The unadjusted unemployment rate in Greater Phoenix dropped to 2.4 percent, down nearly three-quarters of a point from February’s 3.1 percent and half of last year’s 5.4 percent unemployment rate in March. Robust hiring brought the Phoenix metro workforce to nearly 2.5 million people in March, up 110,800 from March last year. For the second month in a row, hospitality (up … [More]

The busy spring season got off to another strong start this year. March home sales jumped 32.2% over February while posting a report record Median Sales Price of $360,000. As buyers continued to far outnumber sellers, Months Supply of Inventory reached a record low of 1.0 across the report's 51 metro areas. More than half of the market areas reported a supply of less than one … [More]