Alisia Espiriti - Real Estate Professional

Alisia Espiriti  - Real Estate Professional Real Estate Education. Inspiring Ideas and Strategically Selling Homes.

02/04/2026

A growing number of states are moving beyond typical property tax tweaks and instead pushing to eliminate the tax altogether, driven by voter frustration, rising home assessments, and affordability pressure on long-time homeowners.

North Dakota, Georgia, Florida, Texas, and Indiana are at the center of this shift, though each is taking a different path to replace the revenue that funds schools and local services. Economists note the push is strongest in places with either high tax burdens, like Texas, or sharp increases in home values that have inflated tax bills.

10/31/2025
10/22/2025

A construction boom is underway in Arizona as investors scoop up thousands of acres to fuel the rise of AI and tech infrastructure. Bill Gates’ Microsoft, Google, and Meta are all moving to secure land in Arizona as the state becomes a hotspot for technology and AI.

09/15/2025

Look like a good land Investment location to me.
08/07/2025

Look like a good land Investment location to me.

It’s official: the Commercial Port of Entry is on its way!

*sign is fixed*

06/25/2025

ADOT's study of passenger rail between the Phoenix and Tucson areas is ready to take an important step forward.

The Federal Railroad Administration has approved ADOT’s submissions in the first step of the Corridor Identification and Development Program: a scope, schedule and budget for preparing a Service Development Plan that will outline key elements necessary for establishing passenger rail service. Work on the Service Development Plan can begin after approval of a federal grant, which is expected in the coming weeks.

“This is a big step forward for Arizona,” said Governor Katie Hobbs. “I am committed to creating a bright transportation future for our state that fosters economic growth, creates jobs and expands transit opportunities for working people and families.”

“We see passenger rail connecting the Phoenix and Tucson areas as an important addition to transportation options for Arizona,” said ADOT Director Jennifer Toth. “It holds the promise of more economic growth and employment while enhancing mobility for rural areas and families in communities between Phoenix and Tucson.”

Completing the Service Development Plan is expected to take two to three years. Among other things, this plan will:

-Identify the number and location of stations along the route based on travel data analysis, technical feasibility, and access to jobs, schools and airports

-Identify infrastructure improvements that will be needed, such as additional track or maintenance facilities

-Forecast ridership and revenues, determine the number of trips and travel time, estimate capital and maintenance costs, and develop a plan for phasing in service

The proposed Phoenix-Tucson passenger rail corridor, which extends approximately 160 miles between Tucson and Buckeye, was selected in late 2023 for the Corridor Identification and Development Program.

The Federal Railroad Administration launched this program to guide the development of new and enhanced intercity rail services. Federal partners have advised that completing the steps required of participants may lead to selection preference for future funding opportunities.

ADOT’s approved budget to complete the Service Development Plan is $10.6 million. As part of the program, ADOT used a $500,000 federal grant to complete the first step in the Corridor Identification Program.

Completing the Service Development Plan will qualify ADOT for the third and final step of project development: completing a Tier 2 National Environmental Policy Act (NEPA) engineering and environmental study. That step is expected to take two to three years and would come with a federal grant requiring a 20% state match.

As part of her commitment to enhance transportation safety while creating jobs and spurring economic growth, Governor Hobbs committed $3.5 million to support planning for passenger rail service between Phoenix and Tucson.

While no funding has been identified to establish passenger rail, this planning effort will explore potential funding options for construction and implementation. It will be up to policymakers to identify potential funding opportunities for the project implementation, including design, right-of-way costs and construction.

To guide the study of potential passenger rail service, ADOT established an Executive Leadership Team that includes the Governor’s Office, ADOT, and metropolitan planning organizations for Maricopa, Pima, and Pinal counties. Coordination with planning organizations on the Executive Leadership Team helps ensure that planning for passenger rail aligns with regional priorities and facilitates coordinated decision-making and advocacy.

06/23/2025

Homeownership remains a reliable wealth builder, and it's widening the net worth gap between owners and renters, even in uncertain economic times.

According to the latest Federal Reserve Survey of Consumer Finances, the average U.S. homeowner has a net worth of $430,000. In contrast, the average renter’s net worth is just $10,000.

That means homeowners are, on average, 43 times wealthier than renters.

"Many homeowners have been able to ride the wave of home price appreciation over the last five years, which has added to the homeowner net worth substantially," says Realtor.com® senior economic research analyst Hannah Jones.

"Rapid price appreciation also gave existing homeowners the opportunity to cash in on home equity and level up into a larger or more desirable home, while renters were not able to take advantage of recent housing market dynamics in the same way."

What the future holds for renters: https://rltor.cm/zb2hv6

12/10/2024

If you own a home: You likely gained six figures in equity since 2019.

“A typical homeowner accumulated $147,000 in housing wealth in the last five years,” said National Association of Realtors® Chief Economist Lawrence Yun in the latest quarterly report.

That’s a profit of $29,400 per year—nearly half of the average U.S. salary.

Approximately 90% of metros experienced home price gains in the third quarter of 2024, as the 30-year fixed mortgage rate ranged from 6.08% to 6.95%. “Home prices remain on solid ground as reflected by the vast number of markets experiencing gains,” said Yun.

The national median single-family existing-home price grew 3.1% from a year ago, to $418,700, according to the NAR.

See the full report: https://rltor.cm/xx5gkf

08/18/2024

Home sellers have traditionally offered a blanket commission to a buyer’s agent when they listed their home on the market.

08/15/2024

Who pays the real estate commission and closing costs: the homebuyer or the seller?

A recent settlement by the National Association of Realtors® (NAR), effective Aug. 17, has led to changes in broker commissions. This settlement includes revisions to how real estate commissions are disclosed and negotiated, aiming to increase transparency and fairness for homebuyers and sellers.

In the past, sellers typically paid both the buyer’s and seller’s agent fees. As of Aug. 17, buyers are now responsible for compensating their agent. However, as a seller, you still have the option to offer compensation to the buyer’s broker.

📕 Learn more about real estate agent commissions, and key points to consider when negotiating real estate commissions: https://rltor.cm/xdd2gb

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