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Here’s The Arizona Economic Development Forecast for 2023

By Orion Investment Real Estate As 2022 winds down, the Arizona economic development sector has much to celebrate in the way of wins. According to the Arizona Commerce Authority (ACA), the state ranked No. 3 for economic outlook — a 10-spot jump from No. 13 the prior year. With manufacturing

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Intel

Arizona No. 5 Best State for Hiring as Crisis Worsens

By Orion Investment Real Estate A new study found Arizona is the No. 5 best state for hiring as the unprecedented hiring crisis worsens. CareerCloud today released a study on the Best States to Hire Workers using data from the Census Bureau, BLS, Tax Foundation, and the St. Louis Fed. The rankings were determined by analyzing five factors:

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Intel

Housing Affordability Taking a ‘Nosedive This Year’

Paul Bergeron A homebuyer must earn $107,281 to afford the $2,682 monthly mortgage payment on the typical U.S. home, up 45.6% from $73,668 a year ago, according to a recent Redfin report. Housing affordability took a “nosedive this year,” reaching all-time lows, according to Crystal Sunbury, real estate and construction

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Intel

Multifamily Rent Growth Up Slightly in October

Leah Draffen Average multifamily asking rents growth showed a minor increase in October, according to the latest Yardi Matrix Multifamily Report. The average U.S. asking rate was $1,727. Year-over-year rent growth was down to 8.2%, the lowest level since summer 2021 and from its 15.3% peak in the first quarter.

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