Important information on the recent bank collapses and our market.
Have you heard that our country just went through the second and third-largest bank failures in history? Silicon Valley Bank and Signature Bank recently had to close down, which will affect real estate greatly. There is a lot of information floating around about this subject, so I am here today to help you understand it all and what it means for you.
Watch my full explanation in the video above or skip to specific topics using these timestamps:
0:00 — Introduction
1:45 — My thoughts on the Business Journal article
3:00 — The Fed doesn’t want to be bullied
3:42 — Is there a window of opportunity for buyers?
6:08 — Two schools of thought that could leave you frozen
7:10 — Why it might be a good idea to act now
8:28 — Wrapping up
If you want help taking advantage of this opportunity and buying a home, don’t hesitate to reach out! You can call or email me anytime, and I would be happy to help you.
Some big things you need to know about recent developments in Phoenix.
Do you know about all of the exciting changes happening in Phoenix? A lot has been developing, so I’m here to keep you updated. From the big Airbnb bust to new developments and construction coming to the Phoenix area, I’m sharing the news you need to know.
Feel free to watch the full message above or use these timestamps that will direct you to various points in the video:
0:00 — Introduction
0:25 — An Airbnb bust
2:15 — What happened?
3:36 — Why did this happen?
5:10 — Some people will sell
6:30 — Approval for a new arena
7:35 — Scottsdale Resort ranked high
8:53 — New hotel and sports complex
11:25 — New multifamily and office space coming to Biltmore
12:00 — Wrapping up
If you have any questions about any of this, please feel free to reach out. I would love to be your resource for all of your real estate needs, so call or email me anytime.
Desert Mountain Club is a premier private golf and lifestyle community located in the scenic Sonoran Desert of Scottsdale, Arizona. The Club boasts a stunning array of amenities, including six Jack Nicklaus Signature golf courses, an award-winning spa and fitness center, and a variety of dining options. In this blog post, we’ll take you on a tour of the Desert Mountain Club, highlighting some of its most impressive features and amenities.
The golf courses at Desert Mountain Club are world-renowned, and for good reason. Designed by golf legend Jack Nicklaus, each of the six courses offers a unique challenge and breathtaking views of the surrounding desert landscape. Whether you’re a seasoned pro or a novice player, you’ll find something to love about these courses.
The Renegade course, for example, is known for its “reversed routing,” which means that the front and back nines are played in reverse order on alternate days. This creates a completely different experience for players each time they tee off. Meanwhile, the Cochise course is known for its dramatic elevation changes and stunning views of the nearby Continental Mountains.
Spa and Fitness Center
If you’re looking for a little relaxation and rejuvenation, look no further than the Desert Mountain Club Spa and Fitness Center. The spa offers a wide range of treatments, from massages and facials to body wraps and scrubs. There’s also a salon on-site, where you can get your hair and nails done.
The fitness center, meanwhile, features state-of-the-art equipment and a variety of classes, including yoga, Pilates, and spinning. There’s even an indoor lap pool and outdoor pool for swimming enthusiasts.
The Desert Mountain Club offers several dining options to suit every taste and occasion. At the main clubhouse, you’ll find a fine dining restaurant called the Cochise Geronimo Clubhouse, which serves up gourmet cuisine with a Southwestern flair. For a more casual meal, head to the Sonoran Clubhouse, where you can enjoy a burger and beer while taking in the views of the nearby golf course.
If you’re in the mood for something sweet, be sure to stop by the club’s dessert bar, which offers a variety of decadent treats like chocolate truffles and crème brûlée.
Finally, if you’re considering making Desert Mountain Club your permanent home, you’ll be pleased to know that there are a variety of real estate options available. From custom-built homes to luxury condos and villas, there’s something to suit every taste and budget. And with breathtaking views of the surrounding desert landscape and easy access to all the amenities of the Club, it’s no wonder that Desert Mountain Club is one of the most sought-after communities in the Scottsdale area.
In conclusion, a tour of Desert Mountain Club is a must for anyone visiting the Scottsdale area. With its stunning golf courses, world-class spa and fitness center, and variety of dining options, it’s easy to see why this community is considered one of the best in the region. So whether you’re a golfer, a foodie, or just looking for a little rest and relaxation, be sure to put Desert Mountain Club on your list of must-see destinations.
Are you looking to buy, sell, or invest in the greater Phoenix area? If so, you’re sure to be excited by all of the fantastic developments going on. Major new businesses are either moving in or expanding their operations in Phoenix. Everything from agribusiness to new hotels to electric vehicles are either coming to or growing in Phoenix. I’ve got a list of the most significant developments in the Phoenix area for you today, and you will not want to miss it.
1. Global Ambassador Hotel. This 141-room hotel will be led by Dirks Bentley, Larry Fitzgerald, and Devon Booker. It will be located in the Arcadia area in the Grove Neighborhood.
