Economic Signals Shaping Arizona Real Estate: Insights for Investors by Jesse Fisher
Economic updates show Arizona’s solid job growth, cooling inflation, and steady consumer confidence support cautious real estate investment opportunities.
Economic Indicators
Read More
Rising Inflation Sparks Homeownership Crisis: Skyrocketing Costs and Mortgage Rates Squeeze American Buyers and Arizona Investors Alike
Rising inflation is significantly increasing the cost of homeownership, making it harder for many Americans to purchase a home. Higher prices for goods and services, combined with elevated mortgage interest rates, are stretching household budgets thin. As a result, both first-time buyers and existing homeowners are finding it increasingly challenging to afford monthly payments, property…
Mortgage Rates Hover Slightly Higher: What Today’s Slight Rate Shifts Mean for Borrowers and Arizona Investors
Mortgage interest rates have shown slight movement, with the average 30-year fixed rate currently around 7.24%, reflecting a modest increase from earlier this month. Rates for 15-year fixed mortgages hover near 6.67%, while 30-year jumbo loans remain slightly lower at about 7.20%. Fluctuations in rates are influenced by broader economic indicators, including inflation data and…
PCE Inflation Inches Up in August: What This Means for Arizona Real Estate Investors
**PCE Inflation Rises in August** New data shows that the Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred measure of inflation, rose in August. Core PCE, which strips out volatile food and energy prices, increased 0.1% from the prior month and 3.9% over the past year. This marks a continued slowing in inflation’s…
Steady Waters: Mortgage Rates Hold Near 7% Amid Evolving Economic Signals
Mortgage interest rates have remained relatively stable this week, following a period of sharp fluctuations earlier this year. As of today, the average rate for a 30-year fixed mortgage holds steady just above 7%, while 15-year fixed rates are slightly lower, hovering around 6.5%. Market watchers are closely monitoring inflation data and Federal Reserve signals…
South Korea’s Inflation Cools in May: What This Means for Global Markets and Arizona Real Estate Investors
**South Korea’s Inflation Slows in May** South Korea saw its inflation rate slow in May, for the first time in three months. According to data from Statistics Korea, consumer prices rose 2.7 percent on-year in May, compared with a 2.9 percent increase in April. Core inflation, which excludes volatile food and energy prices, also rose…
Mortgage Rates Held Steady as 30-Year Fix Remains at 7.60%, While 15-Year Rises Slightly Amid Persistent Inflation Concerns
Mortgage rates showed mixed movement as of September 22, with 30-year fixed-rate mortgages holding steady at 7.60%, marking no change from the previous day. However, 15-year fixed-rate mortgages rose slightly to 6.81%, up by 7 basis points. These increases come as the Federal Reserve signaled a more prolonged period of elevated interest rates to combat…
Jesse Fisher: Insights on How Key Economic Indicators Are Shaping Arizona’s Real Estate Market in 2024
Jesse Fisher is a professional known for insights on economic trends impacting Arizona real estate investment strategies.
Silver Prices Set to Swing This Week: Fed’s Inflation Decision Holds the Key for Metals and Arizona Real Estate Investors
Silver prices are expected to be highly influenced this week by the Federal Reserve’s upcoming decision regarding inflation. Market participants are watching closely for new data and commentary from the Fed, with the core PCE index likely to play a pivotal role in shaping expectations. If inflation remains persistent, it could prompt the Fed to…
Unlocking Opportunities: Mortgage Rates Hit 3-Year Low — What Homebuyers and Investors Need to Know
Mortgage interest rates have recently dropped to their lowest point in three years, offering potential homebuyers and refinancers an unexpected opportunity. This decline comes as the Federal Reserve’s policies and concerns around slowing economic growth have impacted borrowing costs. For those looking to lock in a mortgage, experts advise acting quickly before rates rise again,…