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!
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...
They’re Moving to Phoenix, Part 1.
More than a third of people searching Redfin.com for Phoenix homes last quarter were from out-of-town. In the Redfin Migration Report, Phoenix was named as the top destination in the country, particularly among people from Los Angeles and other expensive and high-tax...
Property Investment Basics, Part 4.
Tax Impacts. Real estate as an investment class benefits from certain tax characteristics, primarily from the fact that real estate can be depreciated. Depreciation provides a tax shield for income at ordinary income rates, and then when the real estate is sold, the...
Rehab Lead Removal Requirements, Part 1.
If you buy and fix up older homes to sell or hold as a rental, you may be subject to lead disclosure and remediation requirements. Many people are familiar with the lead paint disclosures, which are required upon sale or rental where the property was built before...
The Seasonal Market.
Peak times for home contracts to be signed are the spring in the Phoenix metro area. In some cities there is another up tick in the late fall, but any sales increase after the summer is minor here. Low points for closed sales typically are in January and February - a...
Don’t Overpay for Title Insurance: Part 3, Identity Rates.
When buying or selling a home, some escrow/title companies offer discounts to certain people. Those who qualify are usually first-time home buyers, senior citizens, non-profit/charitable organizations, and first responders (police officer, firefighter, emergency...