2. Intel Expansion. Chips make the world go round, and Intel is constructing a $20 billion expansion that will create roughly 3,000 new jobs.
3. Arizona Fresh Agri-food Innovation Center. This will be located in the West Valley and is being developed by Peoria-based Plaza Co. The 1.2 million square foot center will feature a distribution center, farmers market, and more.
4. Electric Vehicle Expansion. Lucid Motors in Casa Grande and Nikola Corporation are expanding in the area. Nikola’s new hub will be part of its push toward hydrogen production.
5. Pinal County Industrial Growth. Procter & Gamble is investing $500 million in Coolidge, and Casa Grande will see Kohler coming into the area. Eloy has countless semiconductor manufacturers in the region as well.
6. Data Center Growth. Facebook has the largest infrastructure development in Phoenix in East Mesa. We also have Stack Infrastructure building a site in Phoenix and in Glendale.
7. Virgin Galactic. Mesa will be the home of the final assembly manufacturing facility for Virgin Galactic’s spaceships. It will bring on hundreds of new jobs and produce up to six ships per year.
8. Battery Manufacturing Facilities. Idaho-based Kore Power is starting construction on a battery plant in Buckeye. LG is also looking at a $1.4 billion investment in the valley.
9. 250 Rio. This will be an iconic office building in Tempe. It’s a 14-story structure in the Ash Avenue area with plenty of space for retail and other amenities.
10. Electrameccanica. This Canadian-based three-wheeled car manufacturer is relocating its headquarters to Mesa.
11. TSMC. They are spending $40 billion on two factories in AZ. They will be producing silicon wafers to produce chips. This will eventually lead to 4,500 new jobs.
12. Skysong. The last Skysong development will be breaking ground soon here in south Scottsdale.
13. West Valley Retail Growth. Hundreds of millions of square feet of retail space are going up all over the west valley.
14. Nestle. In 2022, Nestle announced they would build a new Coffee Creamer plant in the west valley. On site will also be the makers of Red Bull and White Claw.
15. Developer George Oliver. This man paid $61 million and will infuse another $52 million into a building in Biltmore. Anything with his name attached is sure to be huge.
16. Esplanade. Four of the five buildings there were just purchased for remodeling by factors in New York and Philadelphia.
17. Discount Tire. This huge distributor and retailer is going wild in Phoenix. They are moving to a new headquarters in North Phoenix, which is just massive.
18. Surf Parks. Two different surf parks are coming soon to the Phoenix area. The first will be in Mesa, called Cannon Beach. The City of Maricopa will also be getting a 71-acre park.
19. Metro Center Mall. Redevelopment is getting underway on this long-disused mall. The whole area will be refreshed with new housing, retail, and parking.
20. Scottsdale Fashion Square. This area is getting a massive new modern makeover. They will start construction of a massive hotel called Caesar’s Republic. There will be a luxury fitness center and apartment complex coming as well.
21. Via Resort and Mattel Adventure Park. It’s a $1 billion resort that will include multiple hotels, an artificial lake, as well as a huge theme park based on the Mattel family of properties.
As always, thank you for checking out my list. If you have any questions about the exciting developments coming to Phoenix or real estate in general, please call or email me. I am always happy to help you with any of your real estate needs.
Phoenix, Arizona has been undergoing rapid growth and development in recent years. Here are some of the biggest developments currently taking place in the city:
Expansion of Light Rail System: The Valley Metro Light Rail system is expanding to meet the increasing demand for public transportation in Phoenix. The expansion will include adding new routes, more trains, and more stops, making it easier for residents to get around the city.
Development of New High-Rise Buildings: The city is undergoing a construction boom, with many new high-rise buildings being developed in downtown Phoenix and other areas. These buildings are providing much-needed housing and office space, as well as a boost to the local economy.
Renovation of Historic Buildings: Many of Phoenix’s historic buildings are being renovated and repurposed to meet the needs of the growing city. For example, the historic Orpheum Theater has been restored and now serves as a venue for concerts, theater performances, and other events.
Expansion of Healthcare Services: The city’s healthcare sector is growing, with new hospitals and medical facilities being built to meet the needs of the growing population. The Phoenix Children’s Hospital has recently completed a major expansion project, adding new patient rooms, surgical suites, and a state-of-the-art emergency department.
Growth of Tech Industry: The tech industry is also growing in Phoenix, with many new companies setting up shop in the city. This is due in part to the city’s favorable climate and affordable cost of living, which are attractive to tech professionals.
Overall, Phoenix is undergoing significant development and growth, with new construction projects and expanding businesses helping to create jobs and improve the quality of life for residents. These developments are helping to make Phoenix a thriving, dynamic city with a bright future ahead.
