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The Market: Housing Market Update 3rd Quarter 2022

The Market: Housing Market Update 3rd Quarter 2022

Housing Market Update for Phoenix and neighboring communities including Scottsdale, Paradise Valley, Arcadia and Gilbert.

“Homes prices per square foot have appreciated 40.3% over the last two years.”

Sales of existing homes declined in the 3rd quarter as the housing market continues to undergo an adjustment due to rising interest rates according to national and local housing market economists. Home sale prices, however, increased from one year ago.

Arizona will have lowest tax rate in 2023

​Economic Growth ensures Arizona will have the lowest flat tax in 2023

The Arizona state income tax rate beginning January 1, 2023 will be a flat 2.5%, one year earlier than originally anticipated. Gov. Doug Ducey announced the news in a statement last Thursday. “It’s time to deliver lasting tax relief to Arizona families and small businesses so they can keep more of their hard-earned money,” he said.

The governor said the new lower rate is the result of the state’s historic revenue and “unprecedented economic growth.” Indeed, the state is forecast to have a budget surplus of more than $4 billion by 2024, and the Arizona economy is ranked #1 for economic performance.

By AZBigMedia.com

October Lifestyle | Fall Trends 2022

Fall Trends 2022 – Our Favorite Seasonal Looks for a Fall Home

Designers have offered their insight into the top fall trends for 2022 so that you can create the ideal space when the time to start decorating for fall is upon us. 
By Homes & Gardens