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The Dealmaker: 10/13/2016

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The Dealmaker is a daily note of the day’s top real estate stories served just in time for lunch.  Bon Appetit! Subscribe here to receive the Dealmaker to your inbox.
The 10 hottest Valley neighborhoods of 2020. And what will go into making these neighborhoods so ‘hot’? “Bargain prices, million-dollar views?…. Proximity to Downtown + dirt-cheap land?…. Working vineyard, Boomer-tailored?…” Phoenix Magazine looks at “the Valley’s hottest areas for living and investment (and ‘Why [They] Will Be Hot’)… five years from today.” (Note: This article was published a year ago, yet we find it still relevant and interesting. Plus, with a click-through and scroll down, you’ll get the “Bonus” piece: “The Top 5… master-planned communities [that] will be humming in 2020.”) http://bit.ly/2dPU9y7
 
Developers eye ‘blank canvas’ lot for new Paradise Valley housing stock.“[R]espected real estate professionals Geoffrey Edmunds and Rod Cullum intend to build… an eight lot, single-story residential subdivision coined ‘The Villas at Camelback Country Club’ on the 4.4-acre lot…. [W]hat locals call ‘The Jarvis Property’… is at the northwest corner of the alignment of Northern Avenue and Scottsdale Road…. ‘This lot has never been platted so it really is a blank canvas.’” But before developers can begin working on their ‘masterpiece,’ they “have myriad zoning regulations to overcome.” Details at Paradise Valley Independent.  http://bit.ly/2dNwUkK
 
LET’S CALL IT ‘FLOODGATE’ – Pulte says Anthem flood plain maps are mistaken. “Federal maps show some homes in Anthem at Merrill Ranch in a ‘flood plain’ with an above-average risk of flood, but a Pulte Homes spokesperson said that’s an error… Pulte has requested that FEMA look into the situation to determine what needs to be done to correct the mapping error…” TriValleyCentral also reports “there could be 100 houses in the flood plain” and that “being in a flood plain would cost the buyer of [a] house an additional $15,000.” http://bit.ly/2dzk08c
 
CATTLE BATTLE – Supervisors settle latest ranchland tax lawsuit. “After an Oct. 5 Yavapai County Board of Supervisors executive session, where the board considered action in pending litigation in Arizona Cattle Growers Association v. Yavapai County, the supervisors unanimously approved the amount of $10.39 per acre at full cash value for tax years 2016 and 2017. The Cattle Growers Association had been unhappy with County Assessor Pamela Pearsall’s revaluation in 2011 of about 430,000 acres of grazing lands from $7.56 per acre set in 1986 — and unchanged since then — to $25 per acre.” More on the dispute and settlement in The Daily Courier. http://bit.ly/2ekZRaI
 
[IN-DEPTH] Home ownership pessimism might be overdone. “[W]hile many experts say [the national homeownership rate] will continue to shrink, Freddie Mac’s Economic and Housing Research Group are taking, not really a contrarian view but a more nuanced one.” Mortgage News Daily’s Jann Swanson does her usual bang up job — in this case, examining a Freddie Mac “Outlook article headlined by Sean Becketti, chief economist and Len Kiefer, Deputy Chief Economist [who] lay out their arguments for questioning the pessimism.” http://bit.ly/2dnjEnI
 
Where Clinton and Trump stand on a real estate tax loophole. Here’s howThe Christian Science Monitor describes this “loophole”: “[Business owners] can… report losses that don’t reflect the nature of their revenues. That’s especially true in real estate, where property owners can claim losses in wear and tear even as buildings increase in value. Or they can swap properties with other investors until they’re sold farther down the line, meanwhile avoiding taxes on increases in value.” We pretty much know where The Donald stands. As for Hillary… —>http://bit.ly/2dnisAE 
 
Warning: Get ready for a wave of misleading news about mortgage rates.  As the saying goes, ”Where there’s smoke, there’s usually a Samsung Galaxy Note 7.” But in this case, it’s Realtor.com chief economist Jonathan Smoke who drifts by to explain how “[m]uch of the general [mortgage] rate information reported to consumers is just too old and generic to be helpful to actual living, breathing people, spiffy commercials notwithstanding.” http://bit.ly/2dZUmLc

