According to Entrepreneur Magazine, Phoenix is the number one city for startup companies and entrepreneurs. In addition to the sheer number of startup and entrepreneur companies, these same organizations reported more robust growth than in any other state. Do you think that will affect the residential market? Absolutely! Since it has been said that we are one of the top 10 growth cities in the country by Business 2.0 Magazine in June, people should feel good about their home purchases.

Commercial Mortgage Apps Up
The number of commercial and multifamily mortgage applications increased 17.3 percent during the second quarter of this year compared to the same period last year, according to the Mortgage Bankers Association.

“Origination activity remains strong and, while the Federal Reserve has been raising short term rates, long term rates have actually been falling recently,” said Doug Duncan, MBA’s chief economist. “Our forecast calls for some moderation in economic growth with interest rates stable through the rest of this year. Continued low intermediate and long term rates as well as ample supply of available capital provide a good backdrop for continued strength.”

Kelli Grant can help you with commercial condo investments. Commercial condos are a great opportunity for business owners and investors. They provide affordable places of business for owners and a solid cash flow and appreciation for investors.

Contact Kelli Grant for more information on commercial condos in the Phoenix metropolitan area.