Page 21 - Mark Stapp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Consumers Anticipate Normal Spending as Economic Outlook Brightens Economic Outlook Hosted by the W. P. Carey School of Business at Arizona State University Live on Zoom May 6 News provided by Share this article Share this article TEMPE, Ariz., April 26, 2021 /PRNewswire/ -- The state and national economic outlook has brightened as federal stimulus programs are expected to boost output and employment in the months ahead, according to Arizona State University economists. With the economy rebounding and consumers looking forward to resuming more normal spending patterns, the annual Economic Ou...

A house for rent in Phoenix. Rents have continued to increase across metro Phoenix over the past year. The biggest was a 15% jump in one-bedroom prices in Surprise. Arizona State University real estate professor Mark Stapp says the solution is to build. “Unfortunately, there’s only one way out of this and it’s to build your way out of it, but you can’t build fast enough because of how long it takes to add new units," Stapp said. He also said officials can help by making it easier to build new units, and that would require housing policy change at the state and local level.

Homes for sale have dwindled Supplies of existing dwellings have dwindled far below the six-month level considered normal. Realtors are receiving multiple offers. Builders can't keep up with demand and flipping is back. Talk of a housing bubble is now common among analysts – including those at Swiss banking giant UBS, who back up their claims with charts showing how home prices are outstripping both wages and rents. While home prices have appreciated more than 60% since November 2012, incomes have only appreciated by 20% and rents by 30% over the same time period. The upshot: Homes are o...

Ben Campbell, the morning personality on 102.5 KNIX, said, “We put it on the market on a Friday. And the first day we had 10 offers."

Homes for sale have dwindled Supplies of existing dwellings have dwindled far below the six-month level considered normal. Realtors are receiving multiple offers. Builders can't keep up with demand and flipping is back. Talk of a housing bubble is now common among analysts – including those at Swiss banking giant UBS, who back up their claims with charts showing how home prices are outstripping both wages and rents. While home prices have appreciated more than 60% since November 2012, incomes have only appreciated by 20% and rents by 30% over the same time period. The upshot: Homes are o...