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Belfiore: New homes sales up 44 percent over a year ago; early innings for Pinal growth markets

Posted by   /  November 26, 2019  /  By Mike Sunnucks, Real Estate  /  No Comments

By Mike Sunnucks | Rose Law Group Reporter The volume of new homes sales in metro Phoenix came in 44 percent higher between mid-October and mid-November compared to a year ago. That is according to new data from Belfiore Real Estate Consulting. Jim Belfiore, president of Belfiore Real Estate Consulting, said new homes sales in […]

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Belfiore: Region’s new home sales at 13-year high

Posted by   /  November 22, 2019  /  Real Estate  /  No Comments

By Mike Sunnucks | Rose Law Group Reporter New home sales in the Phoenix region are up 47 percent year-over-year from mid-October to mid-November, according to preliminary data from regional real estate expert Jim Belfiore. Belfiore, who is president of Belfiore Real Estate Consulting, said the mid-October to mid-November sales numbers are also the highest […]

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‘Phenomenal’ pull in Valley toward higher density — but not everyone’s attached

Posted by   /  October 25, 2019  /  By Mike Sunnucks, Real Estate  /  No Comments

By Mike Sunnucks | Rose Law Group Reporter Real estate expert Jim Belfiore is seeing more attached residential housing hitting in the market in parts of metro Phoenix — and he expects to see more new townhouses and density-driven housing in the East Valley and more central infill areas. “We are seeing a lot more […]

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Disturbing trend? Some Valley homebuilders selling new homes to investors for rentals

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

Jim Belfiore By Angela Gonzales | Phoenix Business Journal In the midst of some field work checking on homebuilding activity around the region, Jim Belfiore noticed something unusual. The owner of Belfiore Real Estate Consulting saw a surprising number of for-rent signs on newly built homes in nearly a dozen new East Valley communities. While he only visited about a […]

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Investors buying new homes to rent out in East Valley, raising red flags

Posted by   /  October 11, 2019  /  By Mike Sunnucks, Real Estate  /  No Comments

By Mike Sunnucks | Rose Law Group Reporter Real estate and housing expert Jim Belfiore is seeing a new trend in home buying arise in the East Valley. “There are individual investors who are increasingly purchasing new homes in new home communities,” said Belfiore, who is president of Belfiore Real Estate Consulting. Belfiore said those […]

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Belfiore: What a 50-year low unemployment rate means for housing, real estate

Posted by   /  October 4, 2019  /  By Mike Sunnucks, Real Estate  /  No Comments

By Mike Sunnucks | Rose Law Group Reporter The U.S. unemployment rate came in at 3.5 percent today. That is the lowest level since 1969.  There were also 136,000 new jobs created in September. That was below the 145,000 jobs expected by economists. For real estate expert Jim Belfiore, the lowest unemployment rate in 50 […]

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Home prices could see big increases

Posted by   /  October 4, 2019  /  By Mike Sunnucks, Real Estate  /  No Comments

Twitter By Mike Sunnucks | Rose Law Group Reporter Home prices could see significant increases over the next 12 to 18 months, according to regional real estate expert Jim Belfiore. “I think we have an environment that is a perfect storm. We have significant cost inflation. We have very high demand related to supply,” said […]

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Belfiore: Housing market to see big gains

Posted by   /  September 27, 2019  /  By Mike Sunnucks, Real Estate  /  No Comments

By Mike Sunnucks | Rose Law Group Reporter The regional housing market is in store for some major year-over-year gains for the next few months, according to real estate expert Jim Belfiore. “The percentages are going to be 25 to 50 percent higher,” said Belfiore, who is president of Belfiore Real Estate Consulting. Strong buyer […]

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Housing is healthy but higher costs, labor shortages challenge builders, prices

Posted by   /  September 20, 2019  /  By Mike Sunnucks, Real Estate  /  No Comments

By Mike Sunnucks | Rose Law Group Reporter The regional housing market is performing well spurred on by low mortgage interest rates, population growth and buyer demand. But higher costs for labor and materials challenge land sales and home builders and puts upward pressure on prices. That was the takeaway from a Friday morning forum […]

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Good intentions could create housing affordability problems

Posted by   /  September 20, 2019  /  By Mike Sunnucks, Real Estate  /  No Comments

By Mike Sunnucks | Rose Law Group Reporter Some well-intended public policies may end up hurting affordable and entry-level housing in the Phoenix Region. That concern came up this morning at a Valley Partnership forum in Phoenix on the regional residential real estate market. Cities and other municipalities are requiring more open space, a wider […]

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