home purchase; corporate buyer restriction

HB 2360 restricts businesses from purchasing single-family homes in Arizona unless the property has been listed for sale for over 60 days or the asking price changes (which resets the clock). This law directly affects corporations or business entities seeking to buy residential properties. The key provision requires a mandatory 60-day market period before a business can purchase a single-family home, with price changes restarting the countdown. The bill aims to limit corporate buying in the residential housing market by creating a waiting period for such transactions.