The numbers are in, and the real estate market finished 2015 on a high point, especially for new home sales. December was the strongest month for new home sales since 2008, with nearly 1,500 newly built homes recorded. That’s up 45 percent from November and 58 percent from December 2014.
What is business success? Profitability, right? But what if you have other aspirations for your business, such as promoting a social cause or helping the environment? Up to now, for-profit companies could not codify those non-financial objectives.
The drop in sales of luxury homes and in total dollars spent market wide from august to September hints that the fourth quarter of 2015 may not be as strong as the first three, according to the latest housing market report from the Center for Real Estate Theory and Practice.
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Even though the Phoenix real estate market was sluggish in August, optimism prevails this fall. But the W. P. Carey School’s expert has questions about whether there will be significant upward momentum in the near future. Michael Orr, director of the Center for Real Estate Theory and Practice, delivered an overview of the market, including new numbers for September, at the October luncheon meeting of the Economic Club of Phoenix.
While August temperatures spiked, the real estate market was cooling down, according to the monthly report from the Center for Real Estate Theory and Practice at the W. P. Carey School of Business. Sales were up 12 percent compared to August 2014, but compared to a sizzling July, they dropped 11 percent. And as you would expect, the ho-hum sales were accompanied by lackluster pricing. Here’s Michael Orr, director of the center and author of the report.
