The median U.S. home-sale price hit a record $383,725 during the four weeks ending April 21, up 5.2% from a year earlier—one of the biggest jumps since October 2022. That’s according to a new report from Redfin, the technology-powered real estate brokerage. The Phoenix Metro area saw a 25.8% year-over-year increase in new listings in this period. The average weekly … [More]
Forecasting: Four Things We’re Watching for Phoenix Businesses in 2024
Right now, Phoenix businesses are navigating a unique landscape that is growing with a swelling population and booming industries while facing economic challenges such as housing and cost of living. While some things are out of business owners’ hands, the market is offering signs of what 2024 may hold. The ability to adapt to a rapidly changing landscape using the right … [More]
Department of Gaming Reports $28.6M in Tribal Gaming Contributions for Q3
The Arizona Department of Gaming (ADG) announced $28,578,515 in tribal gaming contributions to the Arizona Benefits Fund for the third quarter of Fiscal Year (FY) 2024. This amount represents an approximate 3.5 percent increase when compared to the same quarter of FY 2023. “In the third quarter of Fiscal Year 2024 Arizona’s tribal gaming industry maintained its steady … [More]
Home Flipping Plummets across U.S., Phoenix Tops List
ATTOM, a leading curator of land, property, and real estate data, released its year-end 2023 U.S. Home Flipping Report, which shows that 308,922 single-family homes and condos in the United States were flipped in 2023. That was down 29.3 percent from 436,807 in 2022 – the largest annual drop since 2008. The report further reveals that as the number of homes flipped by … [More]