Category: Blog
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Everything First-Time Buyers Need to Know: Your Ultimate Guide for Phoenix, AZ
Buying your first home is an exciting milestone, but it can also feel overwhelming. Whether you’re searching for a cozy bungalow in Arcadia or a family-friendly home in North Phoenix, The Araizas Real Estate Team is here to guide you every step of the way. Our goal is to make your homebuying journey in Phoenix,…
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Top 10 Mistakes New Construction Buyers Make – And How to Avoid Them
Buying a new construction home is an exciting experience. The thought of moving into a brand-new home, built just for you, with no previous owners, is a dream for many. However, new construction purchases come with unique challenges, and many buyers make costly mistakes that could have been avoided with the right knowledge. What a…
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Arizona’s Housing Revolution: Understanding HB 2720 and HB 2721
Arizona has taken bold steps toward addressing its housing crisis with the passage of House Bills 2720 and 2721. These bills aim to increase housing options, promote affordability, and adapt urban living spaces by introducing accessory dwelling units (ADUs also known as casita’s) and middle housing. Here’s a comprehensive look at what these bills entail,…
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Arizona’s 2025 Rental Tax Relief: What It Means for You
As of January 1, 2025, Arizona has embarked on a historic move to eliminate the rental tax, known as the Transaction Privilege Tax (TPT), on long-term residential rentals. This legislative change, rooted in Senate Bill 1184 of the 2023 session, aims to provide financial relief to renters across the state. Here’s everything you need to…
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Family Life and Real Estate Insights in Arizona
Welcome to our blog! Here, we share valuable insights and expert tips on the latest trends in the Phoenix real estate market, alongside updates on Arizona luxury homes and happenings in AZ. But it doesn’t stop there—we also love sharing stories about family, life, and the moments that make Arizona feel like home. Whether you’re…
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The Pros and Cons of Down Payment Assistance Programs: What You Need to Know
Buying a home can be one of the most significant financial decisions in life, and for many buyers, coming up with the down payment can be a challenge. Down payment assistance (DPA) programs are often marketed as a lifeline for first-time homebuyers or those struggling to save enough. While these programs can offer a way…
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The Impact of Nationwide’s New Sub-4% Mortgage Rate: A Game Changer in a Competitive Market
In a significant move signaling increased competition among lenders, Nationwide has introduced a five-year fixed mortgage with an interest rate below 4%, effective from Wednesday. This offering, aimed at new customers with a 40% deposit who are moving home, marks the first time since February that Nationwide has offered rates below this threshold. A New…
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Federal Reserve Bank President Mary Daly Supports Potential Rate Cuts Amid Economic Data
In a recent roundtable with reporters, San Francisco Federal Reserve Bank President Mary Daly announced her support for cutting interest rates. This shift in stance comes in light of new economic data covering employment, inflation, GDP growth, and the broader economic outlook. “With the information we have received today, which includes data on employment, inflation,…
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Understanding NACA Mortgages: Key Benefits Explained
When I first heard about the Neighborhood Assistance Corporation of America (NACA), I was immediately intrigued by their mission to promote affordable homeownership across the United States. NACA is a non-profit organization dedicated to closing the racial wealth disparity gap by empowering underserved communities with access to favorable mortgage terms and financial assistance. Here’s why…
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Maximize Your Wealth with Rental Properties: A Guide
Investing in real estate, especially rental properties, is a time-tested way to build wealth and generate passive income. However, success in this arena isn’t guaranteed and requires careful planning, knowledge, and a strategic approach. Here are some essential tips for achieving success in rental property investments. 1. Research and Education Before diving into the rental…
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