New York • Stocks were moving lower in morning trading Monday following the release of a closely watched report that showed an unexpected slowdown in U.S. manufacturing last month. The market is coming off record highs last week.
Computer technology has changed the way consumers shop for everything from shoes to homes. Thanks to easy access to online data, 90 percent of homebuyers surveyed by the National Association of Realtors in 2012 said the Internet was their top information source when searching for a home. Further, 62 percent of buyers who participated in the NAR poll reported that virtual tours propelled them to follow up with a personal visit to the homes they viewed online.
Arizona Christian University (ACU) announced the addition of Dr. Barry Asmus to the faculty. Asmus will be teaching a course based on his recent book, coauthored with Dr. Wayne Grudem, “Poverty of Nations: A Sustainable Solution.”
To own or rent, that is the question that continues to weigh on the minds of potential homebuyers everywhere. While the gap may have narrowed over the past year due to rising mortgage rates and home values, buying is still a better bargain than renting in most communities across the country — including Phoenix and Tucson — according to an online real estate company.
Glaring headlines about Arizona’s public worker retirement system suggest that your typical retired teacher, firefighter or police officer is sipping margaritas on a beach somewhere enjoying a six-figure pension. Meanwhile the state’s pension funds are running out of money, leaving you, the taxpayer, stuck with the bill.
Fearing continued weakness in the economy, legislative budget analysts predicted Thursday that the spending plan crafted by Gov. Jan Brewer will leave the state at least $600 million in the hole within three years.
With baby boomers approaching retirement age in record numbers, and home values returning to a point where their owners are finally comfortable enough to sell, it’s easy to understand why builders are optimistic about the 55-plus housing market these days.
Dec. 14 marks the one-year anniversary of the tragic shootings at Sandy Hook Elementary School in Newtown, Conn. After that tragedy the entire country wanted to know how such a terrible thing could happen. And more importantly, how can we prevent it from ever happening again?
Here we go again. When Allan Greenspan was Fed chief he held the Fed rate to almost 0 percent for two years. This supposedly was to allow liquidity, allowing easy credit for everyone. The problem is that we don’t have a liquidity problem, we have a debt problem.
Arizona’s economy continues to mend, spurred largely by people buying cars and parts. Newly released figures from the Department of Revenue show retail sales reported to the state in September topped $4.2 billion. That reflects purchases made in August.
I have expressed my feelings about how our country is suffering from a failure in economics many times. We have a monopoly in Keynesian economists being taught in America. The result of this is that every economist in Washington is a Keynesian economist. Keynesian economists allow politicians to spend a lot of money.