by kramoltz@hotmail.com | Dec 17, 2019 | Home Buying, Real Estate Facts & Figures
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...
by kramoltz@hotmail.com | Sep 5, 2019 | Arizona and Its Amenities, Real Estate Facts & Figures
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...
by kramoltz@hotmail.com | Jun 28, 2019 | Arizona and Its Amenities, Real Estate Facts & Figures
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...
by kramoltz@hotmail.com | May 14, 2019 | Real Estate Facts & Figures
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...
by kramoltz@hotmail.com | Apr 12, 2019 | Real Estate Facts & Figures
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...
by kramoltz@hotmail.com | Apr 8, 2019 | Real Estate Facts & Figures
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...
