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Arizona’s hot housing market is cooling quickly

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Arizona’s hot housing market is cooling quickly


PHOENIX (3TV/CBS 5) – Arizona’s sizzling housing market is cooling down rapidly. Up to now 28 days, 11,845 new residential listings have been added within the Better Phoenix space, in keeping with the Cromford Report. It’s a 34% bounce in new listings, in comparison with the common. On the identical time, rising mortgage rates of interest are pricing some would-be house consumers out of the market.

“We’re completely in the midst of the shift,” mentioned Trevor Halpern, a Phoenix-based actual property agent. “We’re see seeing a fast cooling of our market. We’re seeing a dramatic enhance within the variety of listings, the best proportion within the variety of listings that we’ve seen because the Cromford Report was monitoring that since 2011.”

Regardless of the cooling circumstances, the Phoenix space stays a sellers’ market. Nevertheless it may very well be extra balanced quickly, with consumers and sellers getting into negotiations on a fair enjoying subject. Patrons can have extra stock to select from, and sellers doubtless gained’t be promoting their properties inside hours of going in the marketplace.

“In keeping with the Cromford Report, if every little thing retains going the best way it’s going, we should always see some kind of stability in August or September. To this point, the shift towards market stability has not induced house costs to drop. The present median worth for house gross sales within the Phoenix space is $475,000. Final month it was $471,000,“ Halpern mentioned. “We haven’t seen worth decreases but. It’s laborious to say whether or not we’ll see them or not. It actually will depend on the place rates of interest go. Now consumers are ready the place they’ll negotiate; nonetheless with their rate of interest, they might be priced out of the market just because rates of interest have gone up a lot.”

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The present common 30-year fixed-rate mortgage is round 6%. For scale, only a 12 months in the past it was hovering shut to three%.



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Arizona

Arizona extends win streak, leads UCF wire-to-wire

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Arizona extends win streak, leads UCF wire-to-wire


TUSCON, Ariz. (AP) — Caleb Love scored 16 points, Anthony Dell’Orso made 9 of 9 from the free-throw line and finished with 15 points and Arizona beat UCF 88-80 Saturday night to extend its win streak to six games.

Love made 4 of 7 from 3-point range, grabbed eight rebounds and had six assists. Henri Veesaar added 14 points, Tobe Awaka scored 11 and KJ Lewis 10 for Arizona (10-5, 4-0 Big 12).

Love hit a pair of free throws to open the scoring about a minute into the game, followed with a 3-pointer to make it 5-0 and Arizona never trailed. The Wildcats scored nine consecutive points to take a 14-point lead when Awaka threw down a dunk with 9:38 remaining before halftime.

Darius Johnson hit a 3-pointer for UCF that tied it at 45-all 13 seconds into the second half but Trey Towsend made the first of two free throws 23 seconds later to give Arizona the lead for good. Jaden Ivy-Curry’s 3 cut the deficit to 53-50 but the Wildcats scored 13 of the next 17 points and led by at least eight points for the final 13 minutes.

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Keyshawn Hall led UCF (11-4, 2-2 Big 12) with 22 points and Johnson scored 18.

Rokas Jocius converted a three-point play to spark an 18-6 spurt that made it 42-all but Trey Townsend was fouled as he made a layup and hit the and-1 free throw to give Arizona a three-point lead at the intermission.

Arizona made 15 of 30 from the field in the first half but the Knights, who shot 37% (14 of 38), used a 12-3 advantage on the offensive glass to outscore the Wildcats 11-3 in second-chance points.



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Rams regroup in Arizona to prepare for Monday's playoff game vs. Vikings

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Rams regroup in Arizona to prepare for Monday's playoff game vs. Vikings


“There’s a feeling amongst the team — this if for LA,” Williams said. “This is for hope back at home that they can cling onto, that the Rams are going to be the people who can take them away from whatever they’re going through for a few hours on Monday.”

Los Angeles (10-7) will play the Vikings (14-3) at the Cardinals’ State Farm Stadium on Monday night. The league announced Thursday that the game would be moved because of the continued threat of wildfires and the potential strain on public services.

