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Eliminate or Reduce Arizona and IRS taxes

Industry News

Lin Leclair, EA President, National Association of Tax Professionals, Arizona Chapter   Two new tax laws signed into legislation in 2016 by Arizona Governor Doug Ducey increased and expanded Arizona’s “dollar for dollar” tax credits. This allows many Arizona residents to significantly reduce or even eliminate the normal income taxes that they would pay to… Read more

Civil Remedies and the Commercial Lease

Laying Down the Law

Christopher J. Charles, Esq. Founder, Provident Law   Just like the ancient feudal lords, commercial landlords today have considerable rights and remedies if a tenant defaults. Two chief examples include the non-judicial lockout and pre-judgment provisional remedies. Fortunately, provisional remedies are rarely needed because the mere threat of enforcement generally accomplishes the landlord’s goals. Commercial… Read more

2017: Phoenix Market Leads the Nation

Market Update, National

Jonathan Smoke Chief Economist, realtor.com   Despite a more moderate housing market overall in 2017, strong local economies and population growth will continue to fuel the nation’s top markets. The realtor.com® 2017 top 10 housing markets based on price and sales gains are: Phoenix-Mesa-Scottsdale, Ariz. Los Angeles-Long Beach-Anaheim, Calif. Boston-Cambridge-Newton, Mass.-N.H. Sacramento–Roseville–Arden-Arcade, Calif. Riverside-San Bernardino-Ontario,… Read more

Real Estate CrowdFunding

Industry News, Market Update

Nav Athwal Founder and CEO, RealtyShares   Since the passage of the 2012 JOBS Act, real estate crowdfunding has become one of the fastest-growing segments of the crowdfunding industry. According to research from the University of Cambridge Judge Business School, U.S. investors used crowdfunding platforms to invest $484 million into real estate deals in 2015… Read more

Market Summary

Industry News, Market Update

Michael Orr Journal Columnist Founder and Owner, Cromford® Report     Each month in 2017, I will be creating a chart to illustrate how the Greater Phoenix housing market is changing. At the end of each quarter, I will then provide a written market summary of that quarter and how it compared to twelve months… Read more

Client-Worthy Culinary Events

Local, Special Interest

Diana Brandt Founder, Arizona Foodie   As a new year starts, the Phoenix metro food scene begins to rock and roll. Over the past few years, I’ve been fortunate enough to attend almost every single culinary event in the valley. Many of these events cost a pretty penny — with various venues to choose from… Read more

Property Owners Waive All Claims And Defenses Against Lender After Foreclose

Laying Down the Law

Christopher J. Charles, Esq. Owner, Founder, Provident Law   Pursuant to Arizona’s deed of trust statutes, if a borrower defaults on her mortgage obligations, the lender may foreclosure non-judicially by recording its Notice of Trustee Sale with the County Recorder’s Office. See generally, A.R.S. § 33-801, et seq. Importantly, if the borrower believes that she… Read more

Market Summary

Market Update

Michael Orr Journal Columnist Founder and Owner, Cromford® Report   The market in 2016 has continued to follow predictable patterns, following all the usual seasonal trends and largely mirroring the market of 2015. However, 2016 is having a stronger second half for sellers than 2015: we see higher sales and an increasing appreciation rate. We… Read more

Mortgage Industry Update

Industry News, Lending

Joel Kan Mortgage Bankers Association, Economist   The Mortgage Bankers Association projects that home purchase originations will increase further in 2017, building on an estimated 10 percent increase in 2016. Strong household formation coupled with further job growth, rising wages, and continuing home price appreciation will drive strong growth in purchase originations in the coming… Read more

There Are Riches in Niches, If You Are Well Informed!

General Real Estate

Gary Hix Author, Domestic Water Wells in Arizona, A Guide for Realtors and Mortgage Lenders Educator, Arizona School of Real Estate & Business   Domestic water wells may seem like something you would have to travel to the heart of the Arizona desert to find. On the contrary, many water wells exist throughout Arizona in… Read more

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