Sendoso is adding nearly 1,000 jobs to its established workforce here as it relocates its corporate headquarters from San Francisco to Phoenix’s historic neighborhood The Grove. Taiwan Semiconductor Manufacturing Company expects to create 10,000 high-paying high-tech jobs at the two fabrication facilities it is building in north Phoenix, including 4,500 direct TSMC jobs. … [More]
Hyperinflation: If You Are Reading This, You Are Already Behind
As we enter a phase of hyperinflation, no one has the muscles or experience to navigate this new business climate, which means CEOs and their leadership teams need to figure out a new way to lead and win. The hyperinflationary toolkit is drastically different from the one that has been applied for the past 30 years, with steady 1% to 3% inflation combined with a cost of capital … [More]
Chris Camacho, Greater Phoenix Economic Council
Greater Phoenix is an attractive destination for workers, expanding faster than any other U.S. market with an injection of nearly 100,000 new residents annually. Employment opportunities are growing just as fast. With the announcements of more than 10,000 jobs over the last year, it’s clear that momentum is building throughout the Valley. Massive growth in advanced industry … [More]
Feedback: January 2023
Q: In retaining your employees, what have you found they value most about your company? Is this the same or different for attracting new employees? Jayme DeVary Director of People Operations HomeSmart Sector: Real Estate There are many things we do at HomeSmart that results in retention, but one standout item is our culture. We have a culture that we call “Bamily”— our … [More]
Strategizing around Volatile Interest Rates
On Dec. 14, 2022, the Federal Open Market Committee (a committee within the Federal Reserve System) raised its target rate +50 basis points, making the new upper limit of the Fed Funds Rate to set at 4.5%. While the actual change in the target rate came in as expected, the still very hawkish stance from the Fed may have surprised some market participants due to the recent … [More]
Homes Linger on the Market as Buyers Take Their Time
The total number of homes for sale rose 18% from a year earlier during the four weeks ending December 25, the biggest increase since at least 2015, according to a new report from Redfin, the technology-powered real estate brokerage. Inventory is up even though new listings are down by double digits because homes are taking a long time to sell amid 6%-plus mortgage … [More]
Map Detailing Where Americans Moved in 2022 Shows Arizona as a Top Destination
North American Van Lines, Inc., a household, international, corporate, and long distance professional moving company, this week released their annual migration map that details where Americans moved this past year. The map uncovered a sizable trend of Americans leaving high cost-of-living areas for warmer climates with more reasonable housing conditions, noting southern … [More]
Home Buyers See First Signs of Affordability Relief in Months
After months of watching the cost of a new mortgage rise higher and higher, home buyers finally saw some relief in November. A combination of declining home values and lower mortgage rates brought the monthly mortgage payment on a typical U.S. home down by about $100, according to the latest Zillow® Market Report. Still, monthly mortgage costs are up $720, or 66.1%, over the … [More]
