by Jonathan Eberle | Sep 16, 2025 | Economy, News
By Jonathan Eberle |
According to a new report from the Common Sense Institute (CSI), inflation in the Phoenix metro area rose 1.4% year-over-year in August, as measured by the Consumer Price Index (CPI). The increase marks a climb from June’s 0.8% reading and ends a four-month stretch where local inflation hovered below 1%.
As noted by the report, the uptick comes as Arizona’s economy shows signs of slowing, with weaker job growth and a cooling housing market. Still, compared with much of the nation, inflation in Phoenix remains subdued. Among the 23 metro areas tracked monthly, Phoenix ranked 20th in year-over-year price growth, continuing a dramatic reversal from 2022 and 2023, when the region routinely topped the list for fastest-rising prices.
Nationally, inflation picked up in August, rising 2.9% from a year earlier after holding steady at 2.7% in the prior two months. Prices across the country have now exceeded the Federal Reserve’s 2% target for more than two years.
Since August 2019, consumer prices in Phoenix have climbed 30.2%, adding about $1,525 in monthly costs for the average Arizona household. Nationally, prices are up 26.3% over the same period. Typically, inflation would run closer to 10% in a five-year span. On a two-month basis, Phoenix saw a 0.9% increase from June to August, tying January for the largest short-term jump of the year. Nationally, prices rose 0.6% over that period.
Housing costs remain a key driver of Phoenix’s relatively low inflation reading. Shelter prices fell 0.1% year-over-year in August, the fourth consecutive month of negative growth. Excluding shelter, inflation in the Valley was 2.3%—still below the national average, but nearly double the headline local figure. The Federal Reserve, which aims to balance price stability with job growth, faces a complicated outlook. While local inflation has hovered below target for nearly a year, national prices have not fallen under 2.3% since 2021.
Jonathan Eberle is a reporter for AZ Free News. You can send him news tips using this link.
by Jonathan Eberle | Aug 11, 2025 | Economy, News
By Jonathan Eberle |
The Greater Phoenix housing market continued its gradual reset in June 2025, signaling a clear shift in momentum from sellers to buyers according to a report from The Ravenscroft Group. Home prices dipped modestly, builders ramped up incentives, and buyers found themselves in the strongest negotiating position in years—marking a pivotal moment for one of the nation’s hottest real estate regions.
While not a repeat of the 2008 housing crash, market data shows a softening across key indicators, as elevated mortgage rates, seasonal slowdowns, and affordability pressures weigh on demand.
According to the group, the median sales price in Phoenix edged down to $449,500, a 0.3% dip from May’s $451,000. Phoenix’s Market Index—a measure of supply vs. demand—fell to 71, further cementing the area’s tilt toward a buyer’s market.
With 30-year fixed mortgage rates hovering around 6.89%, homebuilders are stepping in to maintain momentum. Many are offering interest rate buydowns into the mid-3% range, along with generous closing cost credits, appliance packages, and landscaping perks. This reality has made new construction homes particularly appealing to buyers, many of whom are priced out of the resale market due to borrowing costs.
Real estate trends varied across the Valley in June. Buckeye saw the steepest price shift at -8% while Fountain Hills and Phoenix proper each declined by -6%. Cave Creek transitioned into buyer’s market territory, and Avondale moved from a seller’s to a balanced market.
As of June, the groups says 2 cities are in seller’s markets, 7 cities are considered balanced, and 9 cities have shifted into buyer’s market territory. Outlying cities like Arizona City, Casa Grande, and Gold Canyon lean even more heavily toward buyers.
High recurring costs—such as HOA dues and special assessments—are driving buyers away from attached housing. The listing success rate for condos and townhomes dropped to 58% in May, the lowest since 2011. Manufactured homes fared worse, with fewer than half of listings resulting in a sale.
The Phoenix housing market isn’t collapsing—it’s correcting. Buyers are better positioned than they’ve been in years, and sellers are being forced to recalibrate.
This moment offers unique opportunities for those ready to act—especially in a region still driven by long-term population growth and economic expansion. But navigating it successfully will take strategy, patience, and flexibility on both sides of the deal.
