Weekly Phoenix Real Estate Wrap Up | inPhoenix

Revitalizing The Private Mortgage Market: 'Skin In The Game' And The Consequences for Home Buyers

"Currently, more than 90% of new U.S. mortgages are backed by the government entities Fannie Mae, Freddie Mac and the Federal Housing Administration, but almost no one wants the government to continue to be the prime source of mortgage securitization."

Jon Talon writes about Amtrak at 40 and how much of a wasted opportunity the death of rail was. This is relevant to Phoenix.

Then Jon writes about our sheriff who no one seems to like, but everyone votes for in, Why isn't Joe Arpaio in jail?

On the economic front, home builders remain bearish with the progress and near future outlook of the real estate market. That's not surprising considering buyers are gobbling up 1-3 year old homes at less the replacement cost. Who would want to overpay now or an equal or lesser product.

What do you know about the Arizona economy. Take the quiz. Here is one: "Arizona ranks 16th in population. In 2020 Arizona will likely rank" I'll give you the answer for this one. It will rank 13th. Good news for investors and home owners, but bad news for incompetent politicians and those unable to prepare for a larger denser, hotter state metro Phoenix.

While some industried in Arizona languish the aerospace industry is taking off. Read, Gaining Altitude in the Aerospace Industry: Report on Arizona. 

"The aerospace and defense industry is an established engine of growth in Arizona, contributing $8.8 billion to the state economy and providing almost 100,000 jobs."

And last: McDonalds will replace counter folk in some 7000 of its European restaurants with touch screens.

P.S. Did you say, 'did you say cat hair jewelry'? Jewelry from the cat for the cat,"...one-third of the proceeds from any orders (of cat hair jewelry) will be donated to organizations that support cat welfare."