Real Estate, Rental and Leasing Earnings in Arizona
AZEREA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,821,305.00
Year-over-Year Change
1.37%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Real Estate, Rental and Leasing Earnings in Arizona' metric measures total earnings within this sector in the state of Arizona. It provides insight into the economic health and growth of real estate-related industries.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks total earnings, which include wages, salaries, and supplements, in the real estate, rental, and leasing industries in Arizona. It is an important indicator of activity and investment levels in the state's property markets.
Methodology
The data is collected and published by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to assess Arizona's real estate market conditions and their broader economic implications.
Key Facts
- Arizona's real estate earnings totaled $22.4 billion in 2021.
- This sector accounts for over 10% of the state's total economic output.
- Real estate earnings in Arizona have grown by 25% since 2015.
FAQs
Q: What does this economic trend measure?
A: The 'Real Estate, Rental and Leasing Earnings in Arizona' metric tracks total earnings, including wages and salaries, within this industry sector in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and growth of Arizona's real estate-related industries, which are a significant driver of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess conditions in Arizona's real estate market and evaluate their broader economic implications.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Estate, Rental and Leasing Earnings in Arizona (AZEREA), retrieved from FRED.