Commercial Real Estate & Business News – October 14, 2016

Central bankers seem to be in disagreement about how to proceed with raising the currently ultra-low interest rates, based on The Federal Open Market Committee recently released minutes of its Sept. 20-21 meeting. Some FOMC members believe that waiting might lead to later larger rate increases-and another recession as a result...»

 

It's not the news Valley renters want to hear. Rent prices are expected to go up again. Rent prices have been skyrocketing across the Valley for quite a while with the average rent up seven percent since last year...»

Phoenix's homeownership rate increased to 63.4% in the second quarter, surpassing the national average from the first time since 2010, according to the Second Quarter 2016 Economic and Single-Family Housing Market Outlook Report for Phoenix...»
 
City and business leaders from across the Valley met with AOL co-founder Steve Case Oct. 7 as he toured the region's successful startups through his Rise of the Rest bus tour. Phoenix Mayor Greg Stanton met Revolution venture capital firm CEO Case first thing in the morning at Civic Center Park and joined the bus tour for breakfast at the Desert Botanical Gardens, where more than 50 joined him...»
Last week, Arizona lawmakers were updated on the state budget and economists' view of the near-term financial landscape. Here are five things to know...»

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