The real estate market is expected to do very well this year as mortgage rates remain at historic lows. One challenge to the housing industry is the lack of homes available for sale. Last week, move.com released a report showing that 2020 is beginning with the lowest available housing inventory in two years. The report […]
The Arizona Department of Transportation (ADOT) is extending state Route 24 in southeast Mesa. This is due in part to its proximity to the Phoenix-Mesa Gateway Airport region. The Gateway Freeway between Loop 202 and Ellsworth Road is currently just one mile. Another five miles is being added to Ironwood Drive in Pinal County. Plans are […]
Arizona’s economy is still growing, but growth likely will be slower in 2020 than in the previous two years, an annual economic forecast from Arizona State University predicted recently. Arizona likely will continue attracting new residents at one of the highest rates in the country next year, though that could be a smaller total number amount […]
Fannie Mae has significantly boosted its outlook for housing-market growth amid tight supplies and low mortgage rates. The mortgage financier’s Economic and Strategic Research Group raised its forecast for residential fixed investment by 1.2 percentage points during the fourth quarter of 2019. This predicts a growth at a 4.5 percent annualized rate. The group also […]
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