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Arizona expected to add over 100,000 jobs, but home prices limiting growth
Arizona will have added more than 100,000 jobs by the end of the year, with 86,000 of them in metro Phoenix, economist Dennis L. Hoffman said at Wednesday’s 59th annual ASU/PNC Bank Economic Forecast Luncheon. Arizona continues to have a pro-growth economic setting with a competitive tax structure, but declining housing affordability, as well as inflation and interest rate hikes threaten to slow[...]
With home prices surging, percentage of underwater homes plummets
With prices surging, the percentage of Arizona homes that are underwater has fallen dramatically since last year.
Obama heads to Phoenix to pitch mortgage reform
President Barack Obama is proposing to overhaul the nation's mortgage finance system, including shutting down government-backed Fannie Mae and Freddie Mac ai??i?? a plan with bipartisan support on Capitol Hill.
Phoenix home prices drop again in December
A new report shows home prices in the Phoenix area dropped by 8 percent in December from the same period a year ago.
Phoenix home price index falls 1.3 percent in August
Home prices are weakening around the country, even in metro areas that were showing strength earlier in the year. The biggest drop came in Phoenix. Prices there fell 1.3 percent from a month earlier.
