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Local businesses upbeat about 2008 Despite rising energy prices and ongoing global uncertainty, local businesses are cautiously optimistic about the national economy in 2008. That’s according to a new Valleywide business economic forecast by the
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Rates on 30-year mortgages fell this week after two consecutive increases, providing a break for potential home buyers and the beleaguered housing industry. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged
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Phoenix is one of 11 cities touted as "Best Places to Live" in the current issue of Resident magazine. "Phoenix residents enjoy low housing prices and fine weather," the New York publication said in its review of top second-home locations.
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This article is from local economist Elliott Pollack's website. It is a letter from Elliott Pollack dated August 8, 2007 to editor of The Economist Magazine in response to a negative article about Phoenix in the July 26th 2007 edition of The Economist
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Arizona job growth No. 2 in nation Arizona job growth slowed in July with the rest of the nation, but remains among the top growth economies, according to a Thursday report from the Department of Economic Security. The state lost fewer than expected jobs
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Links provided courtesy of Arizona MLS (ARMLS) This representation is based in whole or in part on the data supplied by ARMLS. (Not from Rod Rebello) ARMLS does not guarantee nor is in any way responsible for its accuracy. Data maintained by ARMLS may
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America's 100 fastest-growing suburbs . Gilbert Arizona The fastest-growing big suburb (with a population of 100,000 or more) is Gilbert, Ariz., outside Phoenix, which grew from 112,766 people to 191,517. The Phoenix area saw the greatest positive
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Foreclosures soar on outskirts More people on Valley's fringe losing homes Home buyers have long flocked to metropolitan Phoenix's farthest flung suburbs to get the most house for their buck. In the housing market, it's known as "drive
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Financing deals now haunt borrowers, but 'correction' no surprise to experts The fallout from the country's real-estate slump continues to reverberate in Arizona and across the nation as more homeowners and lenders turn to foreclosure to solve
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Despite the huge number of homes for sale in the Phoenix area, real estate expert Jay Butler says prices remain above the national average. "The market is about where it should be, and people don't like to hear that," the director of realty
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CNN: "Looking for Ways Out of the Subprime Mortgage Crisis," USA Today: "Neighborhood Finds Real Estate Loans Too Good to Be True" Washington Post: "Foreclosure Rate Hits Historic High" We've all seen the headlines. What
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Discuss: How’s the housing market in your area? ARIZONA HOMES REAL ESTATE - Sales of new homes fell in May for the fourth time in the past five months, providing further evidence of a continued slump in housing. The Commerce Department reported
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~~~~~~~~ Slowdown in real estate a blow, but not knockout The national chatter over the flailing home lending industry and its effect on the U.S. economy became more heated this week than an Anna Nicole Smith memorial service. With the jump in foreclosures,
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