In April, the U.S. supply of active listings posted the smallest year-over-year decline (-12.2%) since the end of 2019, led by gains in the share of mid-sized homes New data suggests that the U.S. housing supply is readying to rebound, as active listings posted the smallest year-over-year declines (-12.2%) since December 2019, according to the Realtor.com® … [More]
AAED Releases 2022 State of Arizona Economic Development Survey Results
The Arizona Association for Economic Development announced the results of its State of Arizona Economic Development survey at its recent spring conference. AAED surveyed its membership of more than 500 economic development practitioners and those that provide goods and services from the private sector. Key takeaways from the survey include: Strong economic outlook for … [More]
More Sellers Dropping Their Prices, But Buyers Find Little Relief
The share of home sellers who dropped their asking price shot up to a six-month-high of 15% for the four weeks ending May 1, according to a new report from Redfin, the technology-powered real estate brokerage. That’s up from 9% a year earlier, and represents the largest annual gain on record in Redfin’s weekly housing data back through 2015 For homebuyers, the typical … [More]
Lack of Child Care Impacting Arizona’s Post-Pandemic Recovery
Child care is an essential service, and the pandemic has elevated awareness of the importance of quality early education and care to maintaining a thriving economy. One in three households is struggling to find the child care they need to return to work, according to a recent poll conducted by NPR, the Robert Wood Johnson Foundation and the Harvard T.H. Chan School of Public … [More]
Successful Healthcare Real Estate Investment
Stock market uncertainty resulting from Russia’s war in Ukraine has many investors looking for options yielding better returns. Real estate has historically provided excellent profit, especially in recent years with apartments and industrial facilities, including distribution and data centers, in high demand to keep up with explosive growth in the Phoenix area. Because … [More]
Sizing Up the Competition
When it comes to business expansion and recruitment, Arizona and Texas are two of the most successful and competitive states in the country. Both have emerged from the pandemic era with more jobs than before it started. With low tax rates and friendly business climates, both continue to be top targets for companies moving from states with higher tax rates, like … [More]
Homebuyer Competition Drops for First Time in Six Months amid Surge in Mortgage Rates, Home Prices
Sixty-five percent of home offers written by Redfin agents faced competition on a seasonally adjusted basis in March, according to a new report from Redfin, the technology-powered real estate brokerage. That is down from a revised rate of 66.7% in February, marking the first month-over-month decline since September—a sign that demand is starting to cool as soaring mortgage … [More]
