Commercial Real Estate & Business News – February 15, 2024

While countries around the world have struggled to recover from the economic setbacks brought on by the pandemic, one has emerged particularly strong. With a fast-growing economy, a strong labour market and falling inflation, the US has outpaced its counterparts in Europe…»

Commercial and multifamily mortgage loan originations were off 25% year-over-year in the fourth quarter of 2023 compared to a year earlier, and were up 13% from Q3 2023, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily…»

Homebuilders are busy buying lots and building model homes across metro Phoenix in a sign of increasing optimism in the residential real estate sector. R.L. Brown Housing Reports tracked 1,053 land transactions with 30,617 acres and 14,194 lots purchased in 2023 in…»

Gen Z may prioritize job opportunities and sunshine over affordability when moving out of state. A new Zillow analysis of the U.S. Census Bureau’s 2022 American Community Survey (ACS) finds Gen Z interstate movers flocked to California, even as the state experienced the…»

PHOENIX – Arizona’s second consecutive wet winter is big win for the Valley’s water supply. Salt River Project’s reservoirs, which the utility uses to feed the metro Phoenix water system, were 83% full as of Wednesday, up from 79% at this time last year. “That really gets us through a…»