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Thursday, December 5, 2019   /   by Juan Grimaldo

Arizona cities expected to be hit by 'silver tsunami' as boomers leave their homes

As senior citizens vacate their owner-occupied homes, markets like Phoenix and Tucson are expected to see large percentages of new vacancies.
Tucson and Phoenix are among the top U.S. cities expected to be hit by the “silver tsunami” or the amount of homes that become vacant as their owners, senior citizens, die or find other living accommodations, according to Zillow research.
According to the study, during the next 20 years, 27% of owner-occupied homes nationwide are expected to hit the market due to the death or otherwise being vacated by their owners, possibly causing negative economic ripple effects in regions most affected.
Roughly 34% of owner-occupied U.S. homes are owned by residents aged 60 or older, and 55% by residents aged 50 or older. As these households age and begin vacating housing, that could represent upwards of 20 million homes hitting the market through the mid-2030s.

Tucson is among the large metros studied that is expec ...

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Thursday, December 5, 2019   /   by Juan Grimaldo

Under Contract

Congratulations Ford Family!
We are under contract on your future home! 
We are one step closer to the goal! 
Thank you for trusting our team! 

What's my home worth? Click HERE!

Find the home of your dreams by clicking HERE!

Are you looking to buy or sell your home? 
Call us today!  480-365-8346.

Muchas felicidades familia Ford! 
Estamos bajo contrato! 
Un paso mas cerca a la meta! 
Gracias por confiar en nuestro equipo! 

Cuanto vale mi casa? Haga click AQUI! 

Encuentre la casa de sus sueños, haga click  ...

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Wednesday, December 4, 2019   /   by Juan Grimaldo

A guide to investing in Arizona’s opportunity zones

Those who invest in the opportunity zones and follow the specific guidelines laid out have the potential to receive substantial tax benefits.

The opportunity zone fund provision that was included in the 2017 Tax Cuts and Jobs Act has created significant hype in the business community, especially within the real estate industry. Whether you are looking for a new way to go to market with investors, or you are looking to take advantage of the tax benefits yourself, there may be an opportunity for you.
What are opportunity zones?
Opportunity zones are areas designated by the recent legislation as economically distressed communities — with the purpose of incentivizing investment in those areas. Those who invest in the opportunity zones and follow the specific guidelines laid out have the potential to receive substantial tax benefits.
Where are opportunity zones located?

Arizona submitted and received certification for 168 tracts, 84 of which are in Maricopa County and 28 of ...

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Tuesday, December 3, 2019   /   by Juan Grimaldo

Lucid Motors begins hiring, lays groundwork to make luxury electric sedans in Casa Grande.

The Lucid Air, Lucid Motors' first production luxury electric vehicle, will be built in Casa Grande.
As Lucid Motors Inc. looks to begin manufacturing its first all-electric, luxury vehicle at its Casa Grande plant in December 2020, the Newark, California-based startup promises a high-tech, spacious and comfortable vehicle unlike any other.
The all-electric Lucid Air sedan touts a 400-mile battery range, zooming from zero to 60 mph in under 2.5 seconds with standard features and options the company says “rival high-end benchmarks," as an obvious competitor to the high-end Model S made by rival Tesla Inc.
Peter Hochholdinger, Lucid’s new vice president of manufacturing, has some experience with that brand. He was previously vice president of production for Tesla. He says Lucid's car will stand apart because it’s “clearly a luxury product.” He joined the company in July with nearly 30 years of automotive manufacturing experience.
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Tuesday, December 3, 2019   /   by Juan Grimaldo

It’s ‘National Roof Over Your Head’ Day!

Did you know that each year in the United States, we celebrate “National Roof Over Your Head Day” on December 3rd?
As noted on the National Calendar, it was “created as a day to be thankful for what you have, starting with the roof over your head. There are many things that we have that we take for granted and do not stop to appreciate how fortunate we are for having them.”
From bungalows to cottages, and farmhouses to treehouses, today we show our appreciation and gratitude for the places we call home. Owning the roof that shelters us is something many renters still aspire to, knowing there are so many financial and non-financial benefits to homeownership.
According to the 2019 State of the Nation’s Housing from the Joint Center for Housing Studies of Harvard University,

“Cost-burdened renters now outnumber cost-burdened homeowners by more than 3.0 million. In addition, renters mak ...

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Keller Williams Realty Professional Partners - The Grimaldo Group
Juan Grimaldo
7025 West Bell Road #10
Glendale, AZ 85308

© 2019 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Juan Grimaldo / Sergio Rodriguez - Keller Williams Realty Professional Partners - The Grimaldo Group are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. December 5, 2019