In October, Valley Homebuilders Pulled Most New Permits Since 2007

By Angela Gonzales | Phoenix Business Journal Homebuilders can’t keep pace with demand for housing in metro Phoenix as more people continue to move to the Valley and unemployment is the lowest it’s been in a decade. The Home Builders Association of Central Arizona released its October 2019 single-family building permits data that shows the …

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New Home Sales Climb as Investors Pay Cash

By Catherine Reagor | Arizona Republic New homes in metro Phoenix are selling at the briskest pace since the 2006 housing boom, but some of the buyers may not be as welcome in your neighborhood. Investors are back in the Valley’s new-home market. During the last boom, speculating investors snapped up a record number of …

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ARMLS to Implement NAR’s 8.0 Clear Cooperation Policy

Within one (1) business day of marketing a property to the public, the listing broker must submit the listing to the MLS for cooperation with other MLS participants. Public marketing includes, but is not limited to, flyers displayed in windows, yard signs, digital marketing on public facing websites, brokerage website displays (including IDX and VOW), …

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Scottsdale REALTORS® Rolls Out SAFE for Seniors

The Scottsdale Area Association of REALTORS® (SAAR) has launched a new program aimed at empowering adults over 50 who want more Secure And Friendly Environments (SAFE). SAFE Ambassadors Jennifer Bingham (in cap) and Kathy Rios explain a new program for seniors offered by the Scottsdale Area Association of REALTORS. Here is how SAFE for seniors …

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Scottsdale REALTORS® Backs Winning Ballot Measures, Overrides

The Scottsdale Area Association of REALTORS® (SAAR) successfully backed winning ballot measures and school overrides in final results from the November 5 special election. SAAR’s support for City of Scottsdale ballot questions was reflected in a 32.10% voter turnout: Question 1 – 69% Approved Question 2 – 67% Approved Question 3 – 73% Approved With …

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NAR Honors Original ‘Good Neighbor’ Gil Gillenwater

During the 2019 REALTORS® Conference, the National Association of REALTORS® (NAR) celebrated the 20th year of its Good Neighbor Awards, which honors members for their volunteer efforts to improve the lives of people in need. Fifty current and past Good Neighbor Award honorees attended the celebration in San Francisco, including former Scottsdale REALTOR® Gil Gillenwater …

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Phoenix a Top Global City, But Climate Change a Wild Card

By Corina Vanek | Phoenix Business Journal Phoenix ranked No. 19 for commercial real estate investment in cities worldwide for the 12-month period that ended in June 2019, according to the Winning in Growth Cities report released by Cushman & Wakefield. Real estate investors spent $13.46 billion on real estate investments excluding development sites in …

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Phoenix a Top ‘Buy’ Market for Industrial Real Estate

By Corina Vanek | Phoenix Business Journal Phoenix is among the top markets to buy industrial real estate, according to a new report from Ten-X Commercial, an online real estate transaction platform. According to the report, Phoenix is the third-best “buy” market nationally, with rents per square foot expected to increase 4.6% during the next …

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Rising Housing Costs Are a Problem In Arizona

By Catherine Reagor | Arizona Republic Metro Phoenix home prices hit a new record this year. Valley rents are climbing to new records almost every month. Incomes aren’t keeping pace, and more people are getting squeezed out of homes as evictions set records too. The number of people living without shelter in the Phoenix area …

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