Yesterday at the Arizona Mortgage Lenders Association meeting I spoke on the Arizona economy. I gave the presentation in the form of a quiz.
- Arizona will soon have the lowest state income tax out of all states that have a state income tax when the flat tax of 2.5% is fully implemented.
* The AZ Governor just signed a bill allocating $1 billion dollar to develop our water resources.
* On January 1, 2022 the AZ Homestead Exemption went to $250,000 from $150,000.
* The Arizona Department of Commerce reported that in Arizona there were 102,900 more people employed in May 2022 than May 2021. This equates to 282 people a day that got a job!
Then talked about our increasing inventory. Emphasized that this changing market dynamic brings opportunity!
If you are looking to sell or buy real estate in Arizona, contact me!602.648.1230.
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