As interest rates increase more people will be pushed toward rentals. Which will continue to push up rates. Why it matters: Housing costs, including skyrocketing rent prices, are a major driver of inflation, as Matt explained last week. What’s happening: The U.S. median rental price fell last month for the… Read More »Rents Took A Slight Dip
With the Fed increasing basis rate by .75 yesterday to 3.25%, mortgage lending is going to continue to decline. The 30-year-mortgage rate just hit 6.25%, up nearly a quarter-point from last week, per the Mortgage Bankers Association’s report out yesterday morning…… Why it matters: It’s lean times in the real… Read More »Mortgage Lending
Optimism hasn’t hit rock bottom however it is on the way down from earlier this year and is now listed as OK. How CEOs feel about the economy has been downgraded from “exuberant” to just “OK.” What’s new: The latest Business Roundtable (BRT) survey of its members — the chief executives of some… Read More »CEO Optimism Index
This past month we’ve seen a slight uptick in unemployment. with the new minimum wage laws could get higher. Unemployment in Arizona increased for the second time in three months, though total joblessness is still near a historic low. Driving the news: Arizona’s unemployment rate rose from 3.3% to 3.5%… Read More »Arizona Unemployment
No matter what price a business owner wants for his or her company, the market is the true indicator of what buyers are willing to pay. Selling a business can be very emotional – all the hard work over the years, attachment and loyalty to employees, the profitability in the… Read More »Tip #046 Business owners and the “Writing on the Wall”!
As risk increases, value decreases. We talk with business owners daily who believe a buyer will pay a certain amount for their businesses. However, buyers have a different perception of its value. As Michael Marks depicts in the above tip, many owners fail to sell their businesses at the price… Read More »Increased Risk = Decreased Value
Even with gas prices retreating (and we’ll she how long that lasts as we drain the strategic reserves), inflation is still at a record setting pace of 8.3%. Consumer prices ticked up during the month of August, bucking expectations that inflation would fall slightly, the Labor Department said on Tuesday.… Read More »More Inflation
At first glance it would look like good news, however these numbers are not adjusted for inflation, so real spending looks like it will be down. Holiday spending growth in 2022 is poised to trail last year’s big bounce as customers seek out deals, Mastercard SpendingPulse projected today. By the… Read More »No Holiday Cheer
With interest rates skyrocketing house prices are coming back down. Why it matters: When home prices started to fall this summer, many were reminded of the 2008 housing crash, which left more than two-thirds of metro Phoenix homeowners underwater on their mortgages. But experts tell Axios Phoenix the market is… Read More »Median House Price In Phoenix
Even if we just sold our 12 year old 911 with 130,000 miles on it, I still love following the marque. As VW looks at set porsche loose again as an independent manufacturer. It wasn’t so long ago that Porsche was going to purchase VW. My guess VW needs funds… Read More »Porsche Sales