Commercial Real Estate & Business News May 1, 2019

Here’s Why More Millennials are Moving to Phoenix Great homes. Great companies. Plenty of tasty restaurants and luxurious resorts. Add in the affordable cost of living, vast employment opportunities and rapidly growing infrastructure, all of which make the Phoenix-Metro area a thriving hub for living, working and entertaining – and add to its appeal as a place to put down roots. Phoenix is more than the Grand Canyon state. With abundant companies…»
Phoenix Has Long Been the West’s Most Affordable City. That Might Change.
Joanna Sagar is a 33-year-old college graduate who had to find a roommate because she couldn’t afford to rent near her Phoenix job.Dan Chellberg, 33, tripled his commute time from 15 minutes to 45 minutes as the trade-off to buy a new home. They’re two of the many residents feeling the squeeze as metro Phoenix is in danger of losing its title as the most affordable big city in the West to…»
Trump Pushes Fed to Lower Interest Rates in Series of Tweets
President Trump upped the ante Tuesday in his campaign to browbeat the Federal Reserve into keeping interest rates low, calling for a 1 percentage point rate cut and a revival of its bond-buying stimulus. In a series of tweets published Tuesday, Trump said the lower rates along with “quantitative easing” would bolster the economy. “We have the potential to go up like a rocket if we did some lowering of rates,…»
Pending Home Sales Show Signs of Hope in March
Pending home sales advanced 3.8% in March as lower mortgage rates brought more buyers into the market, according to the latest report from the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator based on contract signings, grew to 105.8 in March, rising from February’s 101.9. However, year-over-year contract signings declined 1.2%, marking the…»
The Monday Morning Quarterback
The best news we received last week was that real GDP outperformed expectations, growing 3.2% at an annualized rate despite the headwinds of a government shutdown and the waning impacts of tax cuts. New home sales increased last month while existing home sales declined (though prices increased). Mortgage rates are also up. Consumer sentiment declined slightly but is still on par with…»