Jesse

Mortgage Interest Rates

Mortgage Rates Slightly Ease: Opportunities Dawn for Homebuyers and Arizona Investors

Mortgage interest rates have continued to show signs of improvement, with rates for both 30-year fixed and 15-year fixed mortgages falling slightly compared to last week. The average 30-year fixed mortgage rate is now hovering around 6.87%, providing a bit of relief to potential homebuyers facing the ongoing affordability challenges in the housing market. While…

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Here are a few attention-grabbing title ideas for that topic: – “Inflation Holds Steady in July: What It Means for Arizona Real Estate Investors” – “July Inflation Remains Mostly Flat Amid Mixed Price Changes” – “Stable Inflation in July Signals Mixed Outlook for Arizona Housing Market” – “Inflation Pauses in July—Key Insights for Arizona Property Investors” – “July Inflation Levels Off as Rent and Car Insurance Prices Tick Up”

**Inflation Remained Mostly Level in July** Inflation in the United States held largely steady in July, as reported by the latest Consumer Price Index data. Although overall price increases were modest, certain categories such as rent and car insurance experienced higher costs, partially offset by drops in areas like used vehicles and airline fares. The…

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GDP Growth Accelerates to 2.3% in Q2 2025 as Corporate Profits Climb — What This Means for Arizona Real Estate Investors

**Gross Domestic Product (GDP) and Corporate Profits – Q2 2025 Update** The U.S. Bureau of Economic Analysis released its second estimate for gross domestic product (GDP) growth in the second quarter of 2025, revealing that real GDP increased at an annual rate of 2.3 percent. This growth primarily reflected increases in consumer spending, nonresidential fixed…

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Arizona Home Sales

Arizona Rehab Employee Accused of Illegally Buying Sober Homes, Exploiting Vulnerable Residents

An employee at an Arizona drug and alcohol rehabilitation facility has been accused of illegally buying homes that previously served as sober living environments. Authorities allege the employee took advantage of vulnerable individuals who were struggling with addiction, transferring ownership of the properties under suspicious circumstances. The investigation revealed instances where paperwork was allegedly falsified…

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Arizona Housing Prices

California Developer Sentenced to Six Years in Prison for Bribery Scheme Involving LA County Official and USC University Funds

A California real estate developer has been sentenced to six years in federal prison after admitting to bribing a Los Angeles County official with cash, concert tickets, and other benefits in exchange for help securing approval for a major residential project. The developer, David Lee, pleaded guilty to participating in a pay-to-play scheme involving former…

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