Coronavirus Pandemic Forecast to Create Surge in Demand for Warehouse/Distribution Space
The Greater Phoenix Industrial market could be poised for a surge in demand for warehouse/distribution space, according to a report released today by Colliers International in Arizona. The “stay at home” orders resulting from the Coronavirus Pandemic have forced more people to shop online…»
Modular Building Manufacturer Plans Valley Factory
A sustainable building manufacturer that creates modular homes, apartments, hotels and other buildings plans to open a Phoenix-area factory in 2021. During the next two months, S2A Modular plans to close on land to build a $25 million Valley facility along with factories in several other metros…»
Tenant Interest in Car-Free Neighborhood Exceeds Projections
The world’s first-post-car real estate developer, Culdesac, today announced tenant interest is above projections at this time. Culdesac has secured its waitlist for Phase 1 with 136 people (a waitlist for 21% of its total rental units) indicating strong demand for the car-free neighborhood and lifestyle…»
Fannie Mae Forecasts Mortgage Rates Under 3% for 2021
The 30-year mortgage rate hit a historic low this year, but could 2021 bring an even lower rate? Fannie Mae’s economic and strategic research group thinks the average rate for a 30-year, fixed-rate mortgage will hit 2.9 percent in 2021. The government-sponsored mortgage loan entity is forecasting…»
Fannie Mae Forecasts Mortgage Rates Under 3% for 2021
The 30-year mortgage rate hit a historic low this year, but could 2021 bring an even lower rate? Fannie Mae’s economic and strategic research group thinks the average rate for a 30-year, fixed-rate mortgage will hit 2.9 percent in 2021. The government-sponsored mortgage loan entity is forecasting…»