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How are Scottsdale developers building taller, denser buildings?

Posted by   /  February 28, 2017  /  Government and Politics, Real Estate  /  No Comments

By Parker Leavitt | The Republic At least a dozen Scottsdale development projects have taken advantage of a lesser-known provision in the city’s zoning code that allows taller buildings and greater density in exchange for public art and other improvements since the ordinance was adopted five years ago, records show. A seven-story office tower planned […]

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New-home sales up less than expected; prices up 7.5% annually

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

By Jann Swanson | Mortgage News Daily Sales of newly constructed homes, had a strong start in 2016 but flattened out toward the end of the year and ended with a dismal December. Now 2017 has also started on a positive note. The Census Bureau and the Department of Housing and Urban Development reported sales […]

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Spring home-buying season gets an early start

Posted by   /  February 27, 2017  /  Real Estate  /  No Comments

RISMedia Housing is set to smash records in February, with realtor.com® forecasting both the fewest days on market since the recession and the month’s highest list prices—an early start to the spring home-buying season, says realtor.com Chief Economist Jonathan Smoke. “The spring buying season is off to a booming start,” Smoke says. Continued:

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Buyers are being drawn to new homes

Posted by   /  February 27, 2017  /  Real Estate  /  No Comments

REALTORMag Sales of newly built, single-family homes increased 3.7 percent last month, reaching a seasonally adjusted annual rate of 555,000 units, the Commerce Department reports. “We can expect further growth in new home sales throughout the year, spurred on by employment gains and a rise in household formations,” says Robert Dietz, chief economist of the […]

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Highest home-buying demand in years stifled by tight inventory

Posted by   /  February 27, 2017  /  Real Estate  /  No Comments

By Jann Swanson | Mortgage News Daily Tight inventories are again being blamed for a downturn in home sales, this time January’s ones. The National Association of Realtor’s® (NAR’s) Pending Home Sale Index (PHSI) declined by 2.8 percent from December, reaching the lowest level in a year. The PHSI is a forward-looking indicator based on […]

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Pollack: The economy is expanding

Posted by   /  February 27, 2017  /  Economy, Real Estate  /  No Comments

The Source for Information and Analysis on the Arizona Economy and Real Estate ELLIOTT D. POLLACK & Company FOR IMMEDIATE RELEASE February 27th, 2017   The Monday Morning Quarterback A quick analysis of important economic data released over the past week Not a lot of economic news last week. But, the data that were released […]

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Chicago Airbnb on hold after Goldwater suit

Posted by   /  February 27, 2017  /  Courts/Law, Government and Politics, Real Estate  /  No Comments

Continued:

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Surprise! Surprise beats Phoenix in the rent growth race, and so does most of the metro

Posted by   /  February 27, 2017  /  Real Estate  /  No Comments

RENTCafe Blog The desert climate doesn’t seem to help set Phoenix apart from the rest of the nation, in that the cores of big US metros are cooling off, unlike cities on the outer edges of the urban rings, where the rental heat maps are starting to glow red hot. Phoenix rents have reached $889/month […]

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Tax reform proposals could cause home ownership to wane

Posted by   /  February 26, 2017  /  Government and Politics, Real Estate  /  No Comments

By Gabriela Rico | Arizona Daily Star Industry leaders fear if taxpayers don’t use the mortgage interest deductions, fewer people will want to buy a house and for sale signs will hang longer. While the local housing market is enjoying a recovery, tax reform proposals coming out of Washington are stoking fears about a damper […]

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[EDITORIAL] Dreamport Villages

Posted by   /  February 26, 2017  /  Economy, Real Estate  /  No Comments

Disclosure: Rose Law Group represents the developers of this project. Pinal Central Pinal County has been proposed as a site for a number of theme parks over the years, with its strategic location along major transportation corridors. The one announced recently, however, Dreamport Villages, has a significant air of realism attached. (Editor’s note: Opinion pieces […]

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