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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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Mortgage Interest Rates

Stable Mortgage Rates Persist as Market Caution Continues: What Homebuyers and Investors Need to Know

Mortgage interest rates have remained relatively stable heading into the weekend, with the average 30-year fixed mortgage rate hovering around 6.95%. While these rates are significantly lower than the highs seen in late 2023, they still pose affordability challenges for many prospective homebuyers. Economic indicators and signals from the Federal Reserve suggest that rates could…

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Arizona Home Sales

Meritage Homes Shines in Q2: Surpassing Expectations Amid Affordable Housing Demand

Meritage Homes (NYSE:MTH) recently reported its second-quarter earnings, reflecting steady demand for new homes despite ongoing affordability challenges in the housing market. The company managed to post better-than-expected revenues and earnings, with management noting that incentives and price adjustments have kept buyer interest strong. Meritage’s performance stands out among other home builders, with many in…

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Arizona Housing Prices

Ex-Poker Pro Cory Zeidman Sentenced to Over 8 Years for $25 Million Sports Betting Scam That Swindled Vulnerable Victims

A former professional poker player, Cory Zeidman, has been sentenced to more than eight years in prison for running a fraudulent sports betting scheme that scammed victims out of more than $25 million. Zeidman and his associates operated a national marketing campaign between 2004 and 2020, luring people into paying for supposedly “inside information” on…

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