“What is happening now is the interest rates are currently around 7.5% and there are rumors that they are going to be pushing over 8% in the next few weeks, but because our market is in such high demand … ,” said Sindy Ready, first vice president for Arizona Realtors. “According to the Arizona Association of Realtors, the median sale price of Arizona homes declined by more than 6% from May 2022 to May 2023, meaning homes in vacation destinations like Lake Havasu City may now be much more affordable than they were before.” Arizona fares slightly better as high mortgages, low inventory hit home sales “Second, under the standard Arizona Association of Realtors purchase contract, if you believe the buyer is not acting in good faith, you and the buyer will have to mediate this $20,000 earnest money dispute.” Lake Havasu City Real Estate: New Single Family Pool Home Listings Announced “We’ve always opposed those things because they go against someone’s private property rights and uses of their property.” What happens if a home buyer backs out during the inspection period for a bogus reason? I believe they have some kind of spacing proposal as well,” Tom Farley, a lobbyist for the Arizona Association of Realtors, told The Center Square Friday. I’ve only heard about it, and it’s similar to efforts that have been tried in the recent past, which is, you know, capping the number of short-term rentals. “So I have not specifically reviewed what Scottsdale is proposing. “Lobbyist Tom Farley, who represents the Arizona Association of Realtors, said the group would have to see any proposed legislation before taking a position, but it has historically opposed “things like caps that take away from people’s private property rights.” Scottsdale short term rental restriction proposals gain powerful ally Short-term rental critics want more regulatory power for cities Lone Wolf Transactions (Transaction Desk) (Authentisign).Arizona Real Estate: A Professional’s Guide to Law and Practice.RAPAC: REALTORS® of Arizona Political Action Committee.
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