Shift Coming in Metro Phoenix Housing Market

By Catherine Reagor | Arizona Republic Sellers’ grip on metro Phoenix’s housing market is starting to slip. The supply of Valley homes for sale has steadily been climbing for the past few months, giving buyers worn out by bidding wars and new monthly home price records a better chance to close on one. Drops in …

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Phoenix Office Investment Nears Prepandemic Levels

By Corina Vanek | Phoenix Business Journal After office investment plummeted in 2020, the first half of 2021 showed that Phoenix was nearing the volume of office investment the market saw before the pandemic arrived. According to data from the CBRE team of Barry Gabel, Chris Marchildon and Will Mast, in the first six months …

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The Housing Shortage Is a Problem for Racial Equity

By Bryan Greene VP Policy Advocacy | National Association of REALTORS® Owning a home is a defining marker of the American dream. But all too often, it’s also an uncomfortable reminder of our nation’s shortcomings in the fight for racial equity. The homeownership gap between Black and white Americans is larger today than it was …

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Feedback Wanted: CFPB to Discuss Rental Assistance with Landlords

By Erin Stackley, Esq. Sr. Policy Representative, Commercial Issues National Association of REALTORS® On July 15, 2021, National Association of REALTORS® (NAR) and Institute of Real Estate Management (IREM) staff spoke with representatives from the Consumer Financial Protection Bureau (CFPB) and U.S. Department of the Treasury regarding outreach to landlords about the emergency rental assistance …

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Phoenix Outpaces Nation in Construction Cost Increases

By Corina Vanek | Phoenix Business Journal The United States experienced the largest quarter-to-quarter increase in construction costs from the first quarter of 2021 to the second, according to Rider Levett Bucknall’s quarterly cost report, which has been studying changes in construction costs for about 20 years. As a whole, the U.S. saw a 2.9% …

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Scottsdale-Based Company Enters Into Build-to-Rent Joint Venture

By Angela Gonzales | Phoenix Business Journal Two firms that are entering the build-to-rent sector have formed a joint venture to build several projects together. Scottsdale-based Walton Global Holdings USA and Phoenix-based SVN | SFR Capital Management plan to build and operate these communities nationwide. These homes will be built within Walton Global Holdings’ existing …

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SAAR Welcomes New Director of Professional Development

Scottsdale Area Association of REALTORS® CEO Rebecca Grossman is proud to announce that Annalisa Moreno is their new director of professional development. She succeeds Laura Kovacs who recently retired after years of service to association members and the real estate community. “Annalisa is a dedicated professional who brings over 20 years of real estate experience …

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Developer with Offices in Scottsdale Building Luxury Rentals in Mexico

By Angela Gonzales | Phoenix Business Journal A Spanish developer with offices in Scottsdale is building a luxury vacation rental community in Rocky Point. The 31-unit condo property called Eagle Village at Islas Del Mar is a project of Adlanto, an asset management company with offices in Spain, Argentina, Mexico and in Arizona. The company …

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Ohio Couple Camps Out in Airbnb While Waiting for a Phoenix Home

By Angela Gonzales | Phoenix Business Journal The Phoenix housing market is crazy hot right now — just ask an Ohio couple currently camping out in an Airbnb as they lose bid after bid on their dream home. In May, when the couple arrived in Phoenix to look for a home and find new jobs, …

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