Phoenix Home Price Gains Now Highest In the U.S.

By Angela Gonzales | Phoenix Business Journal Phoenix has topped the nation in annual home price gains, according to the latest results of the S&P CoreLogic Case-Shiller Indices. Data through December 2019 revealed year-over-year price increases of 6.5% in Phoenix — nearly double the national average — followed by 5.3% in Charlotte, North Carolina, and …

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How Home Affordability Can Impact Metro Phoenix’s Economy, Job Growth

By Angela Gonzales | Phoenix Business Journal Metro areas around the country where affordability has worsened over the last five years have seen a decline in job growth during that same period, according to a new study by the National Association of Realtors. The NAR report, “Home Affordability Index Ranking and Payroll Job Growth,” measured …

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New Valley Home Sales Rebound After December Dip

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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Are We In a Housing Bubble?

Financial blogger Logan Mohtashami is not the first and certainly won’t be the last to write about whether the U.S. is entering another housing bubble. With more than 30 years of experience in the home lending business, he recently remarked “it is bullish for housing that year-over-year real home prices went negative last year” as …

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Metro Phoenix Housing Market Gains Billions in Total Value

By Angela Gonzales | Phoenix Business Journal The metro Phoenix housing market’s total value reached $488 billion during 2019, a big gain from the previous year, according to Jeff Tucker, an economist for Zillow. Compared with 2018, the total value of the Valley housing market gained 6.6%, or $30 billion last year. Only one market …

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Influencer Marketing: 2020 Forecast Highlights

In the first of a series of Influencer Marketing sessions*, moderator Fletcher Wilcox (The Wilcox Report) moderated local real estate experts Jim Daniel (RL Brown Housing Reports), Tina Tamboer (The Cromford Report), Catherine Reagor (StreetScout) and Tom Ruff (The Information Market) for a two-hour panel about local housing futures. Here are some 2020 predictions: Wilcox …

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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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Valley Construction Gaining Ground, Not Fast Enough

By Angela Gonzales | Phoenix Business Journal Homebuilders are doing everything they can to meet strong demand for new homes in metro Phoenix, but it just may not be enough. Ryan Brault, regional director of the Arizona and Las Vegas markets for Metrostudy in Mesa, expects homebuilders to finish the year with around 20,800 single-family …

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SAAR Serves 3 of Top 10 Cities with Highest Escrow Prices

By Angela Gonzales | Phoenix Business Journal It’s no surprise the region’s highest-priced homes are in the East Valley, but a couple of cities in the West Valley are among those with the highest escrow closing prices. RL Brown, founder of HomeBuilders Marketing Inc., identified the top 10 metro Phoenix cities with the highest escrow …

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