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The Dealmaker: 1/12/2017

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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.
Phoenix real estate in December: Sales up 6%, inventory down 3%. The last time Calculated Risk’s Bill McBride made an appearance in Dealmaker was six months ago. Now he’s back with Residential Sales and Inventory figures for December 2016. See why Bill says the numbers could indicate “a change in trend – something to watch.” —> http://bit.ly/2jbXxUX

Frank Lloyd Wright-influenced townhome models available to view.  “The Mason is a 33-unit townhome community located near 16th Street and Bethany Home Road by developers Liv URBN, a joint venture between Baron Properties and Denver-based Haselden Construction.” Check out interior/exterior renderings (pretty cool), plus get design and pricing details, in AZ Business Magazine. http://bit.ly/2jbVJKW

51st/Union Hills property site of new residential development. “Deer Valley Villas… will include 18 single family homes… built on just over four acres of undeveloped land at 18800 N. 51st Ave….” Further project details including whether water flow from the development is something neighbors should be concerned about, in The Glendale Star. http://bit.ly/2jbTE1V

TAKEOFFS & LAND[INGS] – Eloy OK’s condemnation or negotiation for airport land. Pinal Central: “The Eloy City Council authorized legal counsel Monday to move ahead on land acquisitions near the Eloy Municipal Airport to relocate the taxiway to comply with Federal Aviation Administration standards.” http://bit.ly/2ihxrA3

Builders predict big expansion in construction. “Construction of single-family homes is expected to gradually rise this year, as a growing economy, solid employment gains, and rising household formation buoys builders’ forecasts.” REALTORMag looks at NAHB’s projected figures for single-family production along with “pressing challenges” that builders still face. (BTW, with the amount of homebuilding/real estate organizations and publications, it got us wondering if our ancient ancestors had similar outfits. Perhaps with names like Incaveman, Arizona Teepee Exchange or even the Natives Association of Hut Builders, which actually would’ve been able to utilize the acronym NAHB!) http://bit.ly/2jbTQyA

IT’S A MYSTERY – Suddenly, home sale agreements are falling apart across the U.S. “A Trulia analysis… shows that 3.9 percent of homes that moved from for-sale to pending moved back to for-sale again, nearly double the rate in 2015. Such ‘failed sales’ increased in 96 of the 100 biggest U.S. metros…” Even more unsettling? This ominous line in the subheading of this Bloomberg report regarding all the deals that are falling through: “…and nobody knows why.” http://bit.ly/2jnXzpP

Mortgage markets don’t share in Trump election bounce. “Demand for mortgages fell substantially during the last three months of 2016 after rates spiked by more than half a percentage point in the wake of Donald Trump’s election.” The WSJ looks at the MBA’s application numbers along with potential impacts on mortgage volume, mortgage-banking earnings, and lending institution hiring-and-firings should “mortgage rates remain elevated.” http://bit.ly/2jbXmZI

Cameron’s $5M + deals of the day – http://bit.ly/2jbYf49

Prestigious indoor polo matches at Barrett-Jackson this weekend – http://bit.ly/2j1H6bk

Get ready to love where you work: Rose Law Group is hiring a Commercial Litigator – http://bit.ly/2hRxUZH
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!
[EXCLUSIVE] Napolitano discusses education, immigration, Trump with Rose Law Group Reporter. Senior Reporter/Writer Phil Riske talks with former Arizona Governor and current University of California president, Janet Napolitano. Read Phil’s exclusive interview here: http://bit.ly/2ioO9fz

MONEYBALL – Maricopa County’s legal battle with the Arizona Diamondbacks over Chase Field could cost a pretty penny. “The county Board of Supervisors agreed Wednesday to pay as much as $1 million to two law firms to defend it in a lawsuit filed by the team.” Republic political reporter Rebekah L. Sanders gives a brief rundown of the legal battle and notes “an ironic twist” involving “legal costs” and where the funds to pay for them will come from. http://bit.ly/2ikwJgK

Former DREAMer, Phoenix resident raises concerns at Sessions hearing. “While [Oscar Vazquez] has never benefited from [the Deferred Action for Childhood Arrivals program], [the Carl Hayden High School grad] said he is not only worried that other immigrants will lose those deportation protections… but that they will be too fearful to approach a [Jeff] Sessions-run Justice Department if they are victims of crime.” More on Vazquez’s testimony before the Senate Judiciary Committee, and what Sen. Lindsey Graham had to say about it, in Cronkite News. http://bit.ly/2jAHIDz

Westland Properties Group closes developed custom lot transaction Read more

Trend Spotter Kim Lear to Keynote ULI Arizona’s 2017 Trends Day Focused on ‘Adapt.Disrupt.Create’ Read more

Sophisticated, Smart, Scenic: Innovative Carefree Community Attracting Untapped Market 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.