By Former White House economist Kevin Hassett shares what to expect ahead of the release of July’s CPI on ‘The Evening Edit.’ A high-stakes inflation report due Thursday expects to show that price pressures within the economy heated in July for the first time in more than a year. Economists expect the consumer price index,…
Preliminary numbers show unemployment reached 1.7 percent in Maryland, 2.5 percent in the Washington metro area, and 3.6 percent nationally in June. Preliminary numbers show unemployment reached 1.7 percent in Maryland, 2.5 percent in the Washington metro area, and 3.6 percent nationally in June. See the entire article on Arizona’s unemployment, or, read more Arizona…
By: By Michael LebowitzThe economy has marched forward, ignoring higher interest rates and consistent calls for a recession. Credit goes to “We The People,” the citizens of the U.S. A shout-out also goes to Uncle Sam for showering us with trillions of dollars of stimulus during the pandemic to fuel consumption. Understanding why the economy has…
Kansas City-based Bar K has fetched an acquisition deal that will catapult bold expansion plans.Arizona-based Diversified Partners, a commercial real estate brokerage and development company, has been working on the deal for two years. Now the acquisition is in escrow.Diversified Partners wants to open 100 new Bar K locations across the U.S. and Canada by…
The advent of artificial intelligence (AI) has been sending shockwaves across nearly every industry, and real estate is no exception. While our industry is notorious for its lethargic adoption of new technologies, it is inevitable that AI will reshape many of the traditional and archaic processes that exist today. Those unwilling to embrace and adopt…
By: In 2021, Arizona’s growing outdoor recreation economy contributed more than $9.8 … Research Banks with Highest Interest Rates for Savings. See the full article on mortgage interest rates, or, read more Arizona real estate investing news.
The Michigan Unemployment Insurance Agency is cracking down on fraud, overhauling its computer system and trying to upgrade its services. Issues plagued the Michigan Unemployment Insurance Agency when Director Julia Dale took the helm in October 2021.“There were any number of problems,” she said of the beleaguered department. “There’s the song that says ‘I have…
A development team has secured a large refinancing loan for a new, fully leased industrial park in Goodyear called “Yuma|143.”The joint venture with Phoenix-based Baker Development Corp., New York-based Foundation Capital Partners and GTIS Partners secured a $39 million refinance loan from Arizona Bank and Trust. The purpose of the loan was to create a…
By: Mortgage interest rates soared across the board last week, as the rate on the government’s low down payment option increased to the highest level in 21 years. See the full article on mortgage interest rates, or, read more Arizona real estate investing news.
By: The job market has cooled over the summer. But it’s still strong enough to defy predictions that higher interest rates would tip the United St… See the full article on mortgage interest rates, or, read more Arizona real estate investing news.