Accessing affordable, high-quality healthcare is a challenge for Americans nationwide. In fact, nearly one third of Americans lack access to primary care and more than one third of Americans (38%) say they or a family member postponed medical treatment in 2022 due to cost, according to recent reports from the National Association of Community Health Centers and … [More]
Home Values Start to Slip as Market’s Summer Heat Fades, Phoenix Inventory Down 38%
Home values took an uncharacteristic step down in September, albeit a small one, according to the latest Zillow® market report. Competition is easing faster than normal this fall as buyers contend with the highest mortgage rates in more than 22 years. "Mortgage rates approaching 8% are taking the wind out of the market's sails, pushing monthly mortgage payments beyond many … [More]
Small Business Optimism Dips in September as Inflation Remains Top Problem
Owners are pessimistic about future business conditions
The NFIB Small Business Optimism Index decreased half of a point in September to 90.8. September’s reading marks the 21st consecutive month below the 49-year average of 98. Twenty-three percent of owners reported that inflation was their single most important problem in operating their business, unchanged from last month and tied with labor quality as the top … [More]
September Housing Report: Home Prices Rise as Inventory Crunch Continues
For the second month in a row, home prices rose on an annual basis in September (+0.4%) as the inventory shortfall lingers, with the number of homes on the market falling year over year for the third consecutive month (-4.0%), according to the Realtor.com® September Monthly Housing Trends Report released today. Active inventory remained 45.1% below pre–pandemic (2017-2019) … [More]
U.S. Annual Home Price Growth Picks Up Pace in August, Says Report
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for August 2023. CoreLogic’s Home Price Index dropped to an 11-year low in the spring of 2023 but is starting to regain momentum. While some states in the West still posted annual home price losses in August, … [More]
The Compelling Case for Impact Investing and Its Potential to Reshape the Future
The double bottom line is not just greenwashing
The case for impact investing is increasingly compelling, not just as an adjunct to traditional investing but as an evolution of how we influence the flow of capital in and across society. After decades of viewing investment purely through a financial lens, where the primary goal was to maximize returns to shareholders, we’re beginning to understand that a broader perspective … [More]
U.S. Housing Value has Surged, while Metro Phoenix Value has Declined
The U.S. housing market has rebounded impressively in 2023 after a short-lived downturn late last year. The total value of the U.S. housing market has surged by more than $2.6 trillion over the past year, a new Zillow® analysis shows. The total value of the U.S. housing market — the sum of Zillow's estimated value for every U.S. home — is now slightly less than $52 … [More]
More Home Sellers Drop Asking Price as Mortgage Rates Hit Two-Decade High, Says Report
Roughly one in 15 (6.5%) U.S. homes for sale had a price drop during the four weeks ending September 24, on average, up from 5.8% a month earlier–a sharp monthly increase compared to the same period in years past. That’s according to a new report from Redfin, the technology-powered real estate brokerage. At the same time, the median home-sale price is up 3% year over year and … [More]
Phoenix Area New Listings Up, Days on Market Drops for Existing Homes for Fifth Consecutive Month
The tight residential real estate market has a couple of bright spots in year-over-year data, according to a report from Phoenix REALTORS® that analyzes data from the most recent numbers available. “We’re seeing a steady market trend as the number of days on the market has declined for each of the last five months,” said Butch Leiber, president of Phoenix REALTORS’ Board of … [More]
Pending Home Sales Drop 13% YOY as Mortgage Rates Stay Stubbornly High, Says Report
Mortgage rates are sitting near a two-decade high and U.S. home prices rose 3% year over year during the four weeks ending September 17, pushing monthly housing payments to an all-time high. That’s according to a new report from Redfin, the technology-powered real estate brokerage. What homebuyers are doing: Waiting for homes to become more affordable and for more of … [More]
New Data Reveals Impact of Popular Airline Credit Cards to Arizona Economy
A new analysis by Airlines for America (A4A) – the industry trade group representing major U.S. carriers – reveals there are nearly 30 million U.S. airline credit card holders in the United States who rely on their airline credit cards to accrue loyalty points, which can be used for travel, flight upgrades and other benefits such as dining at local restaurants or shopping for … [More]
National Housing Report for August 2023 Released, Phoenix YOY New Listings Rose 36.6%
New listings rose 1.8% sequentially in August, bucking the typical July-to-August seasonal trend of decline. Last year, new listings declined 12.8% in August, the second month in a streak of six month-to-month declines that ended in January. Home sales rose 7.4% over July and the Median Sales Price of $425,000 was unchanged across the 50 metro areas surveyed. Meanwhile, … [More]
Home Purchases Fell Through at the Highest Rate in Nearly a Year in August, Says Report
Residential real estate deals are falling through at the highest rate in almost a year as high mortgage rates give homebuyers sticker shock, according to a new report from Redfin, the technology-powered real estate brokerage. Nationwide, nearly 60,000 home-purchase agreements were canceled in August, equal to 15.7% of homes that went under contract that month. That’s up … [More]
Freeport-McMoRan Publishes Updated Climate Report
Freeport-McMoRan Inc. announced the publication of its annual Climate Report outlining FCX’s ongoing progress to advance its climate strategy focused on reducing its greenhouse gas (GHG) emissions, enhancing its resilience to climate risks and contributing responsibly produced copper to the global economy. Richard C. Adkerson, Chairman of the Board and Chief Executive … [More]
Forecast Includes Arizona and Finds Small Businesses Confident, Undeterred by Economic Outlook
Nearly eight out of 10 small business owners feel a strong degree of confidence that their companies will grow over the next year even amid rocky market conditions, according to a new survey. The ninth annual First Citizens Bank Small Business Forecast found 79% of owners to be somewhat or very confident their small businesses will experience growth over the next 6-12 months, … [More]
Monthly Housing Costs Hit All-Time High, Deterring Would-Be Buyers, Says Report
The median U.S. monthly mortgage payment hit an all-time high of $2,632 during the four weeks ending September 10. That’s according to a new report from Redfin, the technology-powered real estate brokerage. What homebuyers need to know: It’s more expensive than ever to buy a home, with monthly payments at a record high due to stubbornly high rates and home prices. Although … [More]
Buyers Are Seeing More Options as Housing Market Hits Its Late-Summer Slowdown
An expected end-of-summer slowdown in the housing market came with a pleasant surprise for home shoppers in August. The latest market report1 from Zillow® shows an uptick of new listings. Although sellers are still listing fewer houses than pre-pandemic norms, the monthly increase gave buyers a bit of relief in the midst of a long-standing drought of inventory. "Those … [More]
Annual U.S. Home Price Growth Rebounds in July, Says Report
U.S. home price gains rebounded year over year in July, increasing to 2.5% and following two months of 1.6% annual gains. The annual reacceleration reflects six consecutive monthly gains, which drove prices about 5% higher compared to the February bottom. The 11 states that saw home price declines were all in the West, but since many of those markets continue to struggle with … [More]