A $1 Million Dollar Home in Scottsdale: A Dream Come True
Scottsdale, Arizona is one of the most beautiful and affluent cities in the United States. With its warm weather, stunning desert landscape, and world-class amenities, it’s no wonder that so many people are drawn to this city. If you’re looking for a luxurious home, a $1 million dollar home in Scottsdale might be just what you’re looking for.
A $1 million dollar home in Scottsdale is a reflection of the city’s upscale lifestyle. These homes are often spacious, with multiple bedrooms and bathrooms, and they’re often equipped with high-end finishes and features. From granite countertops to stainless steel appliances, these homes have everything you need to live in style and comfort.
The exterior of a $1 million dollar home in Scottsdale is just as impressive as the interior. These homes are typically built with premium materials, such as stone and stucco, and they often feature large patios, swimming pools, and beautiful landscaping. Whether you’re looking for a place to entertain guests or a peaceful place to relax, a $1 million dollar home in Scottsdale has something to offer.
One of the biggest benefits of living in a $1 million dollar home in Scottsdale is the location. These homes are often located in some of the city’s most desirable neighborhoods, such as McCormick Ranch, Troon, and Gainey Ranch. These neighborhoods offer residents access to world-class amenities, including golf courses, tennis courts, and swimming pools. Additionally, Scottsdale is home to a thriving arts scene, with numerous galleries, museums, and theaters to explore.
If you’re looking for a luxurious lifestyle in a beautiful and upscale city, a $1 million dollar home in Scottsdale might be just what you’re looking for. Whether you’re a first-time homebuyer or an experienced real estate investor, a $1 million dollar home in Scottsdale is a great investment that is sure to provide you with years of comfort and satisfaction.
In conclusion, if you’re looking for a place to call home that offers the best of luxury, comfort, and beauty, a $1 million dollar home in Scottsdale is a great choice. With its warm weather, stunning desert landscape, and world-class amenities, you’ll never want to leave this beautiful city. So why wait? Start your search for the perfect $1 million dollar home in Scottsdale today!
The Fairmont Princess Resort in Scottsdale, Arizona is a luxury resort that offers guests a relaxing and memorable experience. Whether you’re planning a family vacation, a romantic getaway, or a corporate retreat, the Fairmont Princess has everything you need for a truly enjoyable stay. In this blog, we’ll cover everything you need to know about the resort, from its location and amenities to its dining options and activities.
Location: The Fairmont Princess Resort is located in the heart of North Scottsdale, Arizona, just minutes away from the famous Salt River Fields at Talking Stick and the Scottsdale Quarter shopping center. The resort is also close to a variety of other attractions, including golf courses, spas, and museums.
Amenities: The Fairmont Princess Resort offers a variety of luxurious amenities to ensure a comfortable and memorable stay. The resort features 596 rooms, including standard rooms, suites, and executive suites, each with its own private balcony or patio. Guests can take advantage of the resort’s outdoor swimming pool, hot tub, and fitness center, or enjoy a relaxing massage at the Willow Stream Spa. Other amenities include a business center, meeting rooms, and a gift shop.
Dining: The Fairmont Princess Resort offers several dining options for guests to choose from. The resort’s main restaurant, La Hacienda, serves a variety of international cuisine, including Mexican, Italian, and American dishes. The restaurant also features an outdoor patio and a bar. The resort also has a poolside bar and grill, as well as a coffee shop. Room service is also available for those who prefer to dine in the comfort of their own room.
Activities: The Fairmont Princess Resort offers a variety of activities for guests to enjoy. The resort features two 18-hole golf courses, as well as tennis courts and a fitness center. Guests can also participate in a variety of outdoor activities, including hiking and horseback riding. The resort also offers a children’s program, which includes activities and games for kids of all ages.
In conclusion, the Fairmont Princess Resort in Scottsdale, Arizona is a luxury resort that offers guests a relaxing and memorable experience. With its convenient location, luxurious amenities, and diverse dining options, the resort is the perfect place for a family vacation, a romantic getaway, or a corporate retreat. Whether you’re looking to relax, play, or explore, the Fairmont Princess has something for everyone. Book your stay today and experience the beauty and luxury of the Fairmont Princess Resort.
As the new year of 2023 begins, it’s important for residents of Arizona to be aware of the state’s income tax laws and regulations. In this blog, we will go over the key information that you need to know about Arizona’s state income tax in 2023.
Arizona is one of the few states in the U.S. that does not have a state income tax. This means that residents of Arizona do not have to pay a state income tax on their personal or business income. This has been the case since the state’s founding, and it has been a major factor in attracting residents and businesses to the state.
However, it’s important to note that although there is no state income tax in Arizona, residents still have to pay federal income tax as well as other state taxes, such as sales tax and property tax.
