In a big step for our city, the City Council has all agreed on a new rule to control Short Term Rentals (STRs), like those you'd find on Airbnb. This important decision came after a lot of talk and thought. The goal is to find a good middle ground between allowing STRs and keeping our neighborhoo

August brought with it a range of economic data that can provide us with insights into the broader market, particularly in regions like Phoenix. The Consumer Price Index (CPI) of August revealed an inflation increase of 0.6%, aligning closely with most estimates. This sees the annual CPI rising f

Walmart's recent decision to reduce starting pay for new store employees comes at a time when incomes in Arizona are already out of line with soaring home prices, potentially making it even tougher for newer buyers to enter the housing market. This development has raised questions about the broade

In February, Zillow's housing economists predicted a modest 0.5% rise in nationwide U.S. home prices over the forthcoming year. Surpassing expectations, these nationwide prices not only escalated but also reached an unprecedented high. The primary driver behind this was a notably tight housing inve

Some concerning news from China last week. The Chinese real estate market, epitomized by companies such as Country Garden Holdings, plays a crucial role in the global economic ecosystem. Recently, shares of Country Garden Holdings plummeted to a historic low following the issuance of a profit warnin

  Mortgage rates experienced a significant surge on Monday, reaching 7.48% on the 30-year fixed mortgage, the highest since November 2000, due to rising bond yields. These increases in bond yields are driven by investors' worries about prolonged high interest rates and inflation. Matthew Graham of