The Kirkpatrick Team

It's amazing how the former U.S Air Force base has transformed over a few decades to become an  economic stronghold for the Arizona region. In 2013, Arizona State University did a study of the economic impact the airport has made annually to our area. The airport has an annual impact of $1.3 bill...

When looking at Arizona's position within the technology community nationally, Arizona is consistently top ranked.   Cyberstates 2017 did a report based on the Computing Technology Industry Association’s analysis of 2016 data from the U.S. Bureau of Labor Statistics, the U.S. Bureau of Economic A...

In March of this year, consumer confidence in the US Market escalated to a 16 year high per USA Today! Strong job and wage growth, lofty stock prices and cheap gasoline have all been rising factors in this strong confidence for the average American. Perceptions of the economy and labor market jum...

According to a report by commercial real estate firm Marcus & Millichap, Phoenix is expected to see 2.8 percent job growth in 2017. This is up from 1.5 percent in 2016. As we look at the U.S. job growth as a whole, it is expected to be up 1.4 percent for 2017. Last year, the job market across the...

An internal review conducted by the city of Phoenix has revealed surprising information; hundreds of vacant lots. There have been many widespread voices concerned with Phoenix's management (or lack thereof) of properties.  A large portion of the city's land remains vacant. There are over 1,400 va...

In the past year, Phoenix rent prices have increased more than 5 percent, according to Apartment List's Phoenix Rent Report. Across the state, a trend of rental increases seems to be following suit as well.  One-bedroom apartments have a median rent of $870 in Phoenix. Two-bedroom apartments are ...

Zillow conducted a new survey that determined that 70 percent of current renters would become home buyers if they had a down payment available. A mortgage payment is less costly than the rising rent payments.  Renters in this study stated that finding funds for a down payment is the largest obsta...

Even though the availability for new homes is limited, mortgage loan applications are still on the rise nationally.  According to the Mortgage Bankers Association, mortgage applications for new home purchases have increased 6.7 percent, compared to March 2016. From February 2016 to February 2017,...

With the housing shortage in Southern California that continues to increase home and rental pricing, more California residents are looking for opportunities further inland; even to Arizona.  About 75,000 more people left Los Angeles County in 2016 than moved to the county from elsewhere in the Un...

For metro Phoenix, renters are feeling the ease of finally being able to take a deep breath. From back in 2015, apartment leasing / renting options have increased almost 8 percent in pricing. To react to this boom, apartment complexes are in the high demand to be built.  An apartment building boo...