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Industry Update – August 2017

Millennials Are Buying Homes Because of Dogs The largest generation in U.S. history is finally getting in on the American Dream, but according to a recent survey, it’s not for reasons most would think. SunTrust Mortgage polled Millennial homebuyers who had already purchased their first home and found that one-third were influenced by the need …

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Industry Update

From record-breaking stock prices to low unemployment, the U.S. economy is humming nicely. And, recent data from the National Association of Homebuilders (NAHB) offers another reason – in addition to more jobs – why home building is a key driver of the overall state of a healthy economy. Released earlier this month, the NAHB’s new …

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Industry Update – December

Industry Update – December

Builder confidence for newly built single-family homes reached a milestone this month, jumping seven points to a level of 70 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). That measurement is 20 points above the index’s 50-point benchmark that indicates whether builders view market conditions as good (above 50) or …

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Industry Update: Buyers Want Energy Efficiency

Many factors go into buying a new home, from deciding on the location and size of the house to selecting a floor plan that fits your lifestyle, or even choosing the right school district for your kids. But, one factor that is increasingly showing up on buyers’ wish lists is greater energy- efficiency. According to …

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Industry Update – December

It’s hard to believe its been more than seven years since the Great Recession shocked our economy. And, while many are still recovering from its effects, the Valley’s economy has risen above the ashes and continues to improve every day, with the housing market leading the way. In fact, Phoenix’s housing market is expected to …

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Industry Update

Both builder confidence and new home sales are trending upward, according to the most recent industry figures. Add in a budding economy and you’ve got a recipe for a healthy real estate market that could continue to gain steam as the year closes out. Recent data from HUD and the U.S. Census Bureau found that …

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