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Phoenix real estate in March: Sales down 11% YoY, active inventory up 9% YoY

Posted by   /  April 17, 2019  /  Real Estate  /  No Comments

Twitter Calculated Risk This is a key housing market to follow since Phoenix saw a large bubble / bust followed by strong investor buying. The Arizona Regional Multiple Listing Service (ARMLS) reports (“Stats Report”): 1) Overall sales declined to 8,344 in March, from 9,402 in March 2018. Sales were UP 30.2% from February 2019, but down 11.3% […]

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HUD seeks input on maximizing ‘Opportunity Zones’

Posted by   /  April 17, 2019  /  Real Estate  /  No Comments

Twitter REALTOR Magazine The Department of Housing and Urban Development is seeking public comment on how it can use “Opportunity Zones” to better benefit residents and communities. The federal Opportunity Zone Program, created by the Tax Cuts and Jobs Act of 2017, seeks to aid economic development in distressed areas by offering real estate investors […]

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Phoenix transit center project lacks affordable housing

Posted by   /  April 16, 2019  /  Real Estate  /  No Comments

Wikicommons By Jessica Boehm | Arizona Republic A proposed new development slated for a prime piece of property in downtown Phoenix has almost everything: Apartments, student housing, office space, retail, restaurants, a hotel and a grocery store.  One thing it doesn’t have: Housing options for people who make less than $50,000 a year.  The lack of affordable and workforce […]

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The next housing boom looks more sustainable

Posted by   /  April 16, 2019  /  Real Estate  /  No Comments

Rising minimum wages will allow many working-class Americans to buy a first home. By Conor Sen | Bloomberg A housing boom doesn’t have to be followed by a painful bust. The boom of the last decade was powered by speculative froth and lax mortgage underwriting – and it ended predictably badly. The present day, with […]

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[REGIONAL] Housing-starved San Francisco shoots down new apartment project because it would cast shadow on nearby park. Again.

Posted by   /  April 15, 2019  /  Real Estate  /  No Comments

Sanseven / Dreamstime.com / Reason This is not the first time the city has tried to delay a project over shadow concerns. By Christian Britschgi | Reason San Francisco lived up to its reputation as the nation’s NIMBY capital this week by voting to reject a proposed apartment project over concerns that the new building […]

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NY investor buys 4 more metro Phoenix mobile home parks

Posted by   /  April 15, 2019  /  Real Estate  /  No Comments

North Phoenix mobile home. / Apartments.com. By Catherine Reagor | Arizona Republic Metro Phoenix’s most affordable housing is in high demand, not only with a growing number of renters but also with one of the world’s biggest real-estate investors. New York-based Blackstone Real Estate Investment just spent $55 million for four Valley mobile-home parks, according to […]

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$5 million approved to subsidize rent of eligible Scottsdale families

Posted by   /  April 11, 2019  /  Real Estate  /  No Comments

Twitter Scottsdale Independent The 2019-20 annual agency plan for operation of the Housing Choice Voucher Program has been approved by Scottsdale officials, which financially assists more than 700 families. On April 2, Scottsdale City Council unanimously approved on consent a resolution approving a fiscal year 2019-20 annual agency plan for the operation of, and to […]

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From the suburbs to the exurbs: Public records show cyclical nature of growth

Posted by   /  April 10, 2019  /  Real Estate  /  No Comments

YourValley.net By Philip Haldiman | YourValley.net It’s all about affordability when it comes to housing. There was a time when families flocked to the suburbs — places like Peoria and Chandler — to raise a family in homes big enough to grow older comfortably. Nothing has really changed since then, except now families are moving […]

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NIMBYs argue new housing supply doesn’t make cities affordable. They’re wrong.

Posted by   /  April 4, 2019  /  Real Estate  /  No Comments

Twitter By Christian Britschgi | Reason The idea that cities would be more affordable places to live if more housing construction were allowed to take place is both remarkably simple and remarkably controversial. When the Los Angeles Times polled voters in late 2018 about the cause of the state’s housing shortage, just 13 percent identified a dearth of […]

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Trump memorandum on housing finance reform applauded by U.S. home builders

Posted by   /  March 29, 2019  /  Real Estate  /  No Comments

World Property Journal World Property Journal The National Association of Home Builders commended President Trump this week for putting housing finance reform at the top of the national agenda and signing a memorandum directing relevant agencies to develop a plan that will help more Americans achieve the dream of homeownership in the U.S.. “We applaud […]

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