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Opus Group recommits to the Phoenix market

Posted by   /  March 28, 2017  /  Real Estate  /  No Comments

By Rebekah Morris for the Arizona Builder’s Exchange The Opus Group has seen ups and downs in the local market. During the Great Recession, Opus Southwest left the market and eventually the entire company was defunct. In 2014, a new company named The Opus Group entered the Phoenix market, re-engaging with many in the community. […]

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Hispanic homeownership rate rises for second straight year

Posted by   /  March 28, 2017  /  Real Estate  /  No Comments

By Suzanne De Vita | RIS Media Momentum Could Be Cut Short If Trump Carries Out Mass Deportation, Wall Hispanics are an overriding force in homeownership, flouting national figures as they establish owner households at a rising rate for the second straight year. Related: Lending to Hispanics – a whole new ballgame Meet today’s driving […]

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The economy’s thorn: low ownership rates

Posted by   /  March 28, 2017  /  Economy, Real Estate  /  No Comments

REALTORMag The homeownership rate is near its lowest level in more than 50 years. But homeownership remains a “critical part” of the national economy and “ongoing weakness in the single-family housing market, represents a substantial hurdle limiting the pace of economic growth,” according to a newly released study by the Rosen Consulting Group and Fisher […]

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Investor makes $750,000 flipping Donald Trump’s childhood home in Queens

Posted by   /  March 28, 2017  /  Real Estate  /  No Comments

By Beckie Strum | MarketWatch A real estate investor has flipped President Donald Trump’s childhood home in Queens, New York, for a 50% profit, banking nearly $750,000 over what he paid for it. Five days before Inauguration Day, investor Michael Davis sold at auction the brick tudor home where Mr. Trump first lived. The sale […]

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Home prices rise at fastest pace in 31 months

Posted by   /  March 28, 2017  /  Real Estate  /  No Comments

Job growth, demographics and limited supply drove 5.9% increase in 12 months ended in January, Case-Shiller says By Laura Kusisto | The Wall Street Journal U.S. home prices rose in January at their fastest rate since mid-2014, a trend that bodes well for sellers but could start to eat into demand as buyers get priced […]

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McCain predicts more ties between Russia and Trump campaign will be uncovered

Posted by   /  March 28, 2017  /  Government and Politics  /  No Comments

KTAR U.S. Sen. John McCain said he expects an investigation will uncover more ties between Russian officials and President Donald Trump’s campaign. “One thing I can predict to you unequivocally, there will be more coming out,” McCain told CBS News on Tuesday. But it will likely take time for those ties to be found. The […]

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Court rejects power co-op’s appeal for $7 million tax refund

Posted by   /  March 28, 2017  /  Courts/Law, Energy and Environment  /  No Comments

By Howard Fischer Capitol Media Services via Arizona Capitol Times A Southeast Arizona electric cooperative remains on the hook for more than $7 million in taxes to the state. The Arizona Court of Appeals on Tuesday rebuffed arguments by the Arizona Electric Power Cooperative that it need not pay the state’s use tax on coal […]

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Spec office buildings slated for big 250-acre Gilbert development

Posted by   /  March 28, 2017  /  Real Estate  /  No Comments

By Mike Sunnucks | Phoenix Business Journal Nationwide Realty Investors has started construction on two new speculative office building at its 250-acre Rivulon development in Gilbert. The two buildings are 60,000-square-feet and four stories each and are at Nationwide’s Rivulon’s project at Gilbert Road and Loop 202. Speculative office and commercial building has been stunted […]

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Federal budget would cut critical programs in Eloy

Posted by   /  March 28, 2017  /  Government and Politics  /  No Comments

By Tanner Clinch | Pinal Central New federal government budget proposals set forth by the Trump administration could hit Eloy especially hard. The budget would create dramatic cuts to after-school program funding as well as a loss of revenue for infrastructure and housing projects in Eloy, city and school officials say. Of the many programs […]

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REGIONAL NEWS March 28, 2017: Forty-two percent of Utah land is controlled by the BLM.

Posted by   /  March 28, 2017  /  Regional News  /  No Comments

Utah guv hails President Trump’s repeal of BLM land-planning reforms Denver’s growth spurt slows down — a little — as the city’s population nears 700,000 What does California need to meet its climate-change goals? For starters, denser housing and less driving, report says Las Vegas beats the odds, and its own past, in landing the […]

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