112: Why Your Thanksgiving Dinner Cost So Much; Apple Will Be Buying These From Arizona; What's Next for the Metrocenter Mall??

In this episode of "Kiss My Assets," Jamison Manwaring and Heather Andrews discuss various topics related to real estate and the economy. They start by talking about inflation and how it continues to affect different aspects of daily life. Despite the recent news of inflation moderating, the numbers are still high, especially in sectors like gas and energy, which saw an 18% increase over the past year. They also discuss how they have personally noticed inflation impacting their expenses, such as utility bills and food prices.

The conversation then shifts to mortgage rates, which have seen a significant drop recently. They mention that the fixed 30-year rate is not directly tied to what the Federal Reserve does, but it has an impact on rates in the public and lending markets. Despite the drop, mortgage rates are still relatively high compared to previous years, making it important for buyers to carefully consider their options.

Next, they discuss the water situation in Arizona. While there is a drought in the Western United States, including Arizona, they emphasize that the state has been prepared for such situations and has implemented effective water conservation measures. They highlight that Arizona's population has grown significantly, but water usage has actually decreased due to conservation efforts.

The hosts conclude the episode by discussing job growth in Arizona. They mention that Arizona's economy has become more diverse, with industries like healthcare, manufacturing, science, technology, and retail experiencing significant growth. They highlight the positive impact of high-paying jobs in the science and tech sectors, as well as the stability provided by manufacturing jobs.

Overall, the episode covers topics ranging from inflation and mortgage rates to water conservation and job growth in Arizona. It provides insights into the current economic landscape and its implications for various sectors in the state.

Articles mentioned in the podcast below:

https://apple.news/Air4maT8qSPiuLT16cz8v6g
https://www.reuters.com/technology/apple-prepares-source-chips-arizona-plant-bloomberg-news-2022-11-15/
https://www.bizjournals.com/phoenix/news/2022/11/16/metrocenter-mall-phoenix-redevelopment-final-ok.html?utm_source=st&utm_medium=en&utm_campaign=me&utm_content=PH&ana=e_PH_me&j=29727263&senddate=2022-11-17
https://apple.news/AnmHVc0PtRTmd7iUtRDvwYA
https://www.bizjournals.com/phoenix/news/2022/11/18/phoenix-construction-costs-labor-challenges.html?utm_source=st&utm_medium=en&utm_campaign=me&utm_content=PH&ana=e_PH_me&j=29739528&senddate=2022-11-18
https://azbigmedia.com/real-estate/residential-real-estate/heres-why-analysts-say-phoenix-housing-market-favors-buyers/
https://www.azcentral.com/story/money/business/jobs/2022/11/16/arizona-minimum-wage-increase-already-among-highest-will-rise-again-in-2023/10672592002/

Check out our YouTube channel to watch clips from this episode and many more from our Kiss My Assets podcast!
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