By Grey Gartin Cronkite News Arizona’s unemployment rate fell in May to its lowest rate ever recorded, reaching a seasonally adjusted 3.4% and falling below the previous record of 3.5% recorded in August 2007, according to state data released Thursday.The job boom has yet to translate into popularity for President Joe Biden, despite steps he’s…
Scoring an attractive deal on a house in a popular market may seem like an impossible task, but a new report indicates that there are dozens of US cities that fit that description.The going rate for a single-family home jumped 5.7% from the prior year to $407,600 in April, according to data from the National…
PHOENIX (AP) — Arizona Gov. Katie Hobbs signed a series of fiercely negotiated budget bills into law on Tuesday, erasing a shortfall of over $1 billion by cutting back on higher education, trimming funding for state agencies and raiding some special funds.An agreement on the spending plan was announced over the weekend.“Despite facing a $1.8…
Don Barrineau is on a roll.The Phoenix division president of Orlando, Florida-based Mattamy Homes is developing six new communities totaling 1,473 homes in metro Phoenix — four of which will open this calendar year.Most of the land was purchased two or more years ago, he said.”When the interest rates took that increase and everybody in…
Organized retail theft paired with inflation has pushed some major retailers to make drastic security changes in an effort to keep them from the brink of closure.Some stores have locked up some inventory, creating an inconvenience for customers, while some loss prevention associates have been equipped with body cameras.Arizona Retail Association says organized retail theft…
PHOENIX — A plan to balance the state budget squeaked through the Legislature Saturday over the objections of some Republicans who said it spends too much and Democrats who said it spends too little.The package, which was set for final Senate approval, cuts $729 million from the current budget, reducing it to $17.2 billion. That…
One of Arizona football’s boosters wanted to meet with head coach Brent Brennan for dinner.After all, it’s June, which is slow for a college football coach, right?“He said, ‘When can we get together?’ I said,’Well…’” Brennan said.Sure, the season is just over two months away and training camp doesn’t start until July 30, but Brennan…
Jeffrey Lamb bought a residence at the base of Camelback Mountain in January 2002 for $870,000, razed it and built his dream home on the 1.1-acre parcel. Now, more than 20 years later, he is listing his home for the first time.The 13,286-square-foot home at 4937 E. Rockridge Road in Phoenix, known as the Rockridge…
Pgiam / Getty Images/iStockphotoThe housing market has been grueling for many would-be buyers, making the dream of homeownership very difficult to attain. Inflation, soaring mortgage rates, and low inventory — which is further putting pressure on prices — are all contributing to the issue.Also: Don’t Buy a House in These 5 US Cities That Have…
ATLANTA — Austin Riley drove in three runs with three hits, including a two-run home run, Marcell Ozuna added a three-run shot and the Atlanta Braves’ long-suffering offense offered signs of recovery in a 7-3 victory over the Tampa Bay Rays on Friday night.Chris Sale (9-2) improved to 7-0 at home. The left-hander allowed 2…