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Growth returning to Arizona economy, ASU index suggests The Arizona Business Conditions Index has moved into growth territory for the first time since November, indicating that growth, albeit small, is returning to the Arizona economy. The index, which
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Mortgage rates drop below six percent Second time in more than two years; 30-year fixed amount is 5.87 percent WASHINGTON - Rising worries about a weak economy pushed rates on 30-year mortgages below the 6 percent mark for only the second time in more
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Arizona foreclosures fall for 3rd month in a row The number of foreclosure filings reported in Arizona fell for the third month in a row in November — even as the mortgage crunch continued to squeeze borrowers. A total of 5,767 filings — including
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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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Sweet Deals on New Homes Builders feeling the post-boom blues are offering big incentives and deep price cuts for buyers. During the housing boom, new-home builders were like the hosts with the hottest invitation in town. They could raise prices with
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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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Although home sales in most of the southwest Valley declined from July 2006 to July 2007, there is confidence among real-estate and housing experts that the market is correcting itself and rebounding. "People are looking at the idea that the market
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Positive July sales ease bite of credit WASHINGTON - Sales of new homes turned up and factory orders soared in July, suggesting the economy was on stable footing before a credit crunch took a turn for the worse. The Commerce Department reported Friday
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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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