| Strong Economy Leads to Upgrade in Arizona’s Credit Rating A solid and increasingly diversified economy, along with prudent budget policies, have led to an upgrade in Arizona’s credit rating. Rating agency Moody’s Investors Service said it expects Arizona’s economy “will continue to perform positively and that the state will maintain ample reserves” in boosting Arizona’s rating to the second…» |
| National Multifamily Report – October 2019 After facing a drop last month, multifamily rent growth is back in the black, increasing $1 to an average of $1,476. Year-over-year rent growth remained at 3.2 percent and has been at least 3 percent for more than a year, according to a Yardi Matrix survey of 127 markets. When it comes to metro performance, Phoenix has jumped ahead of…» |
| Glendale to Grow as New Jobs Hub Forms off Loop 303 Drive along the outer edges of Luke Air Force Base now and you’ll mostly be looking out over farmland. In five years, or even sooner, Glendale officials say that won’t be the case. The corridor along Loop 303 near Northern Parkway is being envisioned as the Valley’s next industrial park, with giant manufacturing plants and warehouses similar…» |
| Breaking Down CBRE’s 2020 Market Outlook CBRE sees more growth ahead for the U.S. commercial real estate industry in 2020, although the pace of expansion could slow thanks to already strong fundamentals that will be tough to improve upon combined with some broader economic headwinds as part of its 2020 Real Estate Market Outlook. Specifically, uncertainty surrounding…» |
| Mortgage Applications Fall as Homeowners Hit Pause on Refinancing With the Federal Reserve leaving interest rates on hold for now, Americans are feeling less pressure to refinance their home loans.Mortgage applications eased last week even as rates fell, a sign that refinancing activity is cooling. The volume of mortgage applications fell 2.2% on a seasonally adjusted basis for the week ended…» |