The Western Maricopa Coalition (WESTMARC), in partnership with CBRE, is proud to release the “Why West Valley” report—an in-depth analysis showcasing the region’s rapid economic growth, expanding workforce, and exceptional advantages for business attraction and expansion. As companies across the country evaluate where to relocate or grow, the West Valley has emerged as a … [More]
Arizona Tops List of States with Biggest Rise in Homeownership since 2014
New research has revealed the states with the biggest increases and decreases in homeownership over the past decade. The study by Eden Emerald Mortgages, using data from the U.S. Census Bureau's Current Population Survey/Housing Vacancy Survey, analyzed homeownership rates across all states from 2014 to 2024 to identify which regions have experienced the most significant … [More]
Far Fewer Canadians Are Searching for Homes in the U.S. Than Last Year
Fewer Canadians are searching for homes in the once-popular destinations like Miami and Phoenix than were at the start of 2025, before the U.S. instituted steep tariffs on Canada and relations between the two countries started suffering. This is according to a new report from Redfin, the technology-powered real estate brokerage.The number of Canadian Redfin.com users searching … [More]
Arizona Economic Development on Hot Streak in 2025
Following an unprecedented streak of record setting years, Arizona economic development efforts reached still greater heights in Fiscal Year 2025 (FY25). In the 12-month fiscal period that ended on June 30, 2025, the Arizona Commerce Authority (ACA) and local economic development agencies successfully worked with companies that committed to creating a projected 24,285 new … [More]
Small Business Optimism Remains Steady in June
The NFIB Small Business Optimism Index remained steady in June, edging down 0.2 of a point to 98.6, slightly above the 51-year average of 98. A substantial increase in respondents reporting excess inventories contributed the most to the decline in the index. The Uncertainty Index decreased by five points from May to 89. Nineteen percent of small business owners reported taxes … [More]
Housing Market at a Crossroads: Inventory Climbs but Some Sellers Hold Out
The Realtor.com June Housing Trends Report reveals a new stand-off between buyers and sellers in today's evolving real estate landscape. While active inventory climbed 28.1% year-over-year to hit a fresh post-pandemic high, some homeowners are choosing to pull their listings from the market. In May, delistings rose 47% from a year ago, and have trended 35% higher year-to-date. … [More]
Inventory Stagnates as Phoenix Condo Sales Slide More Than 30%
The median U.S. condo sale price fell 2.2% year over year to $354,100 in May—the second largest drop in records dating back to 2012. That’s according to a new report from Redfin, the technology-powered real estate brokerage. The only time condo prices posted a larger year-over-year decline was in April 2023 (-2.9%), and that was largely because roughly one year prior, prices … [More]
Job Openings Remain a Challenge for Main Street in June
NFIB’s June jobs report found that 36% (seasonally adjusted) of small business owners reported job openings they could not fill in June, up two points from May. “Despite the slowing labor market, many small business owners are still looking to attract applicants and hire for their open positions,” said Chief Economist Bill Dunkelberg. “Compensation pressures remain strong … [More]
Treasury Management Solutions: Making a Payables Strategy Work for Your Business
An efficient working capital plan includes a comprehensive approach with solutions tailored to each business's specific needs. One thing all businesses have in common is the need to create operational efficiencies, and effective treasury management offers multiple ways to achieve that through a deliberate payables strategy. Gaining Efficiency while Maximizing Card … [More]
Buyers Need a $17,000 Raise to Afford a Home
Five years ago, a median-income household could afford a typical U.S. home. Today, they're more than $17,000 short, even if they have $73,000 saved for a down payment, a new Zillow® analysis finds. While the housing market is friendlier to buyers this spring, with more homes for sale and a record number of sellers cutting their list prices, incredible home … [More]
Q1 Arizona Economic Insights Findings Released, Likely Higher Risks Seen for Q2
The Greater Phoenix Chamber and BOK Financial have released the First Quarter Arizona Economic Insights Dashboard findings. This enhanced tool provides access to real-time, interactive data updates on Arizona’s ever-changing economic landscape. The public can access detailed insights into key indicators such as unemployment, GDP, job projections, population changes, average … [More]
Home Sales Slide as More Markets Lose Momentum
Zonda's May 2025 New Home Market Update shows we've moved from a market where consumers have few housing options, to one where they are spoiled for choice. On the resale front, supply has notably increased with 60% of the top markets boasting more inventory than in 2019. The rental market — particularly in Sunbelt areas — has also seen a surge in new apartments, which has meant … [More]
Greater Phoenix Residential Home Sales Buck National Trends
In May 2025, Greater Phoenix broke from the national mold in residential real estate performance as single-family home sales outperformed those nationwide, according to Phoenix REALTORS® data. Across the United States, in year-to-date comparisons with 2024, the National Association of REALTORS® reports that median home sales prices are down 0.6%, new listings have decreased by … [More]
Arizona at the Forefront of Aerospace and Defense
As the Paris Air Show kicks off, Arizona’s premier aerospace and defense (A&D) attractiveness is once again on the global stage. Home to some of the world’s largest A&D companies, innovative startups, and next-generation technologies and manufacturing, Arizona is at the forefront of the aerospace and defense industry. Over the last five years, Arizona has attracted … [More]
10 Hottest U.S. New Home Markets Revealed, Metro Phoenix High on List
Since 2005, Zonda's BUILDER has revealed the largest U.S. new-home markets through its Local Leaders list, which includes the top 10 builders within each. BUILDER's 50 hottest home building markets in 2025 went live. This year the list is dominated by Texas, Arizona, Georgia, and Florida in the top eight spots. The Sunbelt continues to have a strong presence on Local Leaders … [More]
Their Take: Growth Isn’t the Problem—It’s the Answer
Arizona has experienced a bonanza of population and job growth over the last five years, and it's transforming our economy in exciting ways. Since 2020, roughly 100,000 people have moved to our great state every year, according to the Common Sense Institute. The momentum shows no signs of slowing. From major manufacturing to high-tech and corporate relocations, job growth has … [More]
First In-Depth Analysis of Waymo’s Entry into the Rideshare Market Released
Obi, the global real-time aggregator for rideshare prices, released The Road Ahead: Pricing Insights on Waymo, Uber and Lyft, a data-driven analysis comparing the rideshare giants in the real world. With hour-by-hour data from nearly 90,000 rides in San Francisco, and consumer surveys from over 500 riders across Phoenix, Los Angeles, and San Francisco, the report offers the … [More]
Survey: Americans Are Torn on How Immigration, Tariffs Impact Housing Affordability
Over half of U.S. homeowners and renters (51.2%) strongly or somewhat agree with the following statement: “Less immigration will result in fewer construction workers, and thereby fewer new homes, making homes more expensive.” That’s according to a new survey commissioned by Redfin, the technology-powered real estate brokerage. But much of the nation holds the opposite view; … [More]
