Successful Healthcare Real Estate Investment

by Trisha Talbot

Stock market uncertainty resulting from Russia’s war in Ukraine has many investors looking for options yielding better returns. Real estate has historically provided excellent profit, especially in recent years with apartments and industrial facilities, including distribution and data centers, in high demand to keep up with explosive growth in the Phoenix area. Because … [More]

Sizing Up the Competition

by Don Henninger

When it comes to business expansion and recruitment, Arizona and Texas are two of the most successful and competitive states in the country. Both have emerged from the pandemic era with more jobs than before it started. With low tax rates and friendly business climates, both continue to be top targets for companies moving from states with higher tax rates, like … [More]

Sun Belt Homebuyers Need 40% More Income Than a Year Ago to Afford the Typical Home, Says Report

Redfin

Homebuyers in Tampa, FL need to earn $67,353 annually to afford the metro area’s typical monthly mortgage payment of $1,684, up a staggering 47.8% ($21,791) from a year earlier, according to a new report from Redfin, the technology-powered real estate brokerage. That’s the biggest percent increase of any major U.S. metro. Homebuyers in nearly every part of the country … [More]

Arizona Ranks No. 1 for Economic Performance, Says New Report

inbusinessPHX.com

A new report comparing state economies ranks Arizona no. 1 for economic performance over the last decade. The latest Rich States, Poor States analysis from the American Legislative Exchange Council gave Arizona the highest marks in the country in its annual ranking based on the state’s Gross Domestic Product (GDP), population, and job growth. This year’s survey is the first … [More]

Arizona Climbed to #4 Best in Chief Executive’s 2022 Best & Worst States for Business Ranking

inbusinessPHX.com

In what’s become an annual rite of spring for our Best States & Worst States for Business survey of CEOs, Texas and Florida held on to their No. 1 and No. 2 spots this year, continuing their long-running lock on the top of the rankings. Based on polling of nearly 700 CEOs and business owners from every U.S. state, conducted in January and February 2022, the Lone Star … [More]

PREVIEW: What to Look for in the First Quarter 2022 GDP Report

by Dean Baker

The main story in the first quarter is likely to be a sharp slowing in GDP growth from the extraordinary 6.9 percent pace of the fourth quarter of 2021. The biggest factor in this slowing will be a slower pace of inventory accumulation. Inventory growth added 5.3 percentage points to GDP growth in the fourth quarter. Inventories are expected to continue growing in the first … [More]

Surging Inflation Remains a Major Problem for Small Businesses, Says New Survey

NFIB

The NFIB Research Center released a new survey today assessing the impact inflation is having on small businesses. Small business owners first signaled inflation issues in the summer of 2021 when NFIB’s Small Business Economic Trends survey found increasing numbers of small business owners reporting “inflation” as their single most important problem. In March 2022, “inflation” … [More]

Homebuyer Competition Drops for First Time in Six Months amid Surge in Mortgage Rates, Home Prices

Redfin

Sixty-five percent of home offers written by Redfin agents faced competition on a seasonally adjusted basis in March, according to a new report from Redfin, the technology-powered real estate brokerage. That is down from a revised rate of 66.7% in February, marking the first month-over-month decline since September—a sign that demand is starting to cool as soaring mortgage … [More]

Arizona’s Affordable Housing Supply Is Insufficient to Recover from the COVID-19 Pandemic

inbusinessPHX.com

The Gap: A Shortage of Affordable Homes, a new report released today by the National Low Income Housing Coalition and the Arizona Housing Coalition, finds a national shortage of seven million affordable and available rental homes for extremely low-income (ELI) renter households, those with incomes at or below the poverty level or 30% of their area median income. There are just … [More]

The Cost of a Mortgage Is Up 20% since December

Zillow

Home shoppers are facing a one-two punch this spring: Quickly rising mortgage rates are compounding affordability challenges that have been brought on by record home value growth. The cost of a 30-year mortgage on the typical U.S. home is now 19.5% higher than it was just three months ago, according to the March Zillow® Real Estate Market Report.i Despite this, the pace and … [More]

