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New Valley home sales already begin rebound from December dip

Posted by   /  February 4, 2020  /  Real Estate  /  No Comments

Twitter By Angela Gonzales | Phoenix Business Journal While new home sales dipped in December nationwide, Phoenix is already beginning to see a rebound. Nationwide, new single-family home sales slipped 0.4% in December to 694,000 units, marking the U.S. housing market’s third consecutive monthly drop since hitting near-cycle highs in September, according to a BMO Capital […]

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Belfiore: A potential solution to the affordability challenge

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

By Mike Sunnucks | Rose Law Group Reporter Phoenix has a housing affordability challenge. It’s not alone rising rents and home prices are problematic in other regions. But there is a potential innovative solution — manufactured housing. Apartments rents increased 9 percent in metro Phoenix in 2019. That is the biggest rental increase among major […]

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The big question begging the real estate market and economy

Posted by   /  January 24, 2020  /  By Mike Sunnucks, Real Estate  /  1 Comment

Jim Belfiore speaking at AZDealmakers. / Pinal Partnership By Mike Sunnucks | Rose Law Group Reporter Homebuilding CEOs, real estate brokers and other dealmakers are all getting the same question as 2020 kicks into gear. Will the market keep on humming or is the national and Arizona economy in for a drop including the dreaded […]

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Lack of Valley inventory big catalyst for new home sales in 2020, Belfiore says

Posted by   /  January 21, 2020  /  Real Estate  /  No Comments

Jim Belfiore, founder of Belfiore Real Estate Consulting, presents a market update for homebuilders on Jan. 9. / Angela Gonzales / Phoenix Business Journal By Angela Gonzales | Phoenix Business Journal Jim Belfiore suggests that homebuilders should cancel their vacation plans. In his 2020 market update, the founder of Phoenix-based Belfiore Real Estate Consulting said he expects a […]

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Belfiore Phoenix Business Journal interview: What next recession will feel like

Posted by   /  December 30, 2019  /  Real Estate  /  No Comments

Jim Belfiore By Angela Gonzales | Phoenix Business Journal There’s no question 2019 was a hot year for residential real estate, with homebuilders doing everything they could to keep up with housing demands in a time of population and job growth. I had a chance to catch up with Jim Belfiore, founder and president of Belfiore Real Estate […]

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Belfiore: Phoenix housing market ends 2019 with a bang

Posted by   /  December 24, 2019  /  By Mike Sunnucks, Real Estate  /  No Comments

By Mike Sunnucks | Rose Law Group Reporter The regional housing market will end 2019 with new home sales up close to 8 percent as compared to 2018. That is according to December and year-end data from regional real estate expert Jim Belfiore. Belfiore said 2019 will end with 20,507 new home sales in metro […]

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What national forecasts won’t tell you about next year’s housing market; real estate consultant Jim Belfiore zeroes in on local market

Posted by   /  December 23, 2019  /  Real Estate  /  No Comments

By Caroline Feene | Forbes If expert predictions for the 2020 housing market come true, homeowners shouldn’t expect to enjoy the crazy price run-ups of a market boom, but they likely won’t face a devastating recession or crash, either. Outside of those two extremes, you’re going to see a lot of variance among markets and even within markets […]

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Belfiore on “The Year in Housing”: Call It a comeback

Posted by   /  December 20, 2019  /  Real Estate  /  No Comments

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By Mike Sunnucks | Rose Law Group Reporter The regional housing market in 2019 started off with a stumble but ended with a bang fueled by lower mortgage interest rates. That is the big take away from the year in housing from Jim Belfiore, president of Belfiore Real Estate consulting and a top expert on […]

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Another growth spurt in the West Valley

Posted by   /  December 13, 2019  /  By Mike Sunnucks, Real Estate  /  No Comments

Home, buy, sale. By Mike Sunnucks | Rose Law Group Reporter Real estate expert Jim Belfiore is seeing a new spurt of residential development activity coming to the West Valley. That includes new single-family home construction slated for the Sun Valley Parkway and Loop 303 corridors as well as new multifamily development sprouting along the […]

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Metro Phoenix’s hottest real estate submarket

Posted by   /  December 6, 2019  /  By Mike Sunnucks, Real Estate  /  No Comments

Phoenix. / File photo By Mike Sunnucks | Rose Law Group Reporter Real estate expert Jim Belfiore pegs the best performing submarket for new and existing homes as 2019 nears its end. It’s the Queen Creek / Hunt Highway area of the Southeast Valley. Belfiore, who is president of Belfiore Real Estate Consulting, said there […]

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