Arizona population projections, marriages and divorces

A report from the CDC/NCHS (*), National Vital Statistics System (See Table 1) has disclosed some interesting facts about population, marriages and divorces covering our 50 states and the District of Columbia. Marriage and Divorce The national average of divorce to marriages per 1,000 total population is 45.6% (**). When it comes to divorce, Arizona …

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Vacancy Rate for Greater Phoenix Industrial Market Decreases in 2015

Fourth Quarter 2015 Stats Bode Well For Industrial Properties in Greater Phoenix Absorption 1.4 million square feet of space was absorbed in the fourth quarter of 2015 (Q4) which impressively was the 23rd consecutive quarter of positive absorption in the Greater Phoenix industrial market.  Net positive absorption for industrial space in 2015 was almost 8.5 …

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Market Perspective

The markets have been extremely volatile in the past few weeks. We saw sharp declines in the markets in the beginning of last week only to turn around and end the week with a slight increase in the S&P 500 and Nasdaq indices and a slight decline in the Dow Jones Industrial Average. The S&P …

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Sales of New Homes in Metro Phoenix Surge in July

Many economists believe this year’s surge in homebuilding is beginning to look more and more like a real recovery of the Valley’s new-home market. New Home Permits Issued in July 2015 are 55% Higher than Prior Year The Phoenix Housing Market Letter published by RL Brown and Greg Burger reports that: New home sales were …

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Home Sales Across Metro Phoenix on Track to Jump More than 30%

“Home sales across metro Phoenix are on track to jump more than 30 percent during the next few months, potentially signaling the restart of the area’s stalled housing recovery.” Cathy Reagor, Arizona Republic Although Valley home sales fell 14% in 2014, many economists and real estate experts are looking forward to a substantial increase in …

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How Long Will It Take Until the Arizona Economy Recovers?

According to experts gathered at the 51st annual Economic Forecast Luncheon on December 3, 2014 at the Phoenix Convention Center, it could take another two years for Arizona’s economy to recover from the depths of the Great Recession. Below are some statistics, comments and opinions two of the panelists shared with the audience about the …

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Metro Phoenix 2014 Third Quarter Office Market Report

Vacancy Rates Fall From 23.0% to 21.6% The Phoenix office market continued to improve through the third quarter of 2014 – its best quarter of the year to date – with 798,563 square feet of net positive absorption, bringing the year-to-date total positive absorption to 1,830,275 square feet. Vacancy also improved during the quarter, falling …

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Arizona’s Dismal Housing Market Continues to Impede State’s Economic Recovery

Single family permits in Arizona decreased a whopping 28.8% between 2014 and 2013. Below are excerpts from the September 22, 2014 edition of The Monday Morning Quarterback, a weekly e-newsletter published by Elliott D. Pollack & Co. Snapshot of Arizona’s Employment & Housing Statistics In August, the seasonally adjusted unemployment rate in Arizona edged up …

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Down Payments No Longer Required from Borrowers?

“The Obama administration has begun trying to relax some of the post crisis efforts to tighten mortgage-lending standards over concerns that the housing sector … is struggling to shift into higher gear.” – Wall Street Journal, June 16, 2014 edition Prospective home buyers may be getting some great news in the near future that may …

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Arizona Has Only Regained 56% of Jobs Lost During the Great Recession

Believe it or not, approximately four years have passed since the end of the Great Recession according to economists who spoke last month at the 2014 Annual Economic Outlook Luncheon hosted by the W. P. Carey School of Business at Arizona State University. Dennis Hoffman, an economics professor, observed that at a state and national …

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