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Pollack: Record GDP contraction

Posted by   /  August 4, 2020  /  Economy, Real Estate  /  No Comments

ELLIOTT D. POLLACK& CompanyFOR IMMEDIATE RELEASEAugust 3, 2020 The Monday Morning QuarterbackA quick analysis of important economic data released over the last week The most widely followed economic headline of last week was not the most important. We’ll cover the headline news first and then get to what was really significant. The headline was about […]

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Garden-style apartments are the future of multifamily

Posted by   /  August 3, 2020  /  Real Estate  /  No Comments

By Ari Rastegar | National Real Estate Investor Long-term success in portfolio building is a function of agility. We’re seeing where the market is headed and anticipating where we’ll see the greatest demand and most manageable risk. As the commercial real estate market shifts away from retail, it’s imperative to pivot toward asset classes that will […]

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Belfiore: The supply challenge

Posted by   /  July 31, 2020  /  By Mike Sunnucks, Real Estate  /  No Comments

By Mike Sunnucks | Rose Law Group Reporter Real estate expert Jim Belfiore says demand for new homes continues to show resiliency in the Arizona market despite the unprecedented impacts of COVID-19. It is the supply side of the housing market that presents the challenge, according to Belfiore.  “Today, supply is too low,” said Belfiore, who […]

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Pending home sales continue remarkable rebound

Posted by   /  July 30, 2020  /  Real Estate  /  No Comments

By Jann Swanson | Mortgage News Daily Pending home sales soared again in June, although the liftoff was relatively shallow compared to the 43 percent increase in May. The National Association of Realtors’® (NAR’s) Pending Home Sales Index (PHSI). The index, a forward-looking indicator based on contracts to purchase existing homes, rose 16.6 percent compared to May, […]

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Belfiore: New home permits to gain in 2020 as Arizona market shows strength versus COVID

Posted by   /  July 30, 2020  /  By Mike Sunnucks, Coronavirus, Real Estate  /  No Comments

By Mike Sunnucks | Rose Law Group Reporter The regional housing market has come back strong as Arizona navigates COVID-19 and is projected to end 2020 with a gain in permits for new home construction. That is according to real estate expert Jim Belfiore. “The environment is very, very good,” said Belfiore, who is president of Belfiore […]

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Valley housing market getting ‘scary’; real estate consultant Jim Belfiore speaks to ‘out of whack’ market

Posted by   /  July 27, 2020  /  Real Estate  /  No Comments

By Paul Maryniak | Scottsdale Progress Almost from the time that the pandemic started making an impact on America, the Cromford Report periodically switched from its normal daily analyses of the Valley’s housing market to report with increasing alarm the statistics showing the insidiousness of COVID-19. This month, the Valley’s acute shortage of resale homes […]

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West Valley home buyers facing ‘feeding frenzy.’

Posted by   /  July 6, 2020  /  Real Estate  /  No Comments

 Paul Maryniak | Glendale Star  The West Valley’s shortage of homes for sale is beyond critical. Some communities are actually close to running out of houses to sell, according to the Cromford Report, which monitors the Phoenix Metro housing scene. “A surge in demand coupled with an unusually weak supply of new listings is creating […]

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12 housing markets struggling the most with sales

Posted by   /  July 2, 2020  /  Real Estate  /  No Comments

By Paul Centopani | National Mortgage News The month of May posted a record number of pending home sales, as many parts of the country began reopening and mortgage rates dipped to all-time lows. However, not every housing market experienced a boom in contract signings. Data from May 7 through June 6 showed pending sales dropped annually in […]

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Rents dip in Scottsdale, some other Phoenix-area cities

Posted by   /  June 8, 2020  /  Real Estate  /  No Comments

By Catherine Reagor | The Republic Metro Phoenix rents have finally stopped rapidly increasing and are even dipping in some areas. Scottsdale posted the second biggest decrease in the U.S. for the median rent on a one-bedroom apartment this month.  Other Valley cites including Chandler, Tempe and Phoenix saw rents drop, too. This month’s dips comes […]

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Analyst: Phoenix housing market seems immune to Covid-19 impact

Posted by   /  June 8, 2020  /  Real Estate  /  No Comments

By Angela Gonzales | Phoenix Business Journal Leading the nation once again in home price gains, Phoenix appears to be immune to Covid-19. At 8.2%, Phoenix reported the highest year-over-year gains during March, according to the S&P CoreLogic Case-Shiller Indices, at a time when the national year-over-year gain was 4.4%. Read the full subscription story from […]

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