Growing Loop 303 business park in Goodyear expected to bring more jobs. “Dick’s Sporting Goods, REI, Bimbo Bakeries… humongous buildings along Loop 303… part of a growing effort to attract industrial employers…” And, according to this AZCentral report, the effort is paying off. Says one city official: “‘[In] 2010, there were no [industrial] businesses… But [now] there’s almost 1,000 jobs’ … The prime spot has caused some companies to consider relocating… from as far west as California…” (Which, in the CONUS, is pretty much “as far west” as you can go.) In any event, great news for Goodyear! http://bit.ly/2mGoCBi
Rail may erase one of Mesa’s deepest scars. CBS’ 60 Minutes… Randy Bailey and his brake shop… [A] “prime corner in downtown Mesa”… A “nasty spat”… Eminent domain… Mesa’s light rail line. What do they all have to do with the proposal for a “five-story, mixed-use complex” at Country Club and Main? Get the story in East Valley Tribune. http://bit.ly/2mGkBg8
Confidence surges in national housing survey. Mortgage News Daily’s Jann Swanson: “The February… (NHS) might have broken a record for breaking records. [Fannie Mae’s] Home Purchase Sentiment Index… increased… to 88.3, an all-time high. Five of the six components… also set survey records.” Fannie Mae Senior VP and Chief Economist Doug Duncan: “Millennials showed especially strong increases in job confidence and income gains…” But that doesn’t necessarily mean ‘Millies’ are going to be able to pick up and “move out of their parents’ homes” anytime soon. Click to see what “constraints [they’re] facing.” —> http://bit.ly/2mjtol
Measure S roundly rejected by LA voters. “The contentious anti-development ballot initiative Measure S has been roundly rejected by voters. …Measure S would have limited large-scale development by placing a two-year moratorium on all projects seeking exemptions from the city’s planning laws.” LAWeekly. http://bit.ly/2mGhntd
WHAT’S GETTING HPI SO HIGH? – Ahead of the Curve: Home price growth outpaces inflation. “Home prices continue to chart growth, rising on an annual basis to outpace inflation, according to CoreLogic’s recently released Home Price Index (HPI) for January 2017. Prices increased 0.7 percent month-over-month and 6.9 percent year-over-year.” CoreLogic Chief Economist Dr. Frank Nothaft says that what is “driving momentum ahead of the curve” is a “potent mix.” Get the ingredients at RISMedia. http://bit.ly/2lZ2sWz
Study finds social networks influence home buyers. “In a recent REALTOR® University Speaker Series presentation, Dr. Johannes Stroebel [finance professor at NYU Stern School of Business] presented research about the influence of social networks on buyers’ home purchase decisions.” Read about the study, or, if you have some time on your hands, WATCH Dr. Stroebel discuss the results in his nearly one-hour video presentation, at REALTORMag. http://bit.ly/2nf0PVR
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