The company that successfully predicted the Super Bowl viewership in 2022 and 2021 has released their prediction for exactly how many people will tune in, saying Fox Sports should expect 112.9 million viewers, with a viewership range of 110.1 million to 115.7 million for the big game. PredictHQ's Super Bowl viewership predictions have been accurate every … [More]
Rents Rose 2% in January—the Smallest Increase in 20 Months, Says Report
The median U.S. asking rent rose 2.4% year over year to $1,942 in January—the smallest increase since May 2021 and the lowest level in nearly a year, according to a new report from Redfin, the technology-powered real estate brokerage. That’s roughly one-sixth the pace of January 2022, when rents were up 15.6% from a year earlier. January marked the eighth straight month in … [More]
See Arizona’s Top 10 Most Searched-For Snacks during Super Bowl Weekend
From wings and pizza to chips and dips, reports state the average American eats around of 2,400 calories during the 4-hour game… so which snacks do Arizona residents go mad for around game time, and over the entire Super Bowl weekend? Ahead of the big game, the people over at Gambling.com jumped into Google search data to reveal the most searched for food items over Super … [More]
Small Business Job Openings Back Up in January, Says Report
According to NFIB’s monthly jobs report, 57% of owners reported hiring or trying to hire in January, up two points. Of those hiring or trying to hire, 91% of owners reported few or no qualified applicants for the positions they were trying to fill. Twenty-seven percent of owners reported few qualified applicants for their open positions and 25% reported none. “The labor … [More]
U.S. Employers Added 517,000 Jobs in January, Dropping the Jobless Rate to Its Lowest Level since 1969
Total nonfarm payroll employment rose by 517,000 in January, and the unemployment rate changed little at 3.4 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was widespread, led by gains in leisure and hospitality, professional and business services, and health care. Employment also increased in government, partially reflecting the return of workers … [More]
Bettors in Arizona Wagered Nearly $617M in November
Bettors in Arizona wagered nearly $617 million in November of 2022, according to a new report by the Arizona Department of Gaming. This represents a 32.2% increase when compared to November of 2021. “It is exciting to see a second consecutive month of over $600 million wagered on sports by patrons within the state,” said Ted Vogt, Director, ADG. “This milestone highlights … [More]
Arizona Golf Industry Creates $6B Economic Impact while Using Only 2% of the State’s Water to Serve 16.6 Million Rounds
A study released today estimated Arizona’s golf industry produced $6 billion in economic activity while using only 2% of daily statewide water to serve 16.6 million golf rounds in 2021. This economic output supported nearly 66,200 jobs, provided $2.3 billion in wages and generated $518 million in state and local tax revenues. “The positive impact to our community provided by … [More]
U.S. Pickleball Is on the Rise, Says Scottsdale-Based Governing Body
USA Pickleball, the Scottsdale-based National Governing Body for the sport of pickleball, published its annual growth report, containing important industry metrics recorded in 2022. As the sport continued to expand across the country, USA Pickleball saw its membership increase nearly 30 percent over 2021. The National Governing Body currently has a membership base of nearly … [More]
Phoenix Is a Magnet for Wealthy Renters, Boasting More Than 10,000 High-Income Renter Households
After a spectacular 82% growth between 2015 and 2020, the number of high-income renters has reached 2.6 million nationwide. What’s more, we discovered a new type of tenants among the high-heeled renters: the millionaire renters, whose number has tripled in the past 5 years. Phoenix claims 10th place on the list of America’s top cities that have seen significant increases in … [More]
House Prices Declining Fastest in Overvalued Markets, Phoenix Not So Much
First American Financial Corporation, a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today released the November 2022 First American Real House Price Index (RHPI). The RHPI measures the price changes of single-family properties throughout the U.S. adjusted for the impact of … [More]
Retail on Top: Why Brick-and-Mortar Businesses Are Booming
Tapping the power of ‘experiential’
Commerce makes the world go ‘round, and retail is its end play. With all the shifting and challenges of recent years, In Business Magazine decided to take a look at retail’s brick-and-mortar component, where transactions are made with a human connection. Here’s the human voice of retail enterprises that span merchandise and service, from one-shop businesses to those … [More]
Evolution of Retail and Malls in the Phoenix Metro
Over the past 20 years, retail real estate has continued to adapt and evolve in the face of several headwinds, including the broader adoption of e-commerce and greater focus on social experiences. One of the key avenues by which the retail sector has changed is the embracing of an omnichannel presence. The second key avenue is integrating mixed-use spaces that expand the retail … [More]
Kate Borders, Downtown Tempe Authority
Gone Shopping
Experiential. That’s the buzzword in business these days. And, for retail, that’s where brick-and-mortar really shines. Individual businesses call it customer service, destinations like shopping districts and malls build on that through events and, yes, their mix of merchants. The street-level experience in Downtown Tempe is ever evolving and we are constantly looking for … [More]
Nonprofit Teen Lifeline Accepts Crypto Donations
Phoenix-based nonprofit Teen Lifeline is now one of several thousand nonprofit organizations in the United States accepting cryptocurrency donations, joining the ranks of much larger, national nonprofits like the Ronald McDonald House, Save the Children and the Make-A-Wish Foundation of America. The IRS classifies cryptocurrency as property, so donations to qualifying … [More]
While Economic Clouds Gather, It’s Still Sunny in Phoenix
Growing population and manufacturing are among the differences for Phoenix
Despite predictions of a mild recession, 2023 may be the first year since the start of the COVID-19 pandemic when the economy feels almost stable. Inflation is coming down, the labor market remains vibrant, and huge shifts in spending across sectors are looking like a thing of the past. Best of all, the coming trends play directly into the Phoenix area’s greatest … [More]
Survey Reveals 4 in 10 Companies Are Hiring Contractors to Replace Laid-Off Workers
ResumeBuilder.com, the premier resource for professional resume templates and career advice, has published a recent survey report that shares insight into how many companies are currently “quiet hiring.” Researchers analyzed responses from 1,000 business leaders at companies with at least 50 employees. According to the report, 57 percent of business leaders surveyed say they … [More]
U.S. Mortgage Performance Remains Exceptionally Healthy
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for November 2022. For the month of November, 2.9% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 0.7 percentage point … [More]
Phoenix Area Renting Costs Nearly $1,116 Less per Month than Buying, Says Report
For many Americans hoping to make the transition to first-time buying in 2023, renting will likely offer relatively more affordable options in the months ahead, according to the Realtor.com® Monthly Rental Report released today. On average across the 50 largest U.S. metros in December, a typical renter faced a 41.4% ($792) lower monthly payment than a starter homeowner. In the … [More]
