Online Articles
ADRE Cease and Desist Orders Against Licensees
October 21, 2015
Michael Denious Attorney, Stoops, Denious, Wilson & Murray, PLC Over the past few years, the Arizona Department of Real Estate (ADRE) has issued several “cease and desist orders” against active licensees and brokerages.1 These orders are publicized in the Department’s “late breaking news” section of their website as well as sent via email to… Read more
Sellers Not Required To Disclose Proximity to Sex Offenders
October 21, 2015
Christopher Charles, Esq. Founder and Managing Partner, Provident Law In some cultures it’s customary to meet the neighbors before purchasing a home. In the appellate case Lerner v. DMB Realty, LLC, the plaintiffs likely wished they would have done just that. Unfortunately, they didn’t discover until after they closed on their purchase and moved… Read more
Solar Update
October 21, 2015
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
Economic Update
October 21, 2015
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
October 21, 2015
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
October 21, 2015
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
October 21, 2015
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
Cheers For Best Holiday Of Em’ All
October 21, 2015
Jerry Weissberg President, Hondros Family of Companies Over the years, I’ve sent this Thanksgiving note (by Mitch Albom – below) to colleagues, family and friends. I always receive numerous responses confirming the things we all cherish about this uniquely American holiday. Mitch Albom does a wonderful job of putting into words all the great… Read more
Mortgage Update
October 21, 2015
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
HOAs Covenants, Conditions and Restrictions
October 19, 2015
Augustus H. Shaw IV Shaw & Lines, LLC Many of the questions submitted to me regard how a HOA may enforce the Covenants, Conditions and Restrictions (CC&Rs). As such, I have decided to briefly explain how HOAs may enforce their CC&Rs. Enforcement of a HOA’s CC&Rs may be effectuate in two types of actions,… Read more