Former President Donald Trump recently claimed that inflation had been “defeated” and argued the Federal Reserve should lower interest rates. However, inflation remains higher than the Fed’s longstanding 2% target, and while rates have been stable in recent months, prices for many goods and services are still elevated compared to before the pandemic. The Fed…
Walmart is offering impressive deals on self-cleaning cat litter boxes, making it easier and more affordable for pet owners to maintain a clean home. These high-tech litter boxes come with automated cleaning features that reduce the need for daily scooping and help eliminate unwanted odors, providing a more convenient experience for busy cat owners. Many…
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…
Arizona’s real estate shows steady price growth, rising inventory, and stable sales, offering strong opportunities amid evolving market conditions.
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…
Recent proptech advances are transforming Arizona real estate, boosting search, management, financing, and investment insights statewide.
**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,…
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…
**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…
A Florida-based real estate developer has been ordered by a court to pay $300 million in lost profits after backing out of a major development deal in Arizona. The decision comes after the developer withdrew from the agreement, a move the court found to be a breach of contract, resulting in significant financial losses for…