Aerospace & defense is interwoven in our state’s economy with its extensive range of manufacturing and engineering, from aircraft to optics, weapons systems to drone detection, and parts to software. Four of our major A & D businesses help us gain a snapshot view of the current strength of the industry and what bodes for the future. … [More]
Inside Phoenix’s Members-Only Dining Movement
Once considered the “Wild West,” Phoenix has swiftly become a cultural and culinary hotspot, rivaling the likes of Los Angeles, New York City, Austin and San Francisco. Within the past few years, Phoenix has seen a notable increase in members-only dining clubs that cater to affluent locals and tourists alike who seek exclusivity and elevated experiences. This trend, already … [More]
Investors Buy Nearly One-Third of Homes Sold Nationally in 2025
Cotality, a global provider of property information, analytics, and data-enabled solutions, released its latest update on investor activity in the U.S. housing market. Investor activity dipped slightly in the second quarter of 2025 but remains elevated compared to years past. In January, investors accounted for 32% of single-family home purchases. By June the … [More]
Phoenix Construction Market Holds Steady with Targeted Growth amid Tariff Pressures
Phoenix’s construction market is seeing targeted growth across industrial, retail, healthcare and office improvements, as developers adapt to shifting demand and new tariff pressures, according to LGE Design Build’s newly released Q3 2025 Construction Delivery Outlook. “Phoenix’s construction market remains active, but developers are moving forward with a sharper focus,” said … [More]
Valuation Experts Rank States by Business Formation, Arizona Misses Top Ten
Business valuation experts Eton Venture Services analyzed United States Census Bureau data on the number of new business formations in each state from January to May in 2025. To reduce the effects of population bias, the ranking has been determined by the states that have had the highest rate of business formations per 100,000 people. Arizona is 16th in the US for … [More]
Small Business Inflation Reaches Crisis Level, Hitting Arizona Hardest
Small businesses in Arizona are struggling to beat inflation more than anywhere else in America, a financial expert has revealed. The study from Lido.app examined challenges facing small companies across all 50 states, tracking employment figures, wage shifts, utility expenses, and price jumps between 2020 and 2024 to measure inflation's impact. Arizona placed last overall … [More]
Home Purchases Are Getting Canceled at a Record Rate, Phoenix Bucks the Trend
Roughly 58,000 U.S. home-purchase agreements were canceled in July, equal to 15.3% of homes that went under contract last month, according to a new report from Redfin, the real estate brokerage powered by Rocket. That’s up from 14.5% a year earlier and marks the highest July rate in records dating back to 2017. This is based on a Redfin analysis of MLS pending-sales … [More]
Arizonans Are Waiting More Than 8 Years to Buy a Home, According to Study
A new study, conducted by Chicksx, analyzed data from the Bureau of Economic Analysis and the US Census Bureau to determine how long the average earner in each state needs to save for a home. In first place is Hawaii, with housing affordability statistics for 2023 showing that Hawaii homes reach a median value of $846,400. With just $489 left over each month for resident of … [More]
Phoenix Home Values Could See 20% Correction in New Year, Says Study
Everyone knows real estate is local, and some markets are riskier than others. NewHomeSource examined active listings, affordability, community count, employment growth, homeowner insurance burden, net migration, and price appreciation to determine these are the 11 riskiest markets to buy a house in right now. These are the markets facing the sharpest imbalance … [More]
America’s Leadership Crisis: Confidence Wanes across All Sectors
Americans are losing trust in institutions and expressing deep dissatisfaction with the state of U.S. leadership across nearly every facet of society, according to a new poll published by U.S. News & World Report and conducted in April of 2025 by The Harris Poll. The survey explored Americans’ views of leadership in public service, business, education and … [More]
YTD Property Values: Arizona Ranks among Worst Performing States
Experts at Portland Real Estate analyzed house prices data across all 50 U.S. states to show which ones had the most substantial property value changes between January and June 2025. Top 10 states with the highest house price increase Rank State Median price in January Median price in … [More]
Small Business Optimism Rises Slightly in July as Businesses Look to Expand
The NFIB Small Business Optimism Index rose 1.7 points in July to 100.3, slightly above the 52-year average of 98. Contributing most to the rise in the Optimism Index were respondents reporting better business conditions and reporting that it is a good time to expand. In contrast to the Optimism Index, the Uncertainty Index increased by eight points from June to 97. Twenty-one … [More]
Used EV Share Rises on Expanded Inventory, SUVs Drive Growth
Carvana Co., an industry pioneer for buying and selling used cars online, released an EV Trends Report, highlighting continued momentum in battery electric vehicle (EV) and plug-in hybrid (PHEV) (together, “electrified vehicles”) adoption. The report shows electrified vehicles now 9% of Carvana’s retail unit sales, with SUV models driving much of the growth in recent … [More]
Phoenix Identified as Strategic Growth Market by National Construction Co.
National general contractor, JE Dunn Construction, has identified Phoenix as a strategic growth market for its Advanced Facilities Group (AFG), citing surging demand for mission critical, semiconductor and industrial facilities. To spearhead regional growth and further expand its semiconductor and industrial capabilities in the Southwest, the company has hired veteran Dave … [More]
Small Changes, Big Impact: Low-Cost Ways to Support Employees through Inflation
As inflation headlines re-emerge, many employers are contemplating shifts in their remote and hybrid work policies. Organizations are working hard to balance two competing priorities: being sensitive to the financial pressures employees are facing, while also managing budgets and controlling costs to maintain sustainable business practices, all while ensuring the culture of the … [More]
Income Needed to Buy a Home Declines, Phoenix Drops Nearly 2%
Homebuyers need to earn $112,131 per year to afford the $447,035 median priced U.S. home, little changed (+0.5%) from a year ago. But in 11 of the 50 most populous U.S. metropolitan areas, the income needed to afford a home has declined. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. The income needed to afford a home is falling in … [More]
Pandemic Boom States See Dip, Average Valley Home Price Down More Than $5K
Florida's housing market has dropped in value more than any other state according to a new study, with property values dropping $8,797 in just 12 months. The analysis by cash buying firm PPS House Buyers examined Zillow's housing data from spring 2024 to March 2025. This was used to uncover which states suffered the steepest declines in home values. The five states with … [More]
Generational Divide Shapes Customer Service Expectations, Survey Reveals
Nearly half of U.S. shoppers say customer service provided by businesses is getting worse, according to results from the latest GoDaddy Consumer Pulse survey* – yet Gen Z and Millennials remain more upbeat than their parents' generations. According to GoDaddy's survey of 1,500 U.S. consumers, only 20% of respondents say customer service has improved recently, compared to 42% … [More]
