Above: Phoenix cityscape in downtown at sunset. Real Estate | 1 hour ago | AZRE According to The Newmark Opportunity Index: Identifying Commercial Real Estate Opportunities and Challenges in Major U.S. Markets, a new white paper released recently by Newmark, Phoenix is one of the five hottest national real estate markets. The index assesses and … Read more
REAL ESTATE | 2 hours ago | HOME & DESIGN Seemingly endless demand and low supply have driven record-breaking home value appreciation over the past year, Zillow’s latest Market Report shows. April pushed the envelope even further: Annual home values for a typical U.S. home have grown 11.6%, the highest seen since 2005. Key stats for the Phoenix metro … Read more
(Disclosure: Rose Law Group represents Richmond American Homes.) By Mike Sunnucks | Rose Law Group Reporter Home prices in the Phoenix metropolitan area continue to increase with last year’s strong demand continuing into 2021. “Prices are just going through the roof,” said Steven Hensley, advisory manager for real estate research firm Zonda. Hensley points to … Read more
By Jenna-Lee NeffImages Courtesy of Springs at Deer Valley Springs at Deer Valley, a new luxury apartment community developed by Continental Properties and built in partnership with McShane Construction Company, recently opened for May and June move-ins. On North 23rd Avenue near Pinnacle Peak Road, the 296-unit development sits on 17 acres of land and … Read more
REAL ESTATE | AZRE Taylor Morrison, the nation’s fifth largest homebuilder and developer based in Scottsdale, bought 17 lots in North Phoenix for $2,858,095, according to the commercial real estate tracking website Vizzda. The cost of the land, located at the northeast corner of Cave Creek Road and Deer Valley Drive in Phoenix, breaks down to $168,123.24 per lot. … Read more
The real estate market in the US was challenging in 2020. We witnessed unexpected events such as the global pandemic and the stormy presidential election. These things brought about a period in which we weren’t sure what would happen with economics. However, things are looking different this year. Researches show that we’ll see an 8% … Read more
AZ BUSINESS MAGAZINE The Phoenix residential real estate market is booming, recording the highest annual growth in both home values (17.1%) and typical rent (8.4%) among the nation’s largest metros, according to Zillow’s latest market report. Extreme demand driven by exceptionally low mortgage rates, demographic pressures and pandemic trends kept the housing market boiling as we … Read more
The new communities will have a total lot count of 274 homesites, adding a supply to the region’s thriving home demand. “We are thrilled to bring a new mix of beautiful and high quality homes to prospective buyers in the greater Phoenix area,” said Todd Condon, vice president of sales and marketing, Landsea Homes Arizona division. “We … Read more
AZ Business Magazine Phoenix will be America’s second-hottest housing market in 2021, topping a list of mostly Sun Belt cities expected to continue heating up faster than the nation’s large coastal markets, according to a new Zillow survey of experts. Coming in at No. 1 on the list of America’s hottest housing markets in 2021: Austin, … Read more
By Mike Sunnucks | Rose Law Group Reporter The for-rent subdivision segment continues to show strength and increasing diversity — both in terms of offerings to tenants as well as investors and industry players. That is according to Jim Belfiore, a principal with real estate research Zonda. “I would say the product is diversifying,” Belfiore … Read more