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This is a good time to be a borrower, according to Jeff Erxleben, executive vice president and regional manager in the Dallas office of real estate debt and equity provider NorthMarq Capital. All types of capital providers-banks, insurance companies, conduit lenders and private equity funds-are actively looking for deals, and loan terms continue to be attractive, even if loan-to-value (LTV) ratios have not moved much above 65 percent…» |
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Phoenix is projected as the number one housing market for 2017 by Realtor.com. So can the Valley live up to that billing? What is in store for the housing market in 2017? Enlarge What is in store for the housing market in 2017?…»
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The fourth quarter of 2016 brought a slight increase in multifamily vacancy, bringing the figure to 6.0 percent, up from 5.7 percent a year ago. This was the first year of vacancy increase in Greater Phoenix since 2009. While this was a rise, the current vacancy is 300 basis points below the market’s long-term average and absorption of units remains strong. Vacancy crept higher in the Class A segment, where the supply has been growing at a rapid pace. The Class A properties are posting a 6.8 vacancy as of fourth quarter 2016…» |
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This could be the year for metro Phoenix’s housing market. Home prices are poised to recover fully from the 2007-2011 crash. All it will take is another year of steady price and sale gains like we saw in 2016…» |
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It has taken seven years to put in place the regulatory strictures imposed on Wall Street after the financial crisis. They won’t be removed fast or easily. President Donald Trump’s Friday directive that set in motion a scaling back of the Dodd-Frank Act was more pageantry than policy, said lawyers and former government officials who worked on the 2010 law. While the expectation for quick action sent bank stocks higher Friday, numerous road-blocks remain before lenders get relief…» |