There is denying that 2022 was a bad year for stocks. We can only hope things look up in 2023. All indicators are that economic growth will slow as interest are kept high to help stamp out inflation. After a year of ups and downs, the S&P 500 ended 2022… Read More »What Does 2023 Hold For Stocks
As we begin the new year, the economy is contracting due to higher interest rates and the ending of Corona stimulus money programs ending. This is projected to slow the growth in Arizona and the nation. The outlook for Arizona, Phoenix, and Tucson depends in part on national and global… Read More »Arizona Outlook Summary
The Unemployment in AZ ad dropped to an all time low, however easing has now started as arizona has now ticked up to 4.1%. A lot of investment is happening in AZ how this plays out only the future can tell. Arizona’s labor market remains tight, but the preliminary unemployment… Read More »Arizona and U.S. Unemployment Rates
There is still strong job growth in Arizona and a majority of that is in Trade, transport, and utilities, and Education and Health Services. Mining down due to political pressures. In November, job growth was driven primarily by education and health services (+4,000), government (+1,600), and leisure and hospitality (+1,500).… Read More »Arizona Jobs by Industry, Change From February 2020 to November 2022
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 Opportunity Index, 22.5% of homes sold in the Phoenix MSA in the third… Read More »AZ Housing Affordability
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
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
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
The general inflation numbers may look better, however staples are still much higher YOY.
Leaks still happen however they are significantly down for 2022, confidentiality is something we take very serious.