2015-09-25
News to You By Doug Brown
Friday, September 25, 2015
  
Phoenix homebuying as hot as the temperatures
The Valleys' housing market didn't cool off during the hottest month of the year like it usually does. July was the second best month so far this year for home sales in the region, according to the latest data from ASU's W.P. Carey School.  Home sales reached 8,626 in July, up 19% from the same month a year ago. 
Read article - azcentral.com
  
Economists Bullish on Single-Family Rentals
The single-family rental market will continue to stay strong for years to come, according to Frank Nothaft, chief economist for CoreLogic and former chief economist at Freddie Mac. Nothaft believes the sector will do well because the largest demographic cohort are 22- to 25-year-old millennials who are getting ready to form new households. Single-family rentals tended to have the lowest vacancy rate - less than 3%.
Read article - Realtor Magazine
      
Additional articles that you
might find of interest:
  
Construction underway for new SkySong building in Scottsdale
Read article - Phoenix Business Journal
  
Phoenix-area class A medical office space sold for record $141 million
Read article - Phoenix Business Journal
  
California groups trade Arrowhead center
Read article - Phoenix Business Journal
  
Builder buys state land for $7.1M for new Happy Valley subdivision northwest of Phoenix
Read article - Phoenix Business Journal
  
Commercial Real Estate News 9-22-15
Read article - azbex.com
  
Hotel Coming to Tempe High Rise Project
Read article - azbex.com

1 in 5 Buyers Make Offer Without Seeing Home
Read article - Realtor Magazine

More Lenders Say They're Easing Up on Credit
Read article - Realtor Magazine

Fed Offers Buyers a Short-Term Reprieve, but Mortgage Rates May Rise before December
Read article - RIS Media
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