New research has named the states where the homeownership rates have changed the most in the last decade. The study, conducted by the real estate site New Jersey Real Estate Network, analyzed US Census data from 2014 to 2024 on the percentage of homeowners in each state, to identify where experienced the highest rise and decline in rates. According to the … [More]
Arizona Voters Want Long-Term Planning and Stable Revenue to Support Future Growth
Center for the Future of Arizona announced results from its latest 2024 Arizona Voters' Agenda survey, providing voters' views of taxes, state spending, and long-term planning ahead of the November general election. This survey research is part of CFA's ongoing efforts to center the voices of Arizonans during election season and highlight areas where likely voters agree across … [More]
ASU Details Impact of State Cuts to Higher Ed Funding
$24 million in cuts from state government force tuition surcharge, lost scholarships, reduction in Arizona Teachers Academy, and end of ASU Lake Havasu Center
Arizona State University will add a tuition surcharge for on-campus students in spring 2025 and the Arizona Teachers Academy faces an uncertain future, the result of recent budget cuts passed by the state Legislature and signed by the governor. More than 2,600 Arizona resident students also could be impacted by the expected decrease in ASU’s allocation for the Arizona Promise … [More]
Housing Payments Post Biggest Decline in 4 Years ahead of Fed’s Historic Rate Cut
The median U.S. housing payment was $2,534 during the four weeks ending September 15, down 2.7% from a year earlier–the biggest decline since May 2020, according to a new report from Redfin, the technology-powered real estate brokerage. Monthly payments are falling because mortgage rates dropped to their lowest level in 20 months in the lead-up to the Fed’s first interest-rate … [More]
Report on Building for Reverse Logistics Examines Flow Back from the Consumer to Supplier
The pandemic brought into sharp focus the importance of having a healthy and functioning supply chain, that critical system by which goods are delivered from factories to doorsteps. But how does the process work in reverse, when items are returned and sent back? And what happens to the returned items? The NAIOP Research Foundation released a new report on reverse logistics … [More]
ASU Collaboration Releases 2024 U.S. Latino GDP Report
A collaborative report with the W. P. Carey School of Business highlights latino contributions to U.S., Arizona Economies
For the second time since the announcement of their partnership, the Latino Donor Collaborative (LDC) and the ASU W. P. Carey School of Business released the 2024 LDC U.S. Latino GDP Report™ at the L'ATTITUDE Conference. The report, titled "Youth, Entrepreneurship, and Human Capital," details the immense contributions made by U.S. Latinos, who represent 19.5% of the country's … [More]
73% of Small Businesses Have Grown in Past Year, Phoenix-Based Small Business Owners Are Faring Better Than Most
Almost three quarters (73%) of American small business owners say their business has grown in the last year, with even higher percentages for Black (84%) and Hispanic (80%) owners, according to the U.S. Bank 2024 Small Business Perspective that was released today. The report, which is based on a survey of more than 1,000 small business owners, explores the complex challenges … [More]
Arizona Tech Job Growth Lagging Behind Other Southwest States, Says Report
While tech job demand remains high in Arizona, it lags behind Nevada, Utah and Texas in current and projected rrowth
The Arizona Technology Council released its Q1 2024 Arizona Technology Industry Impact Report. Takeaways from the report focused on job growth throughout the Southwest. Arizona technology job demand remains high but still lags Nevada, Utah and Texas. In Q1 2024, technology job growth sat at 3% in Arizona, tied with California, while other states reported job growth of 4% or … [More]
Small Business Optimism Dips in August, Erasing July Gains
Main Street owners grapple with uncertainty as sales expectations decrease
The NFIB Small Business Optimism Index fell by 2.5 points in August to 91.2, erasing all of July’s gain. This is the 32nd consecutive month below the 50-year average of 98. The Uncertainty Index rose to 92, its highest level since October 2020. Inflation remains the top issue among small business owners, with 24% of owners reporting it as their top small business operating … [More]
