Merry Christmas Eve Day
Merry Christmas Eve, everyone! Wherever you are and whatever you do, I hope your Christmas Eve is joyous. Also I have it on good authority that the Naughty List has been finalized. So live it up, people!
General
Arizona Inflation Still Red Hot
Inflation in Arizona is still red hot and well above the national average. Skyrocketing house prices have driven inflation in Phoenix well above the national average. They have also pushed housing affordability to very low levels in the third quarter of 2022. According to data from the NAHB-Wells Fargo Housing… Read More »Arizona Inflation Still Red Hot
Salary Demands
College educated heads of households are requiring greater salaries to move to a new employer.
Housing Starts Are Down
No surprise that housing starts are down as interest rates are up, however builders are completing existing orders. “Housing starts surprised on the upside in November, but permits plunged to the lowest level since June 2020,” Jefferies economists Aneta Markowska and Thomas Simons said in a note Tuesday. “Permits are now running below starts which… Read More »Housing Starts Are Down
Savings Are Down
As Inflation continues to rage on, savings are down as people want to maintain their standard of living as their dollar doesn’t reach as far as it did two years ago.
2023 Accelerent Breakfast Speaker Series
Are you a successful Arizona Business Owner? If yes, we’d like to invite you to join us and other influential business leaders, for breakfast, creating new relationships and hearing an amazing speaker. As this is by invitation only, please reach out if interested as spaces fill up quickly…and I look… Read More »2023 Accelerent Breakfast Speaker Series
Rate Of Interest Increase
The fed is raising rates more aggressively than any time in the past, inflation is still high and they were slow to react. Coming off historically low interest rates, the Fed has taken very aggressive action to tame inflation this year, raising the federal funds target rate by 425 basis points since… Read More »Rate Of Interest Increase
Mortage Index Stabilizing
And by stabilizing we mean not going down any more
Food Staples Prices Are Still Increasing
The general inflation numbers may look better, however staples are still much higher YOY.
Leaked Deals
Leaks still happen however they are significantly down for 2022, confidentiality is something we take very serious.