Neighborhood Ventures Podcast11 Nov 2022

111: The 'Magnet Market' in the Sunbelt Region; How Traffic Influences Phoenix's Housing Demands; What is Arizona Doing to Minimize the Drought's Impact??

In this episode of "Kiss My Assets," Jameson Manwaring and Heather Andrews discuss various topics. They mention the importance of voting and encourage their team members to vote. They also talk about the upcoming release of the Consumer Price Index (CPI), which measures inflation across a range of goods and services. The recent inflation numbers have been higher than the target rate of 2% per year, and they hope to see a decrease in the upcoming release.

The hosts also discuss Arizona's water situation. Although the state has been in a 20-year drought, they highlight Arizona's proactive approach to water conservation. The article they reference emphasizes that Arizona has 1.75 times more water stored than it currently uses and is a national leader in water reuse. They mention the funding recently approved for conservation efforts and reducing water usage in agriculture.

Shifting gears, they mention how millennials are increasingly choosing to move to Arizona, particularly in cities like Phoenix, Scottsdale, Tempe, and Gilbert. These areas are attracting millennials due to job opportunities and the emerging urban culture. The hosts also touch upon the real estate market in Phoenix, noting that it has fallen to the ninth hottest market but remains one of the hottest markets to watch in 2023. They discuss the growth trends in the Sunbelt region and how Arizona's performance relates to other high-growth states like Texas and Florida.

Overall, the hosts provide insights into voting, inflation, water conservation, and the changing demographics and real estate market in Arizona.

Article links referred to throughout the show:

https://www.gpec.org/news/arizona-water-position/?utm_source=linkedin&utm_medium=social&utm_campaign=page-post
https://azbigmedia.com/lifestyle/3-metro-phoenix-cities-rank-among-top-20-millennial-hotspots/
https://www.benzinga.com/markets/commodities/22/10/29470175/will-homeownership-soon-be-a-thing-of-the-past-the-strategy-millennials-are-using-to-enter-re
https://www.wsj.com/articles/inflation-driven-record-rents-mean-more-people-are-piling-in-with-roommates-11666671826
https://www.bizjournals.com/phoenix/news/2022/11/02/phoenix-urban-land-institute-pwc-arizona-growth.html?utm_source=st&utm_medium=en&utm_campaign=me&utm_content=PH&ana=e_PH_me&j=29568811&senddate=2022-11-02
https://apple.news/A-BEwIn8ESMOH1oNrd2hCgw
https://www.forbes.com/sites/richardmcgahey/2022/11/02/feds-rate-hikes-arent-bulldozing-commercial-real-estate--yet/?sh=54d80adc5859
https://abimultifamily.com/?a=70A5D07112843348

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