Aspen Valley Polo Club Returns To Defend Its Title At The Polo Party Saturday November 5th! – http://bit.ly/2e7Zony
Because you are an informed person, as a supplement to the Dealmaker, we are providing you 3 (sometimes more/less) non-real estate related articles we thought you might enjoy!
CORPORATE WELFARE 101 – Goldwater Institute sues Peoria over Huntington University. “[The suit claims that] the city is giving away more than $2.5 million in taxpayer money to Huntington University and its landlord in the form of subsidies…. Christina Sandefur, one of the attorneys who filed the lawsuit, said… ‘It would be just as wrong for the government to give taxpayer money to Starbucks to serve coffee, or to McDonald’s to sell hamburgers.’” More at YourWestValley. http://bit.ly/2dfflqZ

Economic experts expect steady growth, low unemployment for 2017. “Economists Elliott Pollack of Elliott D. Pollack & Company, Jim Huntzinger, executive vice president and chief investment officer of BOK Financial and Economics Correspondent Andrew Walker of BBC World Service shared their assessments of the state, local and international economies during the Economic Outlook 2017 event on Oct. 11.” AZ Business Magazine has the recap. —> http://bit.ly/2e0OyTS

November likely to lessen GOP’s advantage in legislatures, including in Arizona, ‘Governing’ reports. “Democrats have their best chance since 2010 to take back control of some chambers.”  Get the “state-by-state rundown” and find out why “Arizona… look[s] iffy for Republicans this  year.”—> http://bit.ly/2dW9kCX

GREEN FOR GREEN? – Vermont wind project needs support, so company offers to pay voters. The New York Times: “Iberdrola Renewables, a Spanish energy developer, wants to build Vermont’s largest wind project [24 turbines, each nearly 500 feet tall… 82.8 megawatts of power, enough to light 42,000 homes for a year]… Facing the possibility that voters… may reject the proposal… Iberdrola… put cash on the table for individual voters.” BTW, no truth whatsoever to the rumor that a recently fired Billy Bush has hightailed it up there to see if he can make a quick buck. http://bit.ly/2e4JCdJ

Michelle Singletary: What will you leave to your heirs? Tim Heileman, Rose Law Group estate planning attorney, weighs in. After opening her article with a cheery “You will die,” Washington Post personal finance columnist Michelle Singletary goes on to issue “caveats” regarding “the upheaval” that will ensue “if you purposefully leave an adult child or children out of your will.” Tim Heileman follows-up in Rose Law Group Reporter with an explanation of how estate planning “can help ease the trepid transition that follows a parent’s passing by facilitating critical family communication.” http://bit.ly/2e4Mjwb

AND AS LONG AS WE’RE ON SUCH A GRIM TOPIC… Dust sensors coming to deadly stretch of Interstate 10 north of Tucson.  Arizona Daily Star: “The warnings [‘dust sensors, warning signs and variable-speed-limit signs’] will be installed by early 2019 from milepost 209 near Eloy to milepost 219 near Picacho Peak. The interstate there is flanked with degraded desert and fallow farmland where localized ‘dust channel’ storms have caused numerous fatal crashes over the years.” http://bit.ly/2ed4dx0

Mesa Master-Planned Community Cadence at Gateway Launches With First Builder – Lennar Homes Read more

[IN-DEPTH] Home ownership pessimism might be overdone Read more

Western Wealth Capital of Canada Buys Multifamily Property Near ASU for $17 Million Read more
Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group.  Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others.  The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.

Belfiore Real Estate Consulting is Arizona’s leading housing market research firm.  The company couples its surveys of up to 350 new home subdivision sales personnel monthly with resale and public data, as well as the perspectives of leading development, homebuilding, lenders, brokerage, real estate law, contractors, and investors to report on and forecast residential housing market conditions.

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© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.