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The Dealmaker: 10/18/2016

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The Dealmaker is a daily note of the day’s top real estate stories served just in time for lunch.  Bon Appetit! Subscribe here to receive the Dealmaker to your inbox.
Coming Soon: Apache Sky Casino. This is a brief update on the “San Carlos Apache Tribe[’s]… new casino [which is being built]… in the Dudleyville/Mammoth area.” But with “[l]ate summer monsoon storms [having] delayed some of the construction,“ how soon is “soon”? Find out, from CopperArea.com. http://bit.ly/2ehSIoA

Pollack: Let’s talk oil and gas. But afterwards, let’s talk the apartment market in Greater Phoenix. U.S.: Unemployment Claims, Consumer Sentiment Index, Retail & Food Service Sales, Manufacturing &Trade Inventories/Sales Ratio. AZ: Unemployment Vs. National Trend, Apartment Vacancy Rates/Average Rents/Total Units on Market – Greater Phoenix. http://bit.ly/2dy5bVQ

The homeownership rate: Are demographics destiny? “[The] decline in the homeownership rate has triggered debate among housing experts. Of particular concern is the pronounced drop in the homeownership rate in demographic groups that historically have had lower-than-average homeownership rates.” Freddie Mac VP and Chief Economist Sean Becketti “[c]ontemplat[es] the future,” borrowing this line from Scrooge: ‘“Are these the shadows of the things that Will be, or are they the shadows of the things that May be only?” Find out if Becketti basically says “Bah humbug!” to the “Ghost of ‘Homeownership’ Past” —> http://bit.ly/2ervjRf

Tiny homes are cute, but zoning, regs will apply. “Yavapai County [officials] talk about what constitutes a tiny house and what, if any, regulations might apply.” But existing regs would appear to throw a monkey wrench into plans for fully-realized tiny-house lifestyles — at least in this county. One example? “Yavapai… does not allow for a tiny home on wheels to become a residence on private property.” And, based on thisThe Daily Courier report, county officials seem to be struggling a bit with how to proceed in changing that. http://bit.ly/2eeGsXY

Can leveling the real estate data standards field be a good thing? “The standards… are designed to allow MLSs, brokers and technology vendors to exchange real estate data in a common format without having to re-map the data to the specific format of every one of the nation’s 750 or so separate MLSs.” Inman looks at the “[t]he argument for standards” — how such standards will “alleviate broker pain and costs”; how they’ll “drive innovation” and “[e]levate the entire industry” while “[g]iving consumers what they want….”  Redfin CEO Glenn Kelman, Real Estate Standards Organization Chair, Art Carter, and CoreLogic’s Chris Bennett are among the “industry heavyweights” who share their views. http://bit.ly/2ej1pCQ

Cameron’s $5M + deals of the day – http://bit.ly/2epRqpN

The 6th Annual Bentley Scottsdale Polo Championships, November 5th, great party, great cause – http://bit.ly/2d3XWFr
Because you are an informed person, as a supplement to the Dealmaker, we are providing you 3 (sometimes more/less) non-real estate related articles we thought you might enjoy!
Focus on issues, not accusations, Arizonans tell presidential candidates.“Arizonans want their next president to fix the economy and improve K-12 education. But the call by Donald Trump to build a wall apparently leaves them cold.” Capitol Media Services’ Howard Fischer looks at these and other conclusions drawn from a “survey of 700 adult heads of household conducted earlier this month by the Behavior Research Center”– in Arizona Capitol Times. http://bit.ly/2ehTZMd

Arizona flexes its muscles in presidential politics. The ever-prolific Howard Fischer (is he ever NOT writing?!) looks at a recent WalletHub election report on “voter power” and its connection to how the Clinton campaign is sending surrogates to, pumping money into, and “smell[ing] victory in [our] traditionally red state.” In Arizona Capitol Times. http://bit.ly/2eNQbVW

23 PERCENT LEFT BEHIND – High school graduation rates up; Arizona lags behind nation. “High school graduation rates reached an all-time high of 83 percent last year, but Arizona still lagged behind the nation at 77 percent in the 2014-2015 school year…” Arizona Department of Education spokesman Charles Tack weighs in on what can be done (and is being done) to bring our grade up from what is essentially a C+. In Cronkite News. http://bit.ly/2dy94tR
 
‘BENCH PRESSER’ – Maricopa County Superior Court Judge Paul McMurdie appointed to Arizona Court of Appeals. “Judge [Paul] McMurdie has served on the Maricopa County Superior Court since 2005. He has presided over criminal, civil, and family law cases, and is currently the presiding family court judge, according to a press release.” More about Judge McMurdie, plus Gov. Ducey’s remarks on his appointment, inMesa Independent. http://bit.ly/2ej37nJ

Newsmaker BONUS: Curt Schilling says he’ll run against Elizabeth Warren in 2018. “Former Major League pitcher Curt Schilling has vowed to try and unseat Sen. Elizabeth Warren (D-Mass.) in 2018….  ‘So, I’ve made my decision. I’m going to run,’ the outspoken conservative said on WPRO radio Tuesday morning. ‘But — but — I haven’t talked to Shonda, my wife.’” Reuters.  (His very first political misstep: failing to make sure that his significant other was FIRST in the loop… never a good thing, as any guy can attest to. But good luck, Curt — not necessarily with your campaign — but with Shonda! ) http://bit.ly/2dy8OLD

Mesa Master-Planned Community Cadence at Gateway Launches With First Builder – Lennar Homes Read more

[IN-DEPTH] Home ownership pessimism might be overdone Read more

Western Wealth Capital of Canada Buys Multifamily Property Near ASU for $17 Million Read more
Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group.  Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others.  The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.

Belfiore Real Estate Consulting is Arizona’s leading housing market research firm.  The company couples its surveys of up to 350 new home subdivision sales personnel monthly with resale and public data, as well as the perspectives of leading development, homebuilding, lenders, brokerage, real estate law, contractors, and investors to report on and forecast residential housing market conditions.

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© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.