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Housing Affordability in Arizona: Quarter 1 2024 Update

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The housing market in Arizona – and particularly in the Phoenix area – remains tight. After falling for about six months in late 2022, average home prices in the region have been largely flat.  Interest rates have continued rising – reaching highs of 7.6% in late 2023, before settling in a range of 6.5% to 7.0% since. High prices and borrowing costs have combined to make buying conditions more miserable than ever for buyers in the greater Phoenix area.

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Arizona Government Budget Competitiveness Index

Arizona Government Budget Competitiveness Index

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A thriving economy depends in part on an efficient government that operates at sustainable levels. One measure of efficiency: given the powers and duties reserved to and assumed by a government, how much does it take from the broader economy to accomplish them?

Common Sense Institute Arizona Belief Statement

We believe sound fiscal and economic research is essential to uphold Arizona’s economic vitality, future, and individual opportunity. 

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CSI Arizona on Instagram

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Apr 17

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Arizona's ESA program growth was lower than expected, in part due to demographic decline. How will this affect education funding? Find out in CSI's full report: link in bio.

Arizona`s ESA program growth was lower than expected, in part due to demographic decline. How will this affect education funding? Find out in CSI`s full report: link in bio. ...

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Apr 15

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We're thrilled to welcome Beau Lane to the Board of Directors of the Common Sense Institute Arizona! His expertise and leadership will be invaluable in shaping the future of CSI. Learn more about Beau: link in bio.

We`re thrilled to welcome Beau Lane to the Board of Directors of the Common Sense Institute Arizona!

His expertise and leadership will be invaluable in shaping the future of CSI. Learn more about Beau: link in bio. ...

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Apr 15

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This #TaxDay, CSI is highlighting the impact of QCOs, over 200,000 Arizonans are supporting non-profits and fueling our communities. DYK? These donations have led to a $700M to $2.5B increase in AZ's GDP & created up to 40K jobs annually. Learn more: link in bio.

This #TaxDay, CSI is highlighting the impact of QCOs, over 200,000 Arizonans are supporting non-profits and fueling our communities.

DYK? These donations have led to a $700M to $2.5B increase in AZ`s GDP & created up to 40K jobs annually.

Learn more: link in bio. ...

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Apr 13

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Wishing all the runners a successful Pat's Run today! 🏃‍♂️🏅 CSI honors the enduring legacy of Pat Tillman and his sacrifice for our state and nation.

Wishing all the runners a successful Pat`s Run today! 🏃‍♂️🏅

CSI honors the enduring legacy of Pat Tillman and his sacrifice for our state and nation. ...

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Apr 12

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March Madness is an economic win for Arizona, delivering a whopping $250M-$300M economic impact. Sports and tourism are key drivers of Arizona's activity, generating billions in GDP and supporting thousands of jobs. Dive into the full report here: link in bio.

March Madness is an economic win for Arizona, delivering a whopping $250M-$300M economic impact.

Sports and tourism are key drivers of Arizona`s activity, generating billions in GDP and supporting thousands of jobs.

Dive into the full report here: link in bio. ...

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Apr 10

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With 150,000 fans expected, including 39% from out of state, the Final Four is estimated to bring $162.2M in visitor spending to Phoenix. Dive into our findings to see how large-scale events like this shape our economy. Check out the full report here: link in bio.

With 150,000 fans expected, including 39% from out of state, the Final Four is estimated to bring $162.2M in visitor spending to Phoenix.

Dive into our findings to see how large-scale events like this shape our economy.

Check out the full report here: link in bio. ...

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Apr 9

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The Final Four returned to pre-pandemic glory with an estimated 75,000 attendees — and projected to generate $300M in economic activity. This event is a slam dunk for the local economy. Read more about our report: link in bio.

The Final Four returned to pre-pandemic glory with an estimated 75,000 attendees — and projected to generate $300M in economic activity. This event is a slam dunk for the local economy.

Read more about our report: link in bio. ...

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Apr 8

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Preliminary attendance counts confirm our projections: This year's Final Four was a huge success for Glendale and the Phoenix area. Learn more about the economic effect of this highly attended tournament in our most recent report: link in bio.

Preliminary attendance counts confirm our projections: This year`s Final Four was a huge success for Glendale and the Phoenix area. Learn more about the economic effect of this highly attended tournament in our most recent report: link in bio. ...

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COMMON SENSE INSTITUTE ARIZONA’S MISSION

CSI Arizona’s mission is to examine the fiscal impacts of policies, initiatives, and proposed laws so that residents are educated and informed on issues impacting their lives. Common Sense Institute was founded in 2010 originally as Common Sense Policy Roundtable in Colorado. CSI’s founders were a concerned group of business and community leaders who observed that divisive partisanship was overwhelming policymaking and believed that sound economic analysis could help residents make fact-based and common sense decisions.