Commercial Real Estate & Business News – May 16, 2024

Inflation cooled slightly last month, signaling that while previously anticipated cuts to interest rates in the first half of the year are unlikely, there is still hope for decreases this fall. The consumer price index rose 3.4% year-over-year in April, according to the Bureau of Labor Statistics’…»

While the commercial real estate lending market experienced a slowdown in the first quarter, it was primarily influenced by market conditions in the third and fourth quarters of 2023, according to a new report from CBRE on Q1 lending. “Looking forward, we are seeing an uptick…»

Maricopa County continues to be one of the fastest growing in the country, with U.S. Census Bureau reporting that Maricopa was the fourth largest-gaining county in 2023 after taking the top spot in 2022. As more people call Greater Phoenix home, the region’s healthcare…»

Arizona’s lax short-term rental regulations have made it one of the most successful growth markets for companies like Airbnb and Vrbo, but some advocates say it comes at the cost of housing affordability. Why it matters: Using residential homes as vacation properties…»

A customer prepares to purchase gas at a filling station in Chicago, Monday, April 22, 2024. On Wednesday, May 15, 2024, the Labor Department issues its report on inflation at the consumer level in April. Led by lower food and auto prices, inflation in the United States cooled…»