by kramoltz@hotmail.com | Oct 3, 2020 | Real Estate Facts & Figures
In Arizona there is a statute pertaining to bedbugs, but only in rental situations. It prohibits landlords from renting when they know bedbugs are present. The law also provides that if a tenant discovers it has bedbugs, it must notify the landlord in writing. If...
by kramoltz@hotmail.com | Sep 22, 2020 | Arizona and Its Amenities, Real Estate Facts & Figures
The Valley of the Sun leads the nation in home price growth, with year-over-year price increases of 9% in June, according to the latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. Phoenix’s 4.3% growth is now more than twice the year-over-year...
by kramoltz@hotmail.com | Sep 12, 2020 | Real Estate Facts & Figures
Reconciliation. What type of valuation method is most appropriate for a commercial property is usually dependent on its use. Thus, all 3 approaches are utilized, but one is will be given the most weight. For example, in commercial contexts most appraisers will rely on...
by kramoltz@hotmail.com | Sep 9, 2020 | Arizona and Its Amenities, Real Estate Facts & Figures
Phoenix area housing records are being smashed and the luxury home market is not exempt. Michael Orr of The Cromford Report reported that for home sales over $500,000 “[t]he recovery of the luxury market in July was nothing short of amazing, with an increase of 30%...
by kramoltz@hotmail.com | Aug 18, 2020 | Real Estate Facts & Figures
The Income Approach. This method analyzes a property’s income producing capability and then capitalizes the future income to indicate present value. If there are leases on the property, actual rents will be scrutinized. Comparable property rentals will also be...
by kramoltz@hotmail.com | Jul 24, 2020 | Real Estate Facts & Figures
Real estate is the most favored investment in the U.S, as has been the case since 2013. The popularity of stocks has suffered due to recent volatility caused by the Coronavirus outbreak, but still remain as people’s next most popular investment. Trailing real estate...
