Jesse

Arizona Housing Prices

U.S. Faces a Critical 3.2 Million Home Shortage: Driving Up Prices and Straining Markets—Arizona’s Housing Crisis Worsens

The U.S. is facing a severe housing shortage, with a deficit of approximately 3.2 million homes nationwide, according to real estate data. This shortage is a key factor driving up prices, especially in fast-growing states like Arizona. High demand coupled with limited supply has strained the market, pushing homeownership out of reach for many. Experts…

Read More
Mortgage Interest Rates

October Fluctuations: Mortgage Refinance Rates Hover Around 7.72% Amid Market Volatility

Mortgage refinance interest rates are seeing notable fluctuations this October, with the average 30-year fixed refinance rate hovering around 7.72%, according to data from Bankrate. While this is slightly lower than the highs seen earlier in the year, it’s still considerably above the historically low rates of recent years. Experts suggest comparing multiple loan offers…

Read More

Urgent Recall at Bureau of Labor Statistics to Finalize September Inflation Report—What Arizona Real Estate Investors Need to Know

**Bureau of Labor Statistics Recalls Workers to Prepare Key Inflation Data** The Bureau of Labor Statistics (BLS) has requested that some employees return to work, despite ongoing government funding uncertainties, in order to finish gathering and analyzing data for the upcoming September inflation report. This crucial inflation data is watched closely by policymakers and economists,…

Read More
Mortgage Interest Rates

Mortgage Rates Edge Up to 7.37%: Navigating Homebuying and Investing in a Fluctuating Market

Mortgage rates have seen slight fluctuations, with the average 30-year fixed mortgage rate currently sitting at 7.37%, up slightly from the previous day’s average. At the same time, 15-year fixed mortgage rates are averaging 6.67%. Homebuyers continue to face challenges from both high interest rates and elevated home prices, making affordability a key issue in…

Read More

Devaluation vs Inflation: Understanding Their Impact on Currency, Economy, and Arizona Real Estate Investing

**Devaluation vs Inflation** Devaluation and inflation are two key economic concepts that can impact the value of a country’s currency and the purchasing power of its residents. Devaluation refers to a deliberate downward adjustment of a country’s currency value relative to other currencies, often executed by the nation’s government or central bank. This is typically…

Read More
Arizona Housing Prices

Arizona Supreme Court Expands Self-Defense Rights Inside the Home: Ruling Sets New Legal Precedent for Domestic Self-Protection

The Arizona Supreme Court has ruled that the state’s self-defense laws apply inside the bedroom, setting a precedent for future cases involving claims of personal protection within the home. The decision came in response to a case where a woman fatally shot her partner during a domestic dispute and claimed self-defense. The court emphasized that…

Read More