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The New Job Advice: Put Down the Machine Tool, Pick Up the Hammer

Article: Wall Street Journal: July 6,  2015 Businesses are hiring at a solid pace, as shown by Friday’s employment report. But the mix of jobs is also important. For those who have less than a college degree, the best career path may lead to a construction site. No doubt about it, the bulk of U.S…. Read more

Mortgage Bankers Association Significantly Increase Forecast For Home Purchase Lending

Purchase Originations Now Projected to Top $800 Billion in Both 2015 and 2016   WASHINGTON, D.C. (July 22, 2015) – The Mortgage Bankers Association (MBA) today released its updated mortgage finance and economic forecasts. The revision included a significant increase in the volume of purchase originations. MBA now projects that purchase originations will reach $801 billion… Read more

Canadian Homebuyers Investing Heavily in Arizona Properties

by ARIZONA REALTORS on JULY 1, 2015 The National Association of REALTORS® (NAR) reports that Canadians spent about 20% less on all U.S. properties year-to-year from April to March, but still accounted for $11.2 billion dollars in total value. Arizona is second only to Florida with Canadians investing almost $1.8 billion in the Grand Canyon… Read more

Early Sales Bump Puts Spring in Home Builders’ Step

Home builders got a bigger lift than many expected from this year’s spring selling season, with new-home sales rebounding strongly from the industry’s lackluster 2014. The 233,000 new homes sold in this year’s first five months amount to a 24% increase from the same period a year earlier, according to Commerce Department data released Tuesday…. Read more

Home Sales to Hit Highest Level Since 2006, Realtor Group Says

Industry News, Market Update, National

Home Sales to Hit Highest Level Since 2006, Realtor Group Says By Laura Kusisto Existing homes sales this year are expected to hit levels not seen since just after the peak, in 2006, driven by strong job growth, low interest rates and a gradual loosening of lending standards, according to the National Association of Realtors…. Read more

Applications For New Home Purchases Increased In March

WASHINGTON, D.C. (April 9, 2015) – The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for March 2015 shows mortgage applications for new home purchases increased by 17 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns. “Overall, applications for new home purchases during the first quarter… Read more

Commercial Sector Moves From Recovery To Expansion

TEMPE, Arizona (April 8, 2015) — The professionals who are closest to commercial real estate in Phoenix say that the market is now in expansion and are confident that the expansion will continue, according to the fifth Commercial Real Estate Survey from the Center for Real Estate Theory and Practice at the W. P. Carey… Read more

U.S. New Home Sales Reach Highest Level in Seven Years

Sales of newly built single-family homes increased 7.8% in February to annual rate of 539,000 By: JEFFREY SPARSHOTT and KRIS HUDSON   WASHINGTON—New-home sales rose to the highest level in seven years in February, a sign of strong demand that could help boost the broader U.S. housing market. Sales of newly built single-family homes increased 7.8%… Read more

Arizona Passes Law Eliminating Appraisal Board

Arizona Gov. Doug Ducey on March 12 signed into law SB 1480, legislation that eliminates the Arizona Board of Appraisal effective July 1. The ABOA’s administrative functions will be reassigned to the Department of Financial Institutions. This provision was included in the state’s FY 2016 budget that passed the legislature March 7. Arizona will join… Read more

‘Domino Effect’ to Set Off 2015 Housing Wave

Home prices between the top and bottom segments of the housing market are rising, which could unleash a “domino effect” that builds first-time and move-up buyer momentum this year, notes a new real estate report by Clear Capital. But the build up in traditional home buyers is coming at the cost of declines in the… Read more

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