News From Arizona
Timely, relevant and useful information about Arizona and other parts of the country related to real estate, finance and policy issues for homeowners and prospective homeowners.
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In 2016, the Arizona legislature passed the “AirBnB Bill,” which has increased the number of investors buying properties in cities like Sedona.
Realtor.com recently released their hottest markets list for 2019. Phoenix ranked No. 5 on the list and was the largest U.S. city to rank in the Top 10.
When Arizona voters passed Prop 126 last November, it was the latest in a history of amendments to the state constitution that either helped or protected homeowners.
If approved, Prop 126 will amend the Constitution to protect taxpayers from state and local governments imposing any new sales tax or use tax on services.
In the 2016 Arizona Legislative session, Arizona REALTORS® opposed a bill that would give tax breaks to for-profit universities and shift the tax burden to Arizona property owners.
The Arizona REALTORS® recently opposed a rate case before the Arizona Corporation Commission which would have set a poor precedence in allowing power companies to charge on the basis of peak usage rather than total consumption during the billing period.
Thanks to a new Arizona law co-sponsored by State Representative Michelle Ugenti and State Senator Gail Griffin—both REALTORS®—condominium and townhouse associations can no longer restrict individual unit owners from renting their units based on a criminal background check.