Phoenix Housing Market Sees Price Gains, but Sales Lag as Summer Slows
The number of new listings and the median sales prices keep climbing, according to year-to-date data from Phoenix REALTORS. The summer doldrums continue into September, with August’s sales and closings to date running below last year’s numbers. “Federal Reserve watchers predict a possible large interest rate cut after the August jobs report,” said Sheryl Bowden, Phoenix … [More]
Phoenix Sky Harbor Airport among Major Hubs with the Shortest TSA Lines
Phoenix Sky Harbor International Airport in Arizona has the ninth-shortest TSA security line of any large airport hub in America, a new study has revealed. Thursday is the busiest day to go through security at Phoenix, while Tuesday is the quietest. Data collection experts SOAX analyzed data from Qsensor on security wait times at America's 31 largest airport hubs, … [More]
Their Take: Why the Job Market is Cooling Down: Three Big Reasons
The U.S. job market is slowing down, and more people are finding themselves unemployed. This change is happening because of three main reasons: the election year, high interest rates and new technology like Artificial Intelligence (AI). Let’s break down these reasons to understand what’s going on. The Election Year When it’s an election year, like 2024, businesses … [More]
Small Business Optimism Improves in Industry-Specific Report, Says Survey
Survey focuses on the construction, manufacturing, retail, and services industries
The NFIB Research Center released an industry-specific quarterly Small Business Economic Trends survey highlighting the construction, manufacturing, retail, and services industries. “Small business optimism showed signs of improving over the last few months. While conditions remain tough overall, owners report feeling positive about the future of the economy, especially in … [More]
How to Align Business Success with Sustainable Development Goals
Prioritizing sustainability in the investment and lending industry leads to long-term success
SDGs, or Sustainable Development Goals, are universal guidelines established by the UN that call on organizations to participate in a collaborative effort to address social, economic and environmental issues. Prioritizing SDGs creates socially responsible businesses and enables leaders to identify growth opportunities. When implementing SDGs, business leaders should choose … [More]
Securing Your Funding Round: A Strategic Guide
Perseverance, a compelling pitch and a deep understanding of investor expectations are key
Securing funding for a startup is a complex endeavor requiring meticulous planning, persuasive communication and a deep understanding of investor expectations. On average, it takes 18 months to close a deal, according to PitchBook. While fewer than 10% of startups successfully secure VC funding, those that do often receive substantial investments. While there is no … [More]
NAIOP Industrial Space Demand Forecast: Rate of Growth Slows but Sector Remains Strong
The net absorption of industrial real estate – the amount of space occupied minus space vacated over a given period – has slowed from record levels in the wake of the pandemic, but the sector remains strong, according to the most recent NAIOP Industrial Space Demand Forecast. Total U.S. industrial net absorption in the first half of 2024 totaled 67.1 million square feet, … [More]
The Typical Homebuyer’s Down Payment Is a Record $67,500, Phoenix Up 9.4% from a Year Ago
Nearly 3 in 5 homebuyers put down more than 10% of the purchase price, one of the highest shares on record
The typical down payment for U.S. homebuyers hit a record high of $67,500 in June, up 14.8% from $58,788 a year earlier, according to a new report from Redfin, the technology-powered real estate brokerage. This was the 12th consecutive month the median down payment rose year over year. In Phoenix, the median down payment is $52,500. That is up 9.4 percent from a year ago. … [More]
6 of Every 7 People with Mortgages Have an Interest Rate Below 6%, Says Report
The mortgage rate lock-in effect is prompting many homeowners to stay put, contributing to America’s housing shortage, but it’s starting to ease
Nationwide, 85.7% of U.S. homeowners with mortgages have an interest rate below 6%, down from 90.6% at the start of last year and a record high of 92.8% in mid-2022. That’s according to a new report from Redfin, the technology-powered real estate brokerage. This means even more than 85.7% of homeowners with mortgages have a rate below the current weekly average of 6.46%, … [More]
