We will be emailing an update this Friday May 27th to investors in Saguaro Capital Fund Series 1 & 2. Investors in the Southwest Opportunity Trust will receive an update the following week.
ATTENTION INVESTORS: Capstone Real Estate is pleased to announce that the semi-annual interest distributions for all 3 of our Phoenix Real Estate funds are being processed this week. The 3 funds include:
Economists Elliott Pollack and Lee McPheters recently spoke at the 52nd ASU/JPMorgan Forecast Luncheon in Phoenix. The following article from The Republic | azcentral.com outlines their 2016 Arizona economic outlook.
HOUSING WILL BE BACK AS FORCE FOR GROWTH IN 2016, ECONOMISTS SAY
We came across the an good article posted on www.azcentral.com which outlines the rising home values and sales numbers in the Phoenix area. The article highlights include:
- Shrinking number of homes available below $300,000 drives increase in prices; sales soar by 19 percent
- Boomerang and first-time buyers are driving increases in metro Phoenix home sales and prices
- Home building is up 46 percent in the Valley
- Metro Phoenix's median home price has climbed to $225,000
See below to read the full article.
Please note that the quarterly updates for Saguaro Series 1, Saguaro Series 2 and the Southwest Opportunity Trust are being emailed to advisors on Friday October 16, 2015 and then emailed to clients Monday October 19, 2015.
We came across an interesting post from the Arizona Commerce Authority which compares the demographics and home prices of Phoenix to a variety of Canadian cities. Please note the home prices are in US dollars.
Capstone Real Estate is pleased to announce that the semi-annual interest distributions for all 3 of our Phoenix Real Estate funds have been processed. The 3 funds include:
Limited supply of affordable homes is pushing prices higher. The following a CNBC article outlines the details...
Housing Supply Shrinking In Phoenix
Diana Olick - Thursday, 16 Jul 2015
Here is a great article published on May 12th by the Phoenix Business Journal outlining the Greater Phoenix real estate market conditions.
"Housing starts, home prices and sales were all up in March, according to new data from Arizona State University. But there are some supply issues. Current listings are below last year’s inventory levels and a limited number of homes are available for less than $200,000."