The Cardinals opened their training facility in Tempe for the Rams’ use, and there was a big banner that said “Welcome Los Angeles Rams” with the logo of both teams on the entrance gate. Cardinals owner Michael Bidwill sent two team planes to LA on Friday to help the team’s journey to Arizona. The Rams’ players were allowed to bring their families — and even some pets — along for the ride.

“It was cool to have that experience with my boys and with my wife,” Rams receiver Cooper Rush said. “Obviously, to be here, super thankful for the Rams with how they’ve been able to take care of the families in the organization.”

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Los Angeles still hopes for a sizable homefield advantage for Monday’s game, even if it’s roughly 375 miles and a six-hour drive from SoFi Stadium. The team’s season ticket holders bought 25,000 tickets in the first hour of availability Friday and the team has arranged for at least 15 buses to drive fans from Inglewood for the game.

More travel aids are being contemplated.

In some ways, State Farm Stadium has been the Rams’ home away from home for a decade. Los Angeles won nine straight games in Arizona before the streak was snapped earlier this season. McVay said Los Angeles requested the vistors locker room on Monday — even though they’re still the home team — because of their familiarity with the space.

“For the most part, we’ve played pretty well in this stadium,” Kupp said. “It’s grass, too, which is a big bonus. I’ll take any chance we have to play on grass.”

Just a few Rams employees had been directly affected by the fires until Thursday afternoon, when the Kenneth Fire broke out a few miles from the team’s training complex in suburban Woodland Hills, sending smoke billowing into the sky with alarming speed.

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Defensive lineman Kobie Turner said receiver Puka Nacua’s house was in an evacuation warning zone, so he came over and slept at his house one night. Turner said the tight-knit team has become even closer during the ordeal, looking out for one another.

The Rams have faced adversity on the field all season, recovering from a 1-4 start to win the NFC West. This is just another hurdle.

And considering what so many in L.A. are going through, they’re not going to complain.

“At the end of the day, it’s a playoff game,” Turner said. “You don’t get too many of these.”



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TSMC’s Arizona Fab 21 is already making 4nm chips

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TSMC’s Arizona Fab 21 is already making 4nm chips


TSMC has started producing chips at its Fab 21 near Phoenix, Arizona, using its 4nm-class process technology, Commerce Secretary Gina Raimondo told Reuters. This marks the first time such a cutting-edge production node has been manufactured in the United States. The confirmation from a high-ranking official comes months after the first unofficial information emerged that the fab was mass-producing chips for Apple.

“For the first time ever in our country’s history, we are making leading-edge 4nm chips on American soil, American workers — on par in yield and quality with Taiwan,” Raimondo told Reuters.

For the first time ever, we are making leading-edge 4nm chips on American soil.

Commerce Secretary Gina Raimondo

According to unofficial information, TSMC’s Fab 21 in Arizona is manufacturing at least three processor models: the A16 Bionic system-on-chip used in Apple’s iPhone 15 and iPhone 15 Plus; the main processor of Apple’s S9 system-in-package for smartwatches, which has two 64-bit cores and a quad-core neural engine; and an AMD Ryzen 9000-series CPU. These chips are produced on TSMC’s 4nm-class—N4 and N4P—process technologies.

The TSMC Arizona project is instrumental to the U.S. goal of producing 20% of the world’s most advanced logic chips by 2030, which the Biden administration set a few years ago before enacting the CHIPS and Science Act. TSMC’s Fab 21 in Arizona produces chips for American companies in volumes (it is rumored that currently, the facility’s production capacity is around 10,000 wafer starts per month), clear evidence that the initiative works.

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Under the CHIPS and Science Act, the U.S. Commerce Department provided TSMC with $6.6 billion in grants and up to $5 billion in loan guarantees. The Fab 21 site will require funding of about $65 billion to include three fab modules that are set to be constructed and launched online by the end of the decade.

The first Fab 21 phase 1 module will officially start mass production using 4nm and 5nm-class process technologies. The next Fab 21 phase 2 is expected to follow in 2028 with 3nm-class process technologies. By the decade’s end, TSMC expects to build its Fab 21 phase 3, which will produce chips on 2nm-class and 1.6nm-class nodes and their variations with backside power delivery.



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