Arizona Real Estate Innovations That Will Stick After COVID-19

By Terrence Thornton | Scottsdale Independent “Virtual tours and online notaries will remain popular after the pandemic. Especially as remote workers from other states look for more affordable homes in Arizona.” – Rebecca Grossman Rebecca Grossman, CEO at Scottsdale Area Association of REALTORS®, agrees technological advancements of the past few years make it possible for …

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Phoenix Real Estate Leaders: ‘Guarded Optimism’ for 2021

By Corina Vanek | Phoenix Business Journal Some areas, particularly users of industrial real estate, continued to do well during the pandemic as many people shifted their buying online, bolstering an already strong industrial market in the Valley in 2020. “We had record numbers on the industrial side and that’s not going to change,” Mark …

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Mortgage Delinquencies Rise Nationwide, But Not in Phoenix

By Angela Gonzales | Phoenix Business Journal While mortgage delinquencies continue to rise nationwide, the rate is falling in metro Phoenix. Borrowers continue to move through the delinquency funnel, with October 2020’s serious delinquency rate reaching over three times that of October 2019 nationwide, according to CoreLogic Inc.’s latest Loan Performance Insights report. But in …

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Home Appreciation Climbs in Metro Phoenix Housing Market

By Terrence Thornton | Scottsdale Independent In a world turned upside by a global pandemic amid a quickly changing economic landscape where laws of yesterday no longer apply — one law of business a part of the Arizona real estate marketplace remains true. Real estate professionals, analysts and brokers agree the law of supply and …

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New COVID-19 Relief Package Signed Into Law

By Suzanne Brown On December 27, 2020, the President signed into law, H.R. 133 – the Consolidated Appropriations Act 2021 which authorizes the newest coronavirus relief bill. This nearly $900 billion package includes: A new round of direct stimulus payments of $600 to most Americans and their dependents (check the Status of Your Economic Impact …

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Homebuilder Unveils Multi-Gen ‘Super House’ in Metro Phoenix

By Angela Gonzales | Phoenix Business Journal Miami-based Lennar Corp., Arizona’s largest homebuilder, is unveiling a model home in metro Phoenix that ties together two of its most popular features to create what some are calling a “super house.” Plans call for breaking ground in March on what could be the first multigenerational home with …

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Old Town, CityNorth Commercial Projects to Watch in 2021

By Corina Vanek | Phoenix Business Journal 2020 was a momentous year and one that had a dramatic impact on commercial real estate. Office and retail leases stalled, building sales halted and hotel projects were largely put on hold during the height of the Covid-19 pandemic. But that isn’t evident with the massive amount of …

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Influencer Marketing Forecast: January vs December 2020

Back in January of this year, Influencer Marketing moderator Fletcher Wilcox (The Wilcox Report) led a panel of local real estate experts that included Jim Daniel (RL Brown Housing Reports), Tina Tamboer (The Cromford Report) and Tom Ruff (The Information Market). Their focus was on local housing futures before COVID-19 hit. Here is how their …

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Mayor-Elect Ortega: Scottsdale ‘Shattered’ by Short-Term Rentals

By Melissa Rosequist | Scottsdale Independent Days have gone by since more than 30 Arizona mayors signed a letter urging short-term rental platform CEOs to end lobbying efforts against legislation change — a move that gained no more than crickets in response. Paradise Valley Mayor Jerry Bien-Willner, one of 33 officials to sign on to …

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Q&As: Complying with Code of Ethics Changes on Hate Speech

Arizona REALTORS® General Counsel and Assistant CEO Scott Drucker recently spoke to SAAR members about new & amended policies that were approved by the National Association of REALTORS® Board of Directors on Nov. 13, 2020: 29. Applicability of the Code of Ethics A REALTOR® shall be subject to disciplinary action under the Code of Ethics …

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