What's Brewing in Real estate?

Hello all,
I hope the following information is useful. If you are still looking to buy we have until April 30th to get a contract in. Get pre-approved and let's go shopping.



Proposal to slash business property taxes on the table - Large commercial property tax breaks are included in a tax-cut plan under consideration at the Arizona Legislature. Business property taxes, which currently are as high as 20%, could be cut to 1% for 10 years for developers, property owners or businesses making building renovations or doing new construction of $250 million or more. These entities also must hire at least 150 new workers for their projects and qualify under Arizona Department of Commerce rules aimed at attracting and retaining high-wage jobs with benefits. Capital investments and developments of $1 million to $250 million that create at least 15 jobs could result in a 5% property tax rate, down from 20%.
http://www.bizjournals.com/phoenix/stories/2010/04/19/story2.html?b=1271649600^3199621&s=industry&i=commercial_real_estate

Real Estate Outlook: Faster Recovery? - It's been a long time since we've seen the Wall Street Journal run a front-page article suggesting that the national economy appears to be rebounding faster than most analysts forecast. But that happened last week. And over the past couple of years, we haven't seen retail sales -- a key barometer of consumer confidence -- jump by almost two% in a single month. But we saw that last week as well. Housing activity is also up in 11 of the 12 bank districts. Freddie Mac's economists expect to see total home sales this year at least 10% higher than last year, even with the possibility of higher mortgage interest rates.
http://realtytimes.com/rtpages/20100419_realestateoutlook.htm


Take Care,

Patty