A Florida-based real estate developer has been ordered by a court to pay $300 million in lost profits after backing out of a major development deal in Arizona. The decision comes after the developer withdrew from the agreement, a move the court found to be a breach of contract, resulting in significant financial losses for…
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…
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…
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…
A luxurious estate in north Scottsdale has shattered records by selling for a staggering $24.1 million, making it the most expensive residential property ever sold on the Arizona Multiple Listing Service (MLS). The nearly 22,000-square-foot mansion, set on over four acres at the exclusive Silverleaf community, features eight bedrooms, 15 bathrooms, a 12-car garage, and…
The Amphitheater Public Schools District in Tucson is considering consolidating several schools due to declining student enrollment and financial constraints. Superintendent Todd Jaeger cited a 22% drop in enrollment over the past decade, resulting in reduced state funding. The district is exploring options such as merging campuses, repurposing schools, or even closing some facilities, with…
Arizona’s 2024 housing market shows steady prices, tight inventory, and rising sales, offering cautious opportunities for investors amid ongoing demand.
Tech advances like AI, crypto financing, and virtual tours are reshaping Arizona real estate investing for greater efficiency and opportunity.
Phoenix’s housing market is seeing a shift as more homeowners are pulling their properties from the market after struggling to find buyers. Recent data shows a growing number of listings removed from sale, reflecting a loss of confidence amid rising mortgage rates and declining buyer interest. Many sellers, facing lower-than-expected offers or failed sales, are…
Homeowners in Tempe’s historic Maple-Ash neighborhood are voicing strong opposition to a proposed two-story casita, arguing that it would disrupt the area’s character and violate existing zoning rules. The proposed accessory dwelling unit (ADU) would sit behind an existing home, but neighbors are concerned it will set a precedent for denser development inconsistent with the…