Online Articles
Commercial: Phoenix Metro Industrial and Office Progress
November 29, 2016
Jennifer Farino Regional Director of Analytics, Xceligent The Phoenix Metro commercial real estate market continues to follow its own trends from the rest of the nation, as it makes its way back up the recovery ladder from the Recession. Phoenix and the surrounding metro cities are working hard to attract new companies and businesses to… Read more
You’re Not In Kansas Anymore: A Cautionary Tale Concerning Real Estate Transactions in Arizona
October 25, 2016
Christopher J. Charles, Esq. Owner/Founder Provident Law Special Guest Writer Eric L. Walberg Attorney, Provident Law With interest rates hovering at historic lows and prices generally stable, many experts agree that now is still a good time to purchase real estate in Arizona. Everyone appreciates a good deal. But some buyers approach that goal… Read more
Market Summary
October 25, 2016
Michael Orr Journal Columnist Founder and Owner, Cromford® Report The market in 2016 has behaved very predictably following all the usual seasonal trends and largely mirroring the market of 2015. However, 2015 lost some momentum in August and we are seeing no evidence of any similar weakness in 2016. In fact, demand has shown… Read more
Market Opportunity in Surprising Places
October 25, 2016
Sean Becketti Vice President, Chief Economist Head of Economics and Research Department, Freddie Mac At the end of 2015, most forecasters predicted the Federal Reserve would increase short-term interest rates four times in 2016. And, as a consequence, the consensus predicted an increase in mortgage rates and a drop in mortgage originations, especially for… Read more
The State of Arizona’s Technology Sector
October 25, 2016
Steve Zylstria President & CEO, Arizona Technology Council In 2016, Arizona’s technology sector has arguably seen its most successful year-to-date. The state has more jobs in technology; our educators are focused on teaching science, technology, engineering and math (STEM); and there are positive signs for increased venture capital opportunities. Looking ahead, the Arizona Technology… Read more
The Impact of International Markets
October 25, 2016
Paul Ohanian Founder and CEO, Scottsdale Wealth Planning, Inc. Just over 90 days ago, “Brexit” dominated headlines. The Washington Post said the vote had “escalated the risk of global recession, plunged financial markets into free fall,”1 becoming the latest international crises to induce market volatility. Six months earlier, it was turmoil in Chinese equity… Read more
Building an Educated Workforce
October 25, 2016
Dr. Sybil Francis Executive Director, Center for the Future of Arizona When the Center for the Future of Arizona (CFA) was established in 2002, it was a time of dynamic change in Arizona. We knew that in order for Arizona to remain prosperous and a welcoming community, there would be a need for local… Read more
A Message from Commissioner Judy Lowe
October 25, 2016
Commissioner Judy Lowe Arizona Department of Real Estate (ADRE) ADRE… By The Numbers The real estate industry and the professionals that serve it continue to be a pillar of the Arizona economy. Each real estate licensee plays an intricate and important role in the success of Arizona. As calendar year 2016 comes to an… Read more
Arizona Real Estate Appraisals
October 25, 2016
Debra Rudd Manager, Real Estate Appraisal Division Arizona Department of Financial Institutions We live in a time of immediate results. If we are unable to obtain the answers to questions instantaneously, we work on ways to speed up the process. An example of this pertains to real estate appraisals and the recent attempt from… Read more
Millennials Will Drive Growth in Home Sales
October 25, 2016
Jonathan Smoke Chief Economist, realtor.com The U.S. has been celebrating a strong recovery in the housing market and solid growth in sales for the last two years. One area of disappointment has been the depressed level of first-time buyer activity. Since more than 60 percent of first-time buyers are millennials, this generation’s plans and… Read more