With rents and home prices skyrocketing in the Grand Canyon State, renters received some relief as the state Legislature’s repeal of the residential rental tax went into effect on New Year’s Day. According to Arizona State University, rents have skyrocketed by 72% recently, partly because of a statewide housing shortage of over 65,000 units. Rather…
By: Federal Reserve Governor Michelle Bowman said on Friday she still expects declining inflation to allow further interest rate cuts this year, but feels rising wages, buoyant financial markets, geopolitical risks, and upcoming administration policies could slow the process and keep price pressures elevated.”Core inflation remains elevated, but my expectation is that it will moderate further this year. Even…
U.S. home prices and rents have risen dramatically relative to people’s incomes since the start of the 21st century, fueling a severe housing … See the full Housing Inventory article, or, read more Arizona real estate investing news. Up to you! Either way, you’re on your game!
By: Forbes Breaking News New 325K views · 8:03 · Go to channel · Economist on Bank of Japan raising interest rates to highest in 17 years. CNA New 11K … See the full article on mortgage interest rates, or, read more Arizona real estate investing news.
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BUCKEYE, Ariz. – Beneath the exhausting Sonoran sun, an hour’s drive west of Phoenix, heavy machines are methodically scraping the desert bare.Where mesquite and saguaro once stood, the former Douglas Ranch is being graded and platted in the first phase of a national real estate developer’s gargantuan plan that foresees, in the next few decades,…
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PHOENIX — A bipartisan group of state lawmakers says they must act this session to lower housing costs for Arizona homebuyers. “Bottom line, we have to do something this year,” said State Rep. Leo Biasiucci, R-District 30, who is sponsoring the Arizona Starter Homes Act. “We have to. This is something we need to get…
The ASU report’s findings are based on spending by visitors and students, business-to-business transactions and employee spending in the state. AI-assisted summaryArizona State University contributed an estimated $32 billion to Arizona’s economy from 2023 to 2024, a new report says.The university’s impact on the state’s economy is eight times greater than the Super Bowl, ASU…
By: Stock market today Wall Street slips after the Federal Reserve keeps interest rates steady; Fed hold rates steady, says job market is ‘solid’ while … See the full article on mortgage interest rates, or, read more Arizona real estate investing news.