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Arizona Housing Affordability Update October 2022

Arizona Housing Affordability Update October 2022

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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.

Accelerating Arizona’s New Tax Structure: Economic Impacts of Implementing the 2.50% Flat Tax in 2023

Accelerating Arizona’s New Tax Structure: Economic Impacts of Implementing the 2.50% Flat Tax in 2023

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In April, the Common Sense Institute (CSI) released its economic simulation of the long-run impacts of moving from an 8.00% progressive income tax structure to a 2.50% flat income tax in Arizona. That analysis found the state would have 58,800 more workers and add $11.9 billion to its economy by 2032 due to this change.