In addition to the lack of a state income tax, Arizona also offers a number of tax credits and incentives for residents. For example, there is a tax credit available for residents who make a donation to a qualifying school tuition organization, and there are also tax incentives available for businesses that invest in research and development activities.
It’s also important to note that while Arizona does not have a state income tax, it does have a transaction privilege tax, which is a tax on the privilege of conducting business in the state. This tax is typically paid by the business and is based on the gross revenue generated by the business.
In conclusion, if you’re a resident of Arizona, it’s important to be aware of the state’s tax laws and regulations. Although there is no state income tax, residents still have to pay federal income tax as well as other taxes, such as sales tax and property tax. Additionally, Arizona offers a number of tax credits and incentives, making it an attractive place to live and do business. If you have any questions about Arizona’s tax laws, it’s always best to consult with a tax professional for the most accurate and up-to-date information.
Phoenix, the capital city of Arizona, has been known for its fast-growing real estate market. Over the past few decades, the city has witnessed a significant increase in population, resulting in high demand for housing. However, recent reports indicate that Phoenix’s home appreciation is tanking, which is affecting the real estate market. In this blog, we’ll take a closer look at the reasons behind this trend and its impact on the city’s real estate market.
Why is Phoenix Home Appreciation Tanking?
Overbuilding: One of the main reasons behind the drop in home appreciation in Phoenix is overbuilding. The city experienced a construction boom in recent years, resulting in a large number of new homes being built. This has led to a surplus of housing, which has put downward pressure on home prices.
Rising Interest Rates: The Federal Reserve’s monetary policy has led to a rise in interest rates, making it more expensive for buyers to finance a home. This has reduced demand for housing and put downward pressure on home prices.
High Levels of Supply: The overbuilding of homes in Phoenix has resulted in high levels of supply, which has made it harder for sellers to sell their homes at a premium price. This has put downward pressure on home prices, leading to a drop in home appreciation.
Economic Uncertainty: The current economic climate is characterized by high levels of uncertainty, with many people feeling insecure about their jobs and financial future. This has reduced demand for housing and put downward pressure on home prices.
Impact on the Real Estate Market
The drop in home appreciation in Phoenix has had a significant impact on the real estate market. Sellers are finding it harder to sell their homes at a premium price, while buyers are becoming increasingly cautious about purchasing a home. This has led to a slowdown in the real estate market, with fewer homes being sold and lower prices being achieved.
In conclusion, the tanking of Phoenix home appreciation is a complex issue with multiple factors contributing to it. However, the impact on the real estate market is clear, with sellers struggling to achieve premium prices and buyers becoming more cautious. It remains to be seen how the market will recover, but in the meantime, buyers and sellers must be aware of the current trend and adjust their expectations accordingly.
Super Bowl 57: A Much-Anticipated Event in Arizona
The biggest event in American football, Super Bowl 57, is coming to Arizona and football fans are in for a treat. The Super Bowl, which will take place on February 12, 2023, at the State Farm Stadium in Glendale, Arizona, is an event that is eagerly awaited by millions of fans every year. This year’s Super Bowl is expected to be one of the most exciting and anticipated in recent history, with two top-notch teams set to square off in a battle for the championship.
Super Bowl 57 is more than just a football game. It is a celebration of the sport and the culmination of a season-long journey for the two teams that made it to the championship game. The Super Bowl is also a showcase of the best in entertainment, food, and drinks. It is a time for friends and family to come together to enjoy a day filled with excitement, competition, and good times.
For Arizona, hosting the Super Bowl is a significant event. It is a testament to the state’s commitment to providing world-class facilities and hosting events that bring people from all over the world together. The State Farm Stadium, which will host the Super Bowl this year, is a magnificent facility that has hosted many major events in the past, including the 2015 Super Bowl. The stadium is equipped with state-of-the-art technology and amenities that will provide a great viewing experience for fans in attendance.
In addition to the game, there are many events and activities that will be taking place in Arizona leading up to Super Bowl 57. Fans will have the opportunity to attend events such as the NFL Experience, a fan festival that features interactive games, autograph sessions with NFL players, and more. Additionally, there will be concerts, parties, and other events that will take place in the days leading up to the Super Bowl.
Super Bowl 57 is sure to be an event that will be talked about for years to come. Whether you are a die-hard football fan or just someone who enjoys a great day of sports and entertainment, the Super Bowl is an event that you won’t want to miss. So, mark your calendars and get ready for an unforgettable experience in Arizona this February.
In conclusion, Super Bowl 57 is an event that promises to be an unforgettable experience for fans from around the world. With two top-notch teams set to face off in a battle for the championship, a world-class facility to host the game, and a lineup of events and activities leading up to the big day, this year’s Super Bowl is sure to be one for the books. So, don’t miss your chance to be a part of this once-in-a-lifetime event in Arizona.