Millennials Will Propel the U.S. Housing Market in 2020

Millennials are anticipated to drive the U.S. housing market forward in 2020 more than ever, with large cohorts expected to either purchase their first home or decamp from city to suburb and trade up, according to an economic forecast published by realtor.com on Wednesday.

Read more... https://www.barrons.com/articles/millennials-will-propel-the-u-s-housing-market-in-2020-01575559824

Harnessing sun power: Florida and California taking different paths to solar

On opposite coasts, Florida and California are both famous for sunshine. But their approaches to harnessing sunshine for power are as disparate as their coastlines.

Read more... https://www.floridaphoenix.com/2020/01/02/harnessing-sun-power-florida-and-california-taking-different-paths-to-solar/

    Best Regards,

Lillian Wong
Sr. Mortgage Advisor
NMLS 630337
NEXA Mortgage
2450 S Gilbert Rd #210
Chandler AZ 85286
480.650.5412
www.lillianwong.net
lwong@nexamortgage.com

Scottsdale shopping center sells for $66.7M

After going through a massive re-leasing effort during the past few years, the Shops at Gainey Village, a large Scottsdale shopping center, has been sold.

According to documents filed with the Maricopa County, the retail center was sold Dec. 16 for $69.7 million by Principal Real Estate Investors LLC to First Washington Realty Inc. Principal purchased the property in 2005 for $73 million, according to county records.

Read more... https://www.bizjournals.com/phoenix/news/2019/12/18/rebooted-scottsdale-shopping-center-sells-for-70.html

Scottsdale city council approves Southbridge development

The city says the high-rise development could bring more vitality to the downtown area, but some are concerned it means losing Old Town's classic charm.

Read more... https://www.12news.com/article/news/local/valley/scottsdale-city-council-to-discuss-southbridge-development/75-7e9529c6-3dea-4410-88e0-415631db9907

Bye-Bye, VA Loan Limits: What This Means for Veterans Buying a Home

Active service personnel and veterans hoping to buy a home in expensive parts of the country have a lot to be thankful for this holiday season.

Read more... https://www.realtor.com/news/trends/bye-bye-va-loan-limits-what-this-means-for-veterans-buying-a-home

Gold price has 'every reason in the world to rally', why isn't it?

This week's non-action created a new resistance level for gold and it will need to breach it before rallying higher, according to analysts.

The yellow metal was unable to sustainably break the $1,475 an ounce this week, signaling a new resistance line before the $1,500 mark.

Read more... https://www.kitco.com/news/2019-11-22/Gold-price-has-every-reason-in-the-world-to-rally-why-isn-t-it.html

Metro Phoenix renters struggle with rising housing costs. What can help?

Metro Phoenix home prices hit a new record this year.

Read more... https://www.azcentral.com/story/money/real-estate/catherine-reagor/2019/11/03/whats-being-done-arizonas-growing-housing-affordability-problem/4110671002/