Wednesday, December 10, 2014

2014.Q3 Survey Highlights:


                             2014.Q3 Survey Highlights:



  • In line with the economic upswing, commercial REALTORS® reported market gains in the third quarter 2014.

  • Sales of commercial properties rose 7.4 percent on a year-over-year basis, indicating accelerated investment activity.

  • Price gains also accelerated, with properties trading at average prices 4.8 percent higher compared with the same period in 2013.

  • The average transaction price remained level for the third consecutive quarter, at the $1.4 million mark. The shortage of available inventory retained its number one spot, as members reported not finding enough suitable properties.


  • Demand for space increased, with leasing volume rising 2.7 percent over the second quarter.



Monday, December 8, 2014

Phoenix named hot housing market to watch in 2015

Metro Phoenix is one of the U.S.'s "10 hottest housing markets to watch in 2015," according to a new Realtor.com report.
The real estate website's chief economist, Jonathan Smoke, said Phoenix's potential for income growth and new home construction landed it on the list.
"Phoenix consistently hammers home market growth through new construction. The sprawling desert city continues to see an increase in overall population and household growth. Household growth is anticipated to increase by 7 percent over the next five years," according to Smoke's report.
Smoke's comment about the Valley's new home market will surprise some because the region's home building market has yet to recover from the crash. The latest data from Phoenix-based RL Brown Reports shows home building is down 15 percent from last year's slower-than-expected pace.
Smoke's list is made up of cities he expects will see the strongest housing growth, affordable prices and fast-paced sales.
Realtor.com doesn't rank its' top 10 cities. The rest of the areas expected to see the most housing growth in 2015, alphabetically: Atlanta, Dallas, Des Moines, Denver, Houston, Los Angeles, Minneapolis, San Jose and Washington D.C. 
* Writen by Catherine Reagor  The Republic |
Shared by :