Jonathan Eberle is a reporter for AZ Free News. You can send him news tips using this link.
by Matthew Holloway | Jun 27, 2025 | News
By Matthew Holloway |
After 28 years, the sound of passenger trains arriving in Phoenix could return as soon as 2030. The Federal Railroad Administration has approved the essential scoping documents that will allow the Arizona Department of Transportation to create a Service Development Plan, completing the first stage of the Phoenix-Tucson Intercity Passenger Rail Corridor Study.
The effort will propose passenger rail service along a 158-mile corridor between the greater Phoenix and Tucson metropolitan areas and will include re-routing the Amtrak Sunset Limited back through Phoenix according to ADOT.
According to Federal Railroad Administration’s FY22 Corridor Identification and Development Program Selections, “The proposed corridor would reconnect Phoenix (Buckeye) to Tucson, AZ, with multiple daily frequencies. The proposed corridor would reinstate service on an existing alignment over which Amtrak discontinued service in 1997, rerouting the long-distance Sunset Limited to a more southerly alignment through Maricopa, AZ (the corridor would use the same route as the existing Sunset Limited/Texas Eagle between Picacho and Tucson, AZ). The corridor sponsor would enter Step 1 of the program to develop a scope, schedule, and cost estimate for preparing, completing, or documenting its service development plan.”
Step 1, as described by the 2022 document, has now been completed.
The Sunset Limited Route, and Amtrak service overall, was diverted from Phoenix following the attack that resulted in the derailment of the train at 1:35 a.m. on October 9, 1995, near Palo Verde, Arizona, 70-miles southwest of Phoenix.
The infamous derailment caused the death of an Amtrak employee and serious injuries to 12 others, along with minor injuries to 100 of the 258 passengers aboard. It remains one of the most famous cold cases in FBI history with no suspects despite a $310,000 reward still offered by several agencies for information leading to the arrest and conviction of the attacker.
Since 1997, Phoenix has remained disconnected from the Amtrak Intercity Rail system with riders required to use buses or drive to the Amtrak depot in Maricopa, Arizona, 38-miles to the south, or about an hour’s drive in traffic.
Democrat Congressman and former Phoenix Mayor Greg Stanton hailed the announcement in a post to X writing, “I’ve been fighting to restore Amtrak service to Phoenix for a long time, and today it’s one step closer to becoming a reality.”
In a written statement, current Arizona Gov. Katie Hobbs commented, “This is a big step forward for Arizona. I am committed to creating a bright transportation future for our state that fosters economic growth, creates jobs and expands transit opportunities for working people and families.”
The second stage of the process, the creation of a Service Development Plan, is expected to take two to three years after a crucial federal grant is approved, which is anticipated in the weeks to come per ADOT. The study, already funded with a $10.6 million budget, will include technical analysis of “capital and service requirements for passenger rail service; preliminary engineering and costs for capital improvements, such as stations, parking lots and trains; station locations; [and] service scenarios based on ridership potential.”
Matthew Holloway is a senior reporter for AZ Free News. Follow him on X for his latest stories, or email tips to Matthew@azfreenews.com.
by Matthew Holloway | Jun 8, 2025 | News
By Matthew Holloway |
Arizona’s federal immigration court in Phoenix became off-limits to anti-immigration enforcement protestors and journalists covering them on May 21st when private security ordered them off the property. On May 28th, the Phoenix Police Department issued another warning to the protestors that they could be criminally cited for trespassing. The situation in Arizona is unique for the activists seeking to disrupt deportations because the Federal Immigration Court in Phoenix is located in a privately-owned office building.
Journalists covering the legal proceedings themselves are permitted inside the court as one would normally expect. However, the anti-ICE radicals who have sought to disrupt immigration proceedings in cities across the country, and the reporters following in their wake, are stymied by the newly installed “No Trespassing” signs and ropes to bar them from the private property.
The outlet reported Friday that activist groups and ASU’s First Amendment Clinic (FAC) expressed that the legal situation for protestors and reporters is unclear. Gregg Leslie, executive director of FAC explained, “Right now, it’s not all that clear because of the oddity of how this is all managed. Where the government’s rights take over versus the landlord’s rights, versus the other tenants’ rights.”
