30 Arizona courses make the list, 15 of which are in Scottsdale!
http://www.golf.com/courses-and-travel/best-public-golf-courses-every-state-2012
Friday, August 31, 2012
Wednesday, August 29, 2012
Good News for Housing & Beyond!
Median price of resale homes up 33% from a year ago.
New home permits up 108% over last year. New home closings up 54% over last year.
Retail sales up 7.7% over last year.https://www.edpco.com/files/MMQ_082712.pdf
Monday, August 27, 2012
Wednesday, August 22, 2012
Monday, August 20, 2012
Friday, August 17, 2012
Thursday, August 16, 2012
Wednesday, August 15, 2012
Monday, August 13, 2012
Friday, August 10, 2012
Wednesday, August 8, 2012
Monday, August 6, 2012
Friday, August 3, 2012
Lynne’s Monthly Market Stats – July 31, 2012
|
Maricopa County active
listings
|
10,391
|
|
|
Maricopa County active
SINGLE FAMILY listings
|
8,155
|
|
|
Maricopa County active
SINGLE FAMILY listings (3+ bedrooms)
|
7,049
|
|
|
Scottsdale active SINGLE
FAMILY listings (3+ bedrooms)
|
1,212
|
|
|
Scottsdale active SINGLE
FAMILY listings (3+ bedrooms)
|
Under $300,000
Under $500,000
Under $750,000
Under $1,000,000
|
93
326
573
771
|
Wednesday, August 1, 2012
NO 3.8% Sales Tax on Real Estate
The rumor mill continues to circulate regarding the National Sales Tax on Real Estate. Just for historical perspective, the following is the AAR post from May 5, 2010 regarding the rumor that the health care legislation bears a sales tax on Real Estate:
“No 4.0% “Sales Tax” on Home Sales in New Health Care Bill
Remember when NAR busted the energy bill rumor about retrofits for existing homes? Now there’s a new email making the rounds about a real estate sales tax in the new health care bill. Turns out, this one is false too. Get the facts:
“Contrary to reports and newspaper articles circulating widely on the Internet, there is not a 4.0% ‘sales tax’ or ‘transfer tax’ on the sale of a home included in the recently signed health care reform bill. The analysis underlying these reports is incorrect and fails to take into account the interplay of the bill’s provisions with already existing real estate tax laws that remain unchanged.
What was included in the health bill is a provision that imposes a new 3.8% Medicare tax for some high income households that have ‘net investment income.’ Any revenue collected by the tax is dedicated to the Medicare hospital insurance program. This new tax will only apply to households with Adjusted Gross Income (AGI) of more than $200,000 for individuals or more than $250,000 for married couples. Since capital gains are included in the definition of net investment income, an additional tax obligation might result from the sale of real property.
In the case of the sale of a principal residence, the existing $250,000/$500,000 exclusion from capital gains on the sale of a principal residence remains unchanged. Consequently, even when the AGI limits are met, the new tax would not be applied to all capital gains that result from the sale of a home. Rather, it would only apply to any home sale gain realized in excess of the $250K/$500K existing primary home exclusion that pushes the filer’s AGI over the $200K/$250K adjusted gross income limit.
The new Medicare tax will not take effect until January 1, 2013.”
The new Medicare tax will not take effect until January 1, 2013.”
In case you’re curious, Snopes covered this one too. If you get an email and you’re not sure about the facts, do your friends a favor and check it out on Snopes before hitting forward.
Have other health care-related questions? NAR has put together a page on the new health reform law.
This update was originally published on Blog.AARonline.com May 5, 2010.”
For further information, check the Snopes description at http://www.snopes.com/politics/taxes/realestate.asp
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