Nov 18, 2022 | 2022 Research, Featured Research, Job Reports, Jobs & Our Economy, Recent Research, Uncategorized
Arizona added 7,300 nonfarm jobs in October (+0.24%) – a slowdown in the increase we have seen earlier this year – and the Unemployment Rate rose to 3.9% (+0.2%).
Nov 10, 2022 | 2022 Research, Featured Home, Featured Research, Inflation Reports, Jobs & Our Economy, Recent Research, Research, Uncategorized
Of the 23 urban consumer price indices tracked by the BLS, the Phoenix metro area again had the highest rate of inflation in October, due mostly to pressures from shelter costs.
Oct 31, 2022 | 2022 Research, Featured Home, Housing & Our Community, Recent Research, Research
The U.S. and Arizona housing markets are in the midst of a sharp correction – the first since the Great Recession. Prices peaked in June and have fallen over 3% through September. Ongoing rising interest rate pressures, a collapse in buyer interest, and lags in the construction and permit approval cycle will likely put continued downward pressure on prices over the next 6-12 months.
Oct 21, 2022 | Featured Home, Featured Research, Job Reports, Jobs & Our Economy, Recent Research
Arizona added 3,700 nonfarm jobs in September (+0.12%) – a slowdown in the increase we have seen earlier this year – and the Unemployment Rate rose to 3.7% (+0.2%).
Sep 13, 2022 | 2022 Research, Featured Home, Featured Research, Inflation Reports, Jobs & Our Economy, Recent Research, Research
Consumer prices in the United States continued their record ascent in August, rising 8.7% over the last 12 months and 0.1% over July. More distressingly, core inflation sharply accelerated to 0.6% (from 0.3% in July).
Aug 30, 2022 | Housing & Our Community, Recent Research, Research
FULL REPORT As expected, the U.S. and Arizona housing markets are changing rapidly in response to quickly rising interest rates. For the first time since 2011, Phoenix-area home prices fell in July, and despite continued increases in target interest rates average...
