Rising Rents, Lower Credit Scores in Phoenix — What’s Next?

By Angela Gonzales | Phoenix Business Journal While year-over-year apartment rents continue to rise in metro Phoenix, the credit scores of renters are dropping. Renters in Phoenix have an average credit score of 613 in 2020, down from 619 in 2019 and 617 in 2018, according to a new study from RentCafé. Looking at the …

Read More Rising Rents, Lower Credit Scores in Phoenix — What’s Next?

Scottsdale Homebuilder Poised to Open 150 New Communities in U.S.

By Angela Gonzales | Phoenix Business Journal Taylor Morrison Home Corp. is on track to open 150 new communities in its markets nationwide, including in metro Phoenix. “We have a good appetite for new land,” Sheryl Palmer, chairman, president and CEO of the Scottsdale-based homebuilder, told analysts during a fourth quarter earnings call on Feb. …

Read More Scottsdale Homebuilder Poised to Open 150 New Communities in U.S.

Scottsdale Homebuilder Ramps Up Land Acquisition Pace

By Angela Gonzales | Phoenix Business Journal In an effort to keep up with homebuyer demand, Scottsdale-based Taylor Morrison Home Corp. is gobbling up even more land across the nation — and the Valley. Sheryl Palmer, president and CEO of the Scottsdale-based homebuilder, told analysts in a third quarter earnings call (on Oct. 28 that) …

Read More Scottsdale Homebuilder Ramps Up Land Acquisition Pace

May Sales a Bright Spot for Valley Homebuilders

By Angela Gonzales | Phoenix Business Journal Homebuilders in Maricopa County saw an uptick in sales during May as residents began to venture out with an itch in their pocketbooks. Homebuilders saw a 9% increase during May over April and increased by less than 1% year-over-year from May 2019, said Jim Daniel, president of RL …

Read More May Sales a Bright Spot for Valley Homebuilders