Blog
N. 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. He also blogs about animals (mostly dogs in the military) due to his love of pets and military history.
International Home Buying in the U.S.
The latest Profile of International Activity in U.S. Residential Real Estate has been released by the NAR: https://tinyurl.com/y4xtsec2. The major foreign buyers are from China, Canada, India, the United Kingdom and Mexico, in that order. Arizona continues to be a top...
Avoid Lead Removal Liability.
Part 3. The disclosure part of the lead removal rules (see part 1 and 2 for the other guidelines) requires that an EPA booklet entitled "The Lead-Safe Certified Guide to Renovate Right" be supplied. This document must be supplied before the work is done if there is an...
Floodplain Insurance Requirement Dropped.
Hundreds of Scottsdale residents in the Grayhawk master-planned community have been removed from the Rawhide Wash 100-year flood plain. This revision to the flood insurance rate maps means pricey flood insurance is no longer mandatory for those home owners with a...
Ride-Share House Scouts.
Real estate firms are hiring ride-sharing drivers from Uber and Lyft to search for house flip projects. The drivers look for homes that appear to be good candidates for renovation and sale. One company hires drivers to find potential flip houses in 20 states. Drivers...
A Dog: Man’s Best Physician?
In the ancient world, dogs were thought to have knowledge of medicine. It was noted that dogs elevate an injured leg, just like Hippocrates (the father of medicine) prescribed for injured limbs. And dogs know to lick their wounds to ensure they will remain clean and...
Plant Your Trees Right.
Most city codes require that trees when fully grown do not extend into street or utility right of ways. Although you own that land, a right of way limits your use of that area. Street right of ways are located along the street portion of a property and typically are a...
Do you have Lead Removal Liability?
Part 2. If you renovate a home with lead paint, professional remediation techniques are required if you remove paint on any window, on more than 6 square feet of interior, or on more than 20 square feet of the exterior. The work must be done by a "Certified...
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...
New Arizona Trade Office in Israel.
The Arizona Commerce Authority has announced the establishment of an Arizona trade office in Israel. The new office will be dedicated to promoting and strengthening business, investment, entrepreneurship, and trade relations between the business communities of Arizona...