Global Water Resources reports third quarter 2024 results
The W. P. Carey Greater Phoenix Blue Chip Real Estate Consensus Panel investigates Arizona's interest rate shocks and recovery between 2022 and 2024.
In this story published Nov. 6, 2024, in the Toronto Sun:
According to the W. P. Carey School of Business Greater Phoenix Blue Chip Real Estate Consensus Panel, interest rate shock negatively impacted permit activity in the Phoenix Metropolitan Statistical Area (Phoenix MSA), particularly between July 2022 and June 2023. Further, the Greater Phoenix Blue Chip Panel concluded that the recovery from that interest rate shock resulted in permit activity increasing by more than 44% in the first five months of 2024. The Greater Phoenix Blue Chip Panel anticipates single-family permit growth by more than 27% for 2024 as a whole in the Phoenix MSA.
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