Blog
Latest NewsN. Mark Kramoltz, JD, GRI, CIPS writes blog articles on the metro Phoenix, Arizona, national and global real estate markets. Written from his perspective as a designated broker and real estate attorney, his articles avoid the inaccuracies and vacuous industry propaganda common to most real estate writings. Due to his love of animals and military history, he also frequently writes about dogs, cats and horses that have played a role in military conflicts. Subscribe to his blog now!
How is the Phoenix Market?
Tom Ruff of the Information Exchange reports that the number of listings that went under contract in May were the most in 2020, surpassing the highwater mark of March. So its no surprise that closed sales in June were the highest so far this year, falling only 91...
Is COVID-19 Accelerating Millennials’ Move to Single Family Homes?
The COVID pandemic may change the rush of Millennials to luxury apartments. Although it will likely not significantly alter the home preference behavior of this age group, it may accelerate the demographic trend towards the single family home sector that was emerging...
Who Are Making Home Renovation a Priority?
In a survey conducted between January and March of 2020 of more than 87,000 homeowners by Houzz, renovations remain a popular activity, particularly among older age groups. Baby boomers accounted for more than half of owners who renovated in 2019. Gen Xers (ages 40 to...
Solar Tax Credits Are Disappearing!
Prior to January 1, 2020, an owner of solar panels was entitled to a 30% credit against federal income tax owed. In 2020 the credit was reduced to 26%. In 2021 the tax credit drops to 22%, and after that year it disappears. To qualify, a system needs to be “placed in...
Rin Tin Tin, Part 1.
The Aborted War Dog. The original Rin Tin Tin was a German Shepard that was intended to be a war dog. He was found by Lee Duncan, an American airman in WWI as a puppy in an abandoned German army kennel. Lee was scouting the county side after the front advanced when he...
Appraisal Concepts, Part 2.
The Cost Approach. One of the three classic methods of valuing commercial real property is the cost approach. In the cost approach, an appraiser values the value of the land and then adds what it would cost to build a new, roughly identical structure. Unless the...