By Jeff Gifford | Phoenix Business Journal Phoenix remained the national leader in residential rental price growth in April, even though the COVID-19 pandemic tripped up the steady increases found both in the Valley and around the nation, a new analysis shows. The new Zillow Observed Rent Index (ZORI) shows that residential rental prices, including …
By Craig M. Douglas | Phoenix Business Journal The coronavirus pandemic has jolted the U.S. housing market back to levels last seen during the depths of the Great Recession and is wiping billions in potential sales commissions off the table for real estate brokers. A Business Journals analysis of pricing and supply data provided by …
By Angela Gonzales | Phoenix Business Journal A few weeks ago, mortgage rates were at an all-time low, giving homebuyers a bit of silver lining during this COVID-19 pandemic. But a stampede of homeowners trying to refinance their existing homes overwhelmed mortgage lenders, who didn’t have the personnel to keep up with the applications, said …
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 …
By Scottsdale REALTORS® 2019 President David Schmid Perhaps you’ve heard me say, “The REALTOR® marketing channel is fair, level, transparent and effective — for both the seller and buyer.” Our primary job is to promote and protect our industry and its reputation. Travel agents are “gone” because the price of an airline ticket was not, …