He added that the public “right of access,” exists largely as a function of whether a location is on publicly owned land or private land. This is complicated by the courtroom’s location on the third floor of a privately owned building. “If it’s private land owned for public access, there are certain allowances for there being greater public access to it,” he told the outlet.
The protests and subsequent restrictions came following a series of arrests on May 20th and 21st which found dozens of illegal aliens arrested after immigration charges against them were dismissed. Protestors gathered in front of the building chanted “No More ICE!” among other slogans including Spanish profanity. At least one protestor allegedly attempted to pull off an officer’s face covering.
Matthew Holloway is a senior reporter for AZ Free News. Follow him on X for his latest stories, or email tips to Matthew@azfreenews.com.
by Matthew Holloway | May 27, 2025 | News
By Matthew Holloway |
An investigation by Republican Reps. David Marshall, Walt Blackman, and Quang Nguyen found that the City of Phoenix has distributed over $28.5 million of taxpayer funding to more than 100 private organizations with a shocking lack of oversight. Now, the Goldwater Institute is asking Arizona Attorney General Kris Mayes to intervene and stop what it termed an “unlawful spending spree.”
Citing the legislative findings, the Goldwater Institute alleges that “Organizations like the Phoenix Film Foundation, Phoenix Pride Inc, Mexican Baseball Fiesta LLC, the Arizona Science Center’s Galaxy Gala, and many others received subsidies—sometimes simultaneously by multiple departments—under questionable labels like ‘Sponsorships,’ ‘Grants and Subsidies,’ ‘Emerg[ency] Assist[ance],’ or ‘Miscellaneous.’ The city has no lawful authority to spend public money in this way.”
Parker Jackson, a staff attorney at the Goldwater Institute, said in a statement, “This effectively turns large portions of the city’s budget into a patchwork of slush funds that special interests can access in the sole discretion of a single city employee. Amazingly, the city ‘does not track donations by nonprofit status,’ so it does not know exactly how much taxpayer money has been funneled out through this opaque process.”
The reported “Sponsorships,” “Grants and Subsidies,” “Emerg[ency] Assist[ance],” or “Miscellaneous” donations run afoul of the Arizona State Constitution’s Gift Clause according to Jackson in a letter to the Attorney General co-signed by Jon Riches, the Goldwater’s Vice President for Litigation.
Riches wrote, “Most—if not all—of these expenditures appear to violate the Arizona Constitution’s Gift Clause, which strictly prohibits use of public funds to benefit private, special interests. Not only is it doubtful that these allocations serve a legitimate public purpose, but there also appears to be no direct or measurable consideration received in return for this use of public resources.”
The Arizona Constitution under Article 9 Section 7 states, “Neither the state, nor any county, city, town, municipality, or other subdivision of the state shall ever give or loan its credit in the aid of, or make any donation or grant, by subsidy or otherwise, to any individual, association, or corporation, or become a subscriber to, or a shareholder in, any company or corporation, or become a joint owner with any person, company, or corporation, except as to such ownerships as may accrue to the state by operation or provision of law or as authorized by law solely for investment of the monies in the various funds of the state.”
The Goldwater attorneys have called on Mayes to “[e]njoin the illegal payment of public monies” and to “[r]ecover illegally paid public monies,” under A.R.S. § 41-194.01 and A.R.S. § 35-212 respectively.
Jackson wrote in a Goldwater Institute press release that the finding by the Arizona legislature may seem familiar to keen observers: “If treating taxpayers as financiers for private entities—even controversial and ideological ones—sounds familiar, that’s because it mirrors what has been exposed throughout the federal government this year. For example, the U.S. Agency for International Development (USAID) was aptly described as ‘a slush fund for leftist priorities’ after the White House exposed decades of waste and abuse in that agency.”
In a video posted to X, Jackson said, “At the end of the day, public dollars should be used for public purposes… not to enrich special interests at a bureaucrat’s whim.”
Matthew Holloway is a senior reporter for AZ Free News. Follow him on X for his latest stories, or email tips to Matthew@azfreenews.com.
