| Maricopa rising, retail lagging. At Maricopa’s “State of the City” address, a panel composed of some of the Valley’s heaviest hitters discussed the city’s outlook for growth, home buying, retail, infrastructure and more. Rose Law Group Social Media Coordinator Callan Smith was there and has coverage of the event, at Rose Law Group Reporter. http://bit.ly/2fInd9Y
Casa Grande may partner with new greenhouse-energy plant; Court Rich, Rose Law Group Senior Partner & Director of Renewable Energy Department calls it ‘a truly unique project on many levels.’ Casa Grande Dispatch: “nFlux [Energy Products based in Phoenix] plans to develop 300 acres near Rodeo and Burris… into greenhouses that would produce tomato crops…. [N]atural gas from a pipeline would be processed and converted into electricity, heat and carbon dioxide that would be piped into its greenhouses to enhance plant growth.” Click through for the full report, plus more from Court Rich on what “could be a model for future competitive supply of power at low prices to communities around Arizona.” http://bit.ly/2fXihzo
Donald Trump’s transition team: We will ‘dismantle’ Dodd-Frank. In a “brief note on [a] new website [President-elect Trump] promis[ed] to ‘replace it with new policies to encourage economic growth and job creation’ but provid[ed] few details….” However, a GOP “wish list of changes” may offer some clues. (BTW, after predicting and then winning an election that no one thought he could, who on earth would be foolish enough now to doubt that he could also pull this off?) See the story in The Wall Street Journal. http://bit.ly/2frvVXf
Housing affordability slipped even as rates slid. “Home price appreciation… offset a small decline in rates and the NAHB/Wells Fargo Housing Opportunity Index (HOI), a measure of housing affordability, moved slightly lower.” For a full breakdown including median income figures for the nation’s most/least affordable housing markets, head to Mortgage News Daily. http://bit.ly/2eKwc5T
The affordable housing crisis is a rural issue, too. “Statistics paint a grim picture… The rural poverty rate… is roughly three percent higher than urban areas… [N]early one in seven households earn… less than $15,000 per year…. [A]bout 50 percent of poor rural Americans have housing expenses that exceed half of their incomes.” Curbed.com looks at the problem — and the “help” that may be “on the way.” http://bit.ly/2eoJpGl
What’s behind a sudden foreclosure spike. And could this “curious” October jump in foreclosures actually be, as CNBC’s Diana Olick suggests, “the first sign of a crack in the recovery”? Read her report (and get the numbers for foreclosure activity in Arizona), here: http://bit.ly/2eoETHL
Expect busier months ahead in real estate. “The housing market remains strong this fall, and it’s poised to remain that way for the rest of the year, notes Jonathan Smoke, realtor.com®’s chief economist. Still, the economy and housing inventory woes may present some challenges in the months ahead.” Much more Smoke, at REALTORMag. http://bit.ly/2fXlSNB
Home owners get more realistic on prices. “This is the fourth consecutive month the index has moved closer in line between home owner and appraiser estimates on values.” Click through to REALTORMag for figures from the latest Quicken Loans Home Price Perceptions Index. http://bit.ly/2g30INE
To all who have served our country, on this Veterans Day we say
THANK YOU!
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