landsman news roundup

CNN.com: Inflation has come a long way since reaching a four-decade peak two years ago, Federal Reserve Chair Jerome Powell said Tuesday. However, central bank officials still want to see more progress before cutting interest rates, he noted, though they are also keeping a close eye on the job market.

Redfin News: Builders obtained permits to construct 13 multifamily housing units for every 10,000 people in the U.S. so far this year, down from an average of 18 during the same periods in 2021-2023. That’s a drop of nearly 30%.

Fox10Phoenix.com: Despite a construction boom led by the COVID-19 pandemic, new data shows that the U.S. housing shortage grew in 2021, underscoring a deepening housing deficit and one of the root causes of the housing affordability crisis.

Fox 10 Phoenix: New data showed a significant decrease in house flipping last year – the latest annual drop since 2008.

ArizonaRealEstate.com: Here you'll find statistics on residential listings in Arizona and surrounding communities, updated every day from the MLS, including the average price, average days on market, average price reduction, and more.