Recent Posts: Real Estate Facts & Figures

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Phoenix is Veteran Friendly.

Metro Phoenix ranks number 2 in VA home loan originations in the U.S. That means lots of veterans are moving to or buying homes in the Valley of the Sun. This demonstrates the continuing popularity of Arizona to the U.S. armed forces community (and their dogs).

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Phoenix Home Prices Rise the Fastest.

Phoenix has the highest home-price appreciation in the country according to the October numbers from the S&P CoreLogic Case-Shiller index. Nationally, home prices were up 3.3% year over year, but Phoenix led the U.S. with a 5.8% year-over-year home price rise increase. That’s great news for Valley of the Sun sellers who hope to get […]

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Loan Limit Increase.

The Federal Housing Finance Agency has increased the conventional loan limit from $484,350 to $510,400. This gives borrowers more buying power, allowing them to avoid more expensive Jumbo Loans and their stricter restrictions. So you can now afford to buy more home in the metro Phoenix area – one of the hottest housing markets in […]

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Arizona Is Hot!

Yes summers can be hot here, but I’m talking about Arizona residential real estate, not the weather. Forbes analyzed over 2,000 cities and then focused on the 200 largest housing markets. Arizona cities ended up taking 8 of the top 25 spots on Forbes list of the hottest U.S. residential real estate markets.

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Phoenix Sets New Record!

The median home sale price in the metro Phoenix area in November was $285,000, a new median price record. For December, it is anticipated that median sales will set a new high-water mark for 2019. If true, based on the past, a new record median price for December will create strong upward price momentum in […]

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Buy A New Home.

New home sales in the Phoenix metro area were up 36% in October 2019 over that same month in 2018. In addition, single-family building permits in October 2019 were the most issued since July 2007.This means new home construction is finally catching up after years of below average building activity. New homes have on average […]

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Phoenix Adds the Most Jobs.

The Phoenix area added 13,200 construction jobs during the 12-month period that ended in June, an 11% jump. The figures come from Associated General Contractors of America, which analyzed federal data for jobs in construction. Those numbers show that the Phoenix market added more building jobs than any other market in the U.S. during that […]

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Phoenix Real Estate Rocks!

May 2019 was a record-setting month for home sales in the Phoenix metro area. New all-time records were established for both sales volume and total dollar volume , as well as for the number of homes sold and the most money spent. The monthly median sales price set a record high reaching $278,000. That means […]

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Property Investment Basics, Part 3.

Capitalization. When evaluating the worth of an income property based on the value of the income produced, a capitalization rate is applied to the net income. A “Cap” rate is determined by a study of various economic factors, including the returns on other investments, taking into account mortgage, equity components, and risk. That rate of […]

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Obscure Arizona Real Estate Laws.

Did you know that Arizona has a law that limits the amount of land one person may purchase? If buying land from the State, A.R.S. §37-240 states that no person may purchase more than 640 acres of grazing land, or more than 160 acres of agricultural land. Since most State land sales are in urban […]

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Property Investment Basics, Part 2.

Present Value. A fundamental concept in real estate investing is that a dollar today is worth more than a dollar in the future. Therefore a “discount rate” is used to determine the present value of an income stream. In computing the present value of a dollar, the discount factor is the value today of a […]

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Property Investment Basics, Part 1.

The return on investment in income property is tied to two basic economic components: the annual net income it produces, plus the proceeds of refinancing or sale. Therefore the total return on a real property asset is a combination of annual returns and the final payoff from sale of the asset. The first step in […]

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Where did Trusts Originate?

The modern Anglo-American trust is a unique legal device. In the U.S. we use trusts as methods to hold and convey property, often to heirs as an estate planning device. There are a couple of theories concerning the origin of the trust, with the latest being that the trust may actually be traceable to an […]

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Colorado Legalizes Rain Barrels.

Until recently it was believed to be illegal to connect a down spout to a rain barrel in most urban areas in Colorado. Rain barrels are a great way to collect our periodic rainfall for garden use – I have three with 40 gallons capacity each. The problem in Colorado was an interpretation of the […]

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Arizona’s Homestead Exemption.

Arizona’s homestead exemption allows a person to protect from certain creditors up to $150,000 of the equity in the home they live in (house, condominium, or mobile home). It applies only to non-consensual liens. A non-consensual lien is one which arises from a recorded money judgment. For example, a judgment that arises because the owner […]

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