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Renting out a home can earn tax breaks

If you're having trouble selling your home in the current housing slump, it might make more sense to lease it instead. Doing so could turn your property into a rent machine and open up extra tax breaks. Plus, it would buy time until market conditions improve.

ADEQ Director Owens Announces New Initiative to Help Arizona Schools Clean Up and Prevent...

PHOENIX – Arizona Department of Environmental Quality (ADEQ) Director Steve Owens announced today that ADEQ has launched an innovative initiative to help schools across Arizona clean up contamination from leaking underground storage tanks (USTs) on school property and prevent future leaks from USTs.

Cole Companies Partners With Niche Residential to Acquire a Luxury Townhome Community in Cave...

PHOENIX , Aug. 29 /PRNewswire/ -- Cole Companies and Niche Residential, both based in Phoenix , announced today a joint venture under the entity name VSH Cave Creek, LLC to acquire The Village at Surrey Hills, a 45-unit luxury hillside townhome community currently being developed in Cave Creek, Arizona.

Real estate slump? None exists for Tucson homes above $1M

Much of Tucson's residential real estate market might be in the doldrums — but the view from the top looks just fine, according to local industry observers. While overall home sales are down from 2006, luxury homes priced at $1 million or more are selling well this year, says a monthly report by housing market consultant John Strobeck.

Property tax brouhaha is percolating

There's a concerted effort under way to brew up another property tax revolt in Arizona. The state felt the aftershocks of California's Proposition 13 in 1978. A similar cap on property values and taxation began to circulate in Arizona.

Tips for sealing the deal on troubled real estate

Termites, proximity to landfills, criminal activity and even the possibility of ghosts can spell doom for a real-estate sale. Those problems present their share of hazards for real-estate agents as well, said Craig Runyon, an instructor at the Brodsky School of Real Estate.

Commerce park in works for Safford

The city of Safford could see the beginning construction of one of the largest commerce parks ever built in the Gila Valley during the second quarter of 2008. Situated on 28 acres that is now in escrow, the park will include two, two-story institutional buildings with underground parking, five office complexes, a restaurant, daycare facility and a bank.

Group seeks ballot measure to limit property taxes

Property owners would see tax breaks while Arizona cities, school districts and other taxing entities would face limits on the amount of money they raised if a ballot measure filed Tuesday won voter approval next year.

Hobbs: Making some for-real profits through virtual real estate

Oh, what a difference a few years can make. Four years ago you could sell your house before you hung the for sale sign. Today, you better pack a lunch.

Arizona gives go-ahead to Zillow

Zillow.com, the popular real estate Web site, is in the clear for offering its home-value estimates in Arizona. Earlier this week, Gov. Janet Napolitano signed into law Senate Bill 1291, with an amendment that allows Zillow to operate in the state.

Troubled homeowners are finding a new way to sell

A growing number of homeowners behind on their mortgage and facing foreclosure are finding a way to sell despite the glut of Valley homes for sale.

Plans for dinosaur theme park become extinct

A Phoenix family gave up its dreams of creating a Dinosaur theme park near Holbrook and sold the property this week to a Mesa...

Local millionaires' on the rise

How much are you worth? As it turns out, global economic growth and stock-market rallies have been good for many Valley residents: A new report...

Sonora aims to reassure investors from Arizona

Sonora has become the first state in Mexico to enact a licensing requirement for real estate agents, which may include criminal-background checks in select...

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Strong Bipartisan Support for Gosar Grand Canyon Bison Management Act

“This legislation should be the gold standard for developing practical, bipartisan solutions at the local level without spending a dime of taxpayer dollars.” Congressman Paul A. Gosar, D.D.S. (AZ-04) released the following statement after introducing H.R. 3005, the bipartisan Grand Canyon Bison Management Act

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Strong Bipartisan Support for Gosar Grand Canyon Bison Management Act

“This legislation should be the gold standard for developing practical, bipartisan solutions at the local level without spending a dime of taxpayer dollars.” Congressman Paul A. Gosar, D.D.S. (AZ-04) released the following statement after introducing H.R. 3005, the bipartisan Grand Canyon Bison Management Act