by kramoltz@hotmail.com | Feb 3, 2016 | Global Buyers + Foreign Investment, Real Estate Facts & Figures
How significant are foreign buyers of U.S. homes? Housing America released a study called Immigrant Contributions to Housing Demand which provides state by state statistics from 2000 to 2010, and estimates of immigrant purchases for the current decade. For Arizona,...
by kramoltz@hotmail.com | Jan 20, 2016 | Home Buying, Real Estate Facts & Figures
Catherine Reagor of the Arizona Republic reports that new home permits in the Phoenix metro area were up more than 40% in 2015 compared with 2014. And things really picked up at the end of 2015. For example, there were 1,076 permits issued in November, 75% higher than...
by kramoltz@hotmail.com | Jan 11, 2016 | Real Estate Facts & Figures
The end of year and holiday resale home statistics don’t bring much cheer. Mike Orr of ASU’s Center for Real Estate noted that the greater Phoenix market lost momentum in the last 6 months of 2015, except for the entry level market, which is chronically under...
by kramoltz@hotmail.com | Jan 4, 2016 | Home Buying, Real Estate Facts & Figures
The share of first-time buyers declined for the third consecutive year according to an annual survey by the National Association of REALTORS. First-time sales remained at their lowest point in nearly 3 decades, and was the 2nd lowest since inception of the study. The...
by kramoltz@hotmail.com | Dec 29, 2015 | Real Estate Facts & Figures
Home prices in the luxury market (at least $1 million) fell in the 3rd quarter for the first time since 2012. The reason for the decline may be that wealthy buyers fear that prices have climbed too high, too quickly. Also foreign investors could be buying less due to...
by kramoltz@hotmail.com | Dec 9, 2015 | Arizona and Its Amenities, Real Estate Facts & Figures
Arizona ranks first among U.S. states for business and management friendly policies related to the construction industry. Neighboring New Mexico is dead last, according to the Associated Builders and Contractors. In the last 30 years, the growth of Arizona’s metro...
