Challenges in the debt market had a significant impact on office trades in Phoenix.Charlie von Arentschildt, first vice president of CBRE Group Inc.’s Capital Markets and Institutional Properties, said the volume of office sales was down about 70% this year from 2022.”The buildings that are particularly hard to get financing for are those that aren’t…
By: The Personal Consumption Expenditures (PCE) Index, one of two major … Combined with other recent data showing disposable personal income and consumer … See the full article on Personal Consumption Expenditures, or, read more Arizona real estate investing news. It’s your call!
By: An Arizona father and son were arrested on drug and weapons charges … Interest rates may have peaked. Should you buy a CD, high-yield savings … See the full article on mortgage interest rates, or, read more Arizona real estate investing news.
The number of people filing for unemployment benefits for the first time last week increased modestly by 2,000 from the week before to a seasonally adjusted 205,000 applicants. The number of people filing for unemployment benefits for the first time last week increased modestly by 2,000 from the week before to a seasonally adjusted 205,000…
By The latest signal of inflation’s retreat is in the books as the year comes to an end.Price increases cooled last month, adding credence to the belief that the Federal Reserve is very likely to start cutting rates as early as March, said Jamie Cox, managing partner for Harris Financial Group.”Disinflation is in the data…
Howard Fischer PHOENIX — Developers in the Phoenix area want lawmakers to alter 43-year-old laws that restrict construction in areas without adequate water supplies.In a news release Thursday, the Home Builders Association of Central Arizona is not disputing that the Arizona Department of Water Resources concluded areas around Buckeye and Queen Creek do not have…
The pace of growth in Midland’s labor market increased in November with the unemployment rate falling to 2.2%. A worker connects a drill bit on a rig outside Midland.Brittany Sowacke/BloombergMidland’s labor market heated up in November, recording sharp growth in job count, labor force and number of employed.The Texas Workforce Commission said Friday unemployment in…
By: Eastern of the Personal Consumption Expenditures report, the Fed’s preferred inflation gauge. It’s been a banner year for markets. Investors … See the full article on Personal Consumption Expenditures, or, read more Arizona real estate investing news. It’s your call!
By: The report advised central bankers to hold the line on higher interest rates if they wish to tame inflation. … Montezuma Castle among Arizona national … See the full article on mortgage interest rates, or, read more Arizona real estate investing news.
By The Federal Reserve’s preferred inflation gauge, the PCE Index, showed inflation continued to cool in November. But that doesn’t mean Americans are feeling a tremendous amount of relief when they go to the store.As Economic Cycle Research Institute Co-Founder Lakshman Achuthan explains “the rate of inflation is coming down, but it doesn’t mean that…