CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for February 2024. U.S. annual home price growth remained mostly consistent with numbers seen since last fall in February but finally slowed as the residual impact of comparing gains with weak 2022 home … [More]
2024 Career Optimism Index Study Highlights Shift from The Great Resignation to a Great Talent Stagnation
The University of Phoenix Career Institute® released its 2024 Career Optimism Index®, a comprehensive study examining the state of American workers' career trajectories and sentiments about the future of their job and career opportunities. This year's Index, the fourth consecutive year it has been fielded, reveals that workers and employers are facing a critical moment of … [More]
Arizona Exports Break New Records
Arizona companies exported a record amount of goods in 2023, Governor Hobbs announced in her International State of the State address. Exports grew to $28.79 billion in 2023, a 5.5% increase ($1.5 billion) over the previous year. Arizona’s growth bucks the trend for the U.S., which saw exports decrease by 2.2% in 2023. “A testament to the strength and diversity of the … [More]
Phoenix Leads the U.S. Data Center Market in Average Asking Rates
North American data center pricing approached record levels in 2023, with Phoenix boasting some of the highest average asking rates ($170 – $200) for 250-500 kilowatt (kW) per month, according to CBRE’s latest North American Data Center Trend Report. Leasing activity remains strong, and renewal rates increased by 20% from H2 2022 to H2 2023. The Valley's vacancy rate is 3.9%, … [More]
The Typical Homebuyer’s Down Payment Is $56,000, Up 24% from a Year Ago
The median down payment for U.S. homebuyers was $55,640 in February, according to a new report from Redfin, the technology-powered real estate brokerage. That’s up 24.1% from $44,850 a year earlier—the largest annual increase in percentage terms since April 2022. Phoenix Metro home purchases made in cash were down 6.1 percentage points from a year earlier—the fifth largest … [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]
Rising Supply Draws in Some Buyers, Even as Housing Payments Soar 10% to All-Time High
The typical U.S. monthly housing payment hit an all-time high of $2,721 during the four weeks ending March 24, up 10% from a year earlier, according to a new report from Redfin, the technology-powered real estate brokerage. Housing payments are at a record high because of the one-two punch of elevated mortgage rates and rising home prices. Mortgage rates remain elevated near … [More]
Renting Now Beats Buying in All of the Largest U.S. Metros
Elevated mortgage interest rates, still-high home prices and falling rents have made it more affordable to rent than buy in all of the top 50 U.S. metros, according to the Realtor.com® Rental Report released today. In February, the mortgage payment on a starter home in the largest metros cost $1,027 (+60.1%) more than the monthly rent in those markets, on average. At the same … [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]
Arizona Comes in Fifth of States Where Businesses Struggle with Debt the Most
A new study has revealed that businesses in Georgia have been granted the highest average in loans compared to small businesses in any other state. Arizona businesses have the fifth highest average loans at $705,000. A study by business formation experts, CreditDonkey, analyzed government data from the U.S. Small Business Administration lender reports from 2020-2023 … [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]
Arizona Takes Tenth in States Most Interested in Starting a Business, Says Study
Arizona is tenth in the list of the states most interested in starting a business, according to new study. New research has revealed the states most interested in starting a business, with Wyoming taking the top spot. Business valuation experts at Eton Venture Services analyzed data from the United States Census Bureau on the number of business applications per … [More]
Phoenix Ranked as the Second-Largest Data Center Market in the U.S.
Metro Phoenix prevails as the second-largest data center market in the nation, according to JLL’s new H2 2023 North American Data Center Report. Bolstered by its availability and affordability of power, and its available land for new development, the market during the second half of 2023 completed leases for 748MW of new data center capacity and has 2.8 million square feet … [More]
Arizona Earns a Top Spot in U.S. Business Growth Study
New research has revealed the most entrepreneurial states, with Arizona ranking tenth on the list. The study, conducted by QRFY, analyzed data from the US Bureau of Labor statistics to find the number of new businesses in 2022 compared to 2023; each state was ranked according to the difference rate. Top 10 Most Entrepreneurial … [More]
Arizona among States with the Highest University Enrollment, Study Reveals
New research has revealed which US states had the highest university enrollment this academic year, with Arizona ranking fourth on the list. Personal finance experts Wealth of Geeks analyzed data from the National Student Clearinghouse on the number of undergraduates across the US who started a degree in 2023, to determine which state has the highest university … [More]
Scottsdale Airpark Remains Focal Point of Growth
Area Attracts High Profile Companies and Impressive New Developments
The Greater Scottsdale Airpark area continues to be a focal point for growth and business relocation, according to a report released by Colliers in Arizona. Nationally recognized companies are moving operations there and sizable new developments are being built in this prestigious area of metropolitan Phoenix. “We have been tracking the Scottsdale Airpark submarket since … [More]
Arizona Is Making Business Connections with Ireland
More than 15 companies headquartered in Arizona have made business connections with Ireland by establishing an office, development center or lab to expand and grow international business. These include such leaders as Standard Aero, MSR-FSR, ON Semiconductor, transACT, Microchip Technology and companies in the aviation sector. transACT: Headquartered in Phoenix, Transact … [More]
Survey Unveils 2024 State of Business Growth
Keap, the leader in small business automation software, announces today the findings of its 2024 State of Business Growth survey, providing a data-driven look at the status of small and mid-market businesses. This comprehensive report sheds light on the differences between businesses that met or exceeded their goals in 2023. The 2024 State of Business Growth survey analyzed … [More]