Hotels Projected to End 2022 Down $20B in Business Travel Revenue, Says Report

inbusinessPHX.com

According to a new report released today by the American Hotel & Lodging Association and Kalibri Labs, U.S. hotel business travel revenue is projected to be 23% below pre-pandemic levels in 2022, ending the year down more than $20 billion compared to 2019. This comes after hotels lost an estimated $108 billion in business travel revenue during 2020 and 2021 … [More]

Phoenix Unemployment Rate Falls below 3% with Strong Hiring in March

inbusinessPHX.com

The unadjusted unemployment rate in Greater Phoenix dropped to 2.4 percent, down nearly three-quarters of a point from February’s 3.1 percent and half of last year’s 5.4 percent unemployment rate in March. Robust hiring brought the Phoenix metro workforce to nearly 2.5 million people in March, up 110,800 from March last year. For the second month in a row, hospitality (up … [More]

Strong Spring Home Sales Set Records for Highest Median Price, Lowest Supply

inbusinessPHX.com

The busy spring season got off to another strong start this year. March home sales jumped 32.2% over February while posting a report record Median Sales Price of $360,000. As buyers continued to far outnumber sellers, Months Supply of Inventory reached a record low of 1.0 across the report's 51 metro areas. More than half of the market areas reported a supply of less than one … [More]

Home Sales Fell 4% in March as Buying Costs Shot Up

Redfin

It was the hottest March ever for the housing market, with homes selling at their fastest pace and for more above list price than any other March on record, according to a new report from Redfin, the technology-powered real estate brokerage. The median home-sale price rose 6.2% in March, the fastest month-over-month gain at this time of year since 2013, to an all-time high of … [More]

U.S. Weekly Jobless Claims Rise after Hitting the Lowest Level since 1968

U.S. Department of Labor

In the week ending April 9, the advance figure for seasonally adjusted initial claims was 185,000, an increase of 18,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 166,000 to 167,000. The 4-week moving average was 172,250, an increase of 2,000 from the previous week's revised average. The previous week's average was revised up … [More]

EN NEGOCIOS: Inflación: 7 consejos para ayudar a las pequeñas empresas a superar la inflación

por Edgar R. Olivo

Ser propietario de una pequeña empresa durante los últimos dos años ha venido con una serie de desafíos, y ahora con una inflación creciente. De acuerdo con la Oficina de estadísticas laborales, la inflación de EE. UU. subió a un nuevo máximo de cuatro décadas del 8,5 % en marzo con respecto al mismo mes del año anterior, impulsada por el aumento de los costos de la energía y … [More]

Inflation: 7 Tips to Help Small Businesses Ride Inflation

by Edgar R. Olivo

Being a small business owner during the last two years has come with its set of challenges, and now rising inflation. According to the Bureau of Labor Statistics, U.S. inflation surged to a new four-decade high of 8.5% in March from the same month a year ago, driven by skyrocketing energy and food costs, supply constraints and strong consumer demand. These new challenges … [More]

Inflation Overtakes Labor Quality as Top Business Problem For Small Businesses

NFIB

The NFIB Small Business Optimism Index decreased in March by 2.4 points to 93.2, the third consecutive month below the 48-year average of 98. Thirty-one percent of owners reported that inflation was the single most important problem in their business, up five points from February and the highest reading since the first quarter of 1981. Inflation has now replaced “labor quality” … [More]

Record Share of Homebuyers Are Relocating, Skyrocketing Housing Costs Make Affordable Areas Attractive

inbusinessPHX.com

A record 32.3% of Redfin.com users nationwide looked to move to a different metro area in the first quarter, according to a new report from Redfin, the technology-powered real estate brokerage. That’s up from 31.5% a year earlier and up significantly from 26% in 2019, before the pandemic. Skyrocketing home prices and rising mortgage rates have made relocating to a … [More]

First Quarter Bankruptcy Filings Dip Dramatically

inbusinessPHX.com

Arizona recorded a dramatic drop in middle market business bankruptcy and receivership filings during the first quarter of 2022, according to data in the Resolute Index, a bankruptcy report published today by Resolute Commercial Services. The Grand Canyon State recorded only two middle market bankruptcies and one middle market receivership, a 67% decrease in middle market … [More]

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