Devaluation vs Inflation: Understanding Their Impact on Currency, Economy, and Arizona Real Estate Investing

**Devaluation vs Inflation** Devaluation and inflation are two key economic concepts that can impact the value of a country’s currency and the purchasing power of its residents. Devaluation refers to a deliberate downward adjustment of a country’s currency value relative to other currencies, often executed by the nation’s government or central bank. This is typically…

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Arizona Housing Prices

Arizona Supreme Court Expands Self-Defense Rights Inside the Home: Ruling Sets New Legal Precedent for Domestic Self-Protection

The Arizona Supreme Court has ruled that the state’s self-defense laws apply inside the bedroom, setting a precedent for future cases involving claims of personal protection within the home. The decision came in response to a case where a woman fatally shot her partner during a domestic dispute and claimed self-defense. The court emphasized that…

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Mortgage Interest Rates

Mortgage Rates Steady but Elevated: What Arizona Investors Need to Know in October 2023

Mortgage interest rates held relatively steady as of Friday, October 6, 2023, with the 30-year fixed-rate mortgage averaging 7.61%, up slightly from the day prior. In comparison, the 15-year fixed rate hovered around 6.87%, while the 5/1 adjustable-rate mortgage (ARM) landed at approximately 6.37%. Although rates remain elevated compared to recent years, they are still…

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Arizona Home Sales

Missed the Inspection Window? Learn Your Rights and Seller Responsibilities in Arizona Home Sales

After a homebuyer in Arizona missed the inspection window specified in their purchase contract, questions arose about whether the seller is still obligated to pay for repairs identified later. Generally, real estate agreements include an inspection period during which buyers can inspect the property and request repairs or negotiate credits for any issues found. If…

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Arizona Housing Prices

Climate Crisis Sparks Real Estate Alarm: Billions in U.S. Properties at Risk from Wildfires, Floods, and Rising Seas

As climate change accelerates, the U.S. housing market faces growing risk, especially in regions prone to wildfires, floods, and rising sea levels. Research shows billions of dollars in residential property are vulnerable, with markets in areas like coastal Florida, the Southwest, and wildfire-stricken California most at risk. Despite mounting physical threats, many properties in danger…

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How Inflation Quietly Reshapes Ultra-Wealth: From Art and Real Estate Booms to New Challenges for Arizona Investors

Inflation impacts ultra-wealthy individuals in several unexpected ways beyond just rising prices. For one, inflation can actually boost the value of certain tangible assets that the wealthy often hold, such as art, collectibles, and real estate, while diminishing the value of their cash savings. Additionally, higher inflation can complicate tax situations, as gains on investments…

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