Recently, I had the good fortune to attend a very good continuing education course. The instructor is one who is held in high regard. As a former high school teacher, he acquired a real estate school, sold it, and is now teaching at ASU. Just mention his name and you'll see an endearing nod of appreciation for this beloved instructor.
His class this time was on Legal Issues. I wondered what golden nuggets he would offer to entice students in his class. Well, he didn't disappoint. Here's a running list of noteworthy tidbits.
Maricopa County is the fastest growing county in the US.
The growth rate of this county is currently 14% annually.
The unemployment rate is 4.2% as of November in Arizona.
Arizona's median income is $56,000.
Homeownership rate in Arizona is 65%.
Arizona land ownership: 43% owned by the government
26% owned by reservations
19% privately owned
12% is State Trust land (9 million acres)
Arizona State Trust land benefits the municipalities and schools when it's sold. But it's only sold as a carryback with no personal guarantee by the city.
A bill will be introduced in January concerning Air BnB's - watch for it.
Arizona Water continues to be a topic of discussion. Where does our water come from? 32% is from the Central Arizona Project (CAP), Colorado River; 43% is groundwater; 21% from surface water; and 4% is effluent - recycled waste water for golf courses.
Arizona is a Blockchain friendly state! The Greater Phoenix Economic Council has made great strides in introducing software for Blockchain technology.
Due to Arizona's increase in population, we expect to receive more electrocal votes; currently Arizona has eleven electoral votes.
Our largest employer companies are now Banner Health, followed by Walmart and Kroger.
Our median sales price in the Phoenix Metro area is $263,000, making us one of the most affordable places to live. Our property taxes are approximately 1% of the purchase price of a home; considered very low as compared to Eastern states. Our sales tax in Phoenix is 8.6%, but varies by city around the State.
If you're looking to relocate to Arizona and purchase a home, give me a call to answer questions and receive more facts and data!