Metro Phoenix Called ‘Hottest’ U.S. Housing Market, But…

By Catherine Reagor | Arizona Republic Metro Phoenix is the “hottest” housing market in the U.S., according to a respected national real estate expert. But the new “hot” definition for housing is much different than during the boom when Valley prices climbed a crazy 50% in a year and new homes shot up at triple …

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2020 Strat Plan Includes Flash Engagement Groups

The Scottsdale Area Association of REALTORS® (SAAR) 2020 Strategic Plan began with discussions in June 2019 and met with final board approval on December 18, 2019. “We started with input from a cross-section of stakeholders,” said SAAR CEO Rebecca Grossman. “In addition to surveying dozens of new and seasoned members about trends, concerns, benefits, leadership, …

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Commercial real estate growth continues to outpace supply

By Corina Vanek | Phoenix Business Journal Arizona’s commercial real estate industry saw growth in all its sectors during the past year, a big sign the local and state economy were booming. CoStar Director of Market Analytics Jessica Morin has had an inside look at some of the goings-on with the industry, and sheds some …

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zipForm® Subscription Changes in 2020 (FAQs)

The Arizona REALTORS® state association and LoneWolf Technologies have started to communicate with agents about zipFormMLS-Connect® — which makes it possible for ARMLS data to populate forms inside zipForm®. You may be familiar with it in relation to the topic: armls.com/RET-Password. Although LoneWolf provides zipForm® and TransactionDesk®, ARMLS wants you to be aware of upcoming …

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Scottsdale Entrada Slated for Mixed-Use Development

By Corina Vanek | Phoenix Business Journal Banyan Residential, a California-based developer, has acquired the 30-acre Scottsdale Entrada with plans to develop it into a mixed-use residential and commercial development. Banyan had submitted plans to the city for the redevelopment in May, and purchased the property, at 64th Street and McDowell Road, from Sunchase Holdings …

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Growing Number of Valley Builders Churn Out More Affordable Homes

By Angela Gonzales | Phoenix Business Journal While home affordability is in focus in the Valley as overall home prices continue to rise — the result of demand and the still-surging area economy — an analysis of the region’s homebuilding efforts shows the number of new residences built or in the pipeline is on the …

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Arizona Economy Stronger Headed Into 2020

By Corina Vanek | Phoenix Business Journal Despite uncertainty about national economic policy and the ongoing trade war with China, the U.S. economy likely will remain stable into 2020 and Arizona’s economy will do even better, according to experts at Arizona State University’s annual economic forecast luncheon. As for Arizona, there is no sign the …

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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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