900s, the substantial growth this market is known for began in the 1950s. Between 1950… Read more
The New Real Estate Landscape: Changes, Challenges, and Choices
Technology/ Social Media
July 30, 2018
Cindi Acker-Hein Creative Strategist, Ninety-Nine Hats With both home prices and demand increasing, the future looks bright for Arizona’s real estate agents. But this seller’s market is also taking place during a time of great upheaval in the industry and, indeed, the world. Considering the current climate of low inventory and high demand, many… Read more