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New apartments not cresting: 5M new units need built, 12M need renovated

Posted by   /  August 29, 2017  /  Real Estate  /  No Comments

By Mike Sunnucks | Phoenix Business Journal The U.S. needs 4.6 million new apartments by 2030 and Arizona needs 236,000 new units in order to keep up with demand from millennials, empty nesters and other tenants. That is according to a new report by the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA). The […]

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Millennials prove their dependency on FHA loans is shrinking

Posted by   /  August 11, 2017  /  Real Estate  /  No Comments

By Kelsey Ramirez | Housing Wire The youngest generation of homebuyers is depending less on loans from the Federal Housing Administration, according to the monthly Ellie Mae Millennial Tracker report. Millennials, defined as the generation born from the early 1980s to mid 1990s, are entering the housing market as first time buyers, and the latest […]

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Flood of home sales may indicate Millennials diving in

Posted by   /  March 2, 2015  /  Dealmaker, Real Estate  /  No Comments

millennials

By Catherine Reagor | The Republic | azcentral.com More Millennials and boomerang buyers appear to be hopping off the fence and stepping into their own houses. Home sales across metro Phoenix are on track to jump more than 30 percent during the next few months, potentially signaling the restart of the area’s stalled housing recovery, […]

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