As Arizona’s real estate market continues to soar, more homeowners are facing capital gains taxes as their home values surpass IRS exemption limits. Currently, homeowners can exclude up to $250,000 in profit from the sale of a primary residence as single filers, or $500,000 for married couples filing jointly, provided they meet eligibility requirements like…
Nearly half of Arizona homeowners could face a significant tax bill if they decide to sell their properties, due to soaring home values in recent years. The issue centers around the federal capital gains tax, which hits when a home’s value increases by more than $250,000 for single filers or $500,000 for couples during their…
A Flagstaff luxury home recently set a new local real estate record with a sale price of $8.75 million, surpassing all previous residential sales in the area. The 7,200-square-foot property, located in the upscale Pine Canyon community, boasts five bedrooms, six bathrooms, high-end finishes, and sweeping views of the San Francisco Peaks. According to listing…
Strongway Gym Supplies UK has launched a new home multi-gym with weights, aiming to simplify at-home fitness routines. Designed to cater to a wide range of workout preferences and levels, the multi-gym offers an all-in-one solution for strength training, allowing users to target multiple muscle groups from the comfort of their own homes. With the…
Metro Phoenix’s housing market continues to see headline-making transactions, with several multimillion-dollar deals closing recently. Among the most notable is the $21.5 million sale of an Arcadia estate, now counted as one of the highest-priced home sales in Valley history. The luxury property, purchased by a local medical investor, features over 13,000 square feet, seven…
Arizona Governor Katie Hobbs has approved legislation allocating up to $500 million in taxpayer funds to upgrade Chase Field, the home stadium of the Arizona Diamondbacks. The funding is aimed at modernizing the 26-year-old ballpark with improvements such as infrastructure upgrades, new seating, and updated concessions. Proponents argue that the investment will help keep the…
Several major industrial real estate transactions have recently closed across the Phoenix area, spotlighting the region’s enduring appeal for logistics and manufacturing companies. Notably, a 246,977-square-foot distribution facility in El Mirage sold to Boston-based Stag Industrial Holdings LLC for $46.2 million, showcasing investor confidence in the West Valley. Other significant deals include the $17.6 million…
The Arizona Legislature has approved a bill that would provide up to $500 million in public funding for major renovations at Chase Field, home of the Arizona Diamondbacks. The funding, which would come from tourism-related taxes, is aimed at modernizing the aging stadium and keeping the team in downtown Phoenix for years to come. Supporters…
The Arizona state legislature has approved a bill to provide up to $500 million for renovations at Chase Field, home of the Arizona Diamondbacks. The funding, which still requires approval from Governor Katie Hobbs, would be drawn from future tax revenue generated at the stadium, rather than from the state’s general fund. Supporters argue the…
Arizona state senators have approved a funding plan for a new stadium for the Arizona Diamondbacks, marking a significant step for the team’s future in Phoenix. The proposal passed after weeks of heated debate, with supporters emphasizing the economic benefits and opponents raising concerns about public funds being used for professional sports infrastructure. The bill,…