More great economic news for Arizona! 🗞️The U.S. Bureau of Labor Statistics has reported that the Phoenix-Mesa-Scottsdale metropolitan statistical area (MSA) had the largest total nonfarm job growth of all large MSAs from May 2018 to May 2019. The Phoenix metro area added 66,500 total nonfarm jobs year-over-year, representing … [Read more...] about It’s Money Monday!
Forbes recently reported that Phoenix is ranked #1 as fastest growing city in America. Not only are we growing, but we're growing smart! 💰According to the communications manager for community and economic development for the City of Phoenix....“We've been adding a lot of jobs in the advanced industries, manufacturing, business … [Read more...] about It’s Money Monday!
Did you know that prior to the crash, the average home owner owned their home for 4.21 years? ⬆️Now the average number of years people are living in their home is 8.05 years. ⬆️That's another great indicator of a stable housing market. It also means you need to be smart about your home purchase and think about how it will … [Read more...] about It’s Money Monday!
💰It's Money Monday! 🏡 Interest Rates are at record lows. 📉Now is a great time to consider refinancing. 💰 You can refi at under 4% right now. If you need a lender to talk with, we have several we can recommend. … [Read more...] about It’s Money Monday!
💰Did you know there were 60,000 single-family permits issued in 2005 and 22,437 were issued in 2018! Building is smarter now.😎 New construction is up, but it's at a more reasonable pace.⚒🛠 … [Read more...] about It’s Money Monday!
💰Our biggest competition these days is new construction.🛠🔨 Buyers love new! 🏡However, did you know that 41% of new construction falls in the $300,000 - $500,000 range? That is good news for Sellers with homes above or below that price and good news for Buyers looking within that price range! 🏡💰 … [Read more...] about It’s Money Monday!
💰Did you know the average lease price per square foot increased 8.6% last year for single family homes? 📈 That's great news if you own a rental, but not great if you're renting. 🏡💲Now is a great time for renters and investors to buy. The rental market is in high demand and short supply! … [Read more...] about It’s Money Monday!
💰Did you know that employment is expected to increase 2.3% this year? 📈That will outpace our population growth! That means a healthier economy for Greater Phoenix! 🏡 … [Read more...] about It’s Money Monday!