Car Insurance Rates Increase in 2022 as Americans Resume Their Pre-Pandemic Lives, Arizona Tops List

ValuePenguin

As Americans resume normal economic activities, Auto insurance rates will rise by 0.6% in 2022 after falling in 2021 according to ValuePenguin's State of Auto Insurance in 2022 report published today. The average cost of auto insurance is expected to reach $1,935 annually, with 22 states seeing car insurance premiums increase in 2022. Here are the key … [More]

Luxury Real Estate in Phoenix 2022 Outlook – and Economic Impact

by  Greg Remmers

The luxury real estate buying boom that began in 2020 escalated in 2021 and will continue in the new year. Insatiable demand depleted inventory across the U.S. and put upward pressure on prices. Driving the real estate surge was a combination of factors that include shifting consumer values caused by the pandemic and historic wealth growth due to cryptocurrency gains and … [More]

Surprise Is No. 18 U.S. Growth City of 2021, Says U-Haul Data

U-Haul

Surprise, Ariz., is the No. 18 growth city in America based on U-Haul truck moves throughout 2021, according to transactional data compiled for the annual U-Haul Growth Index. People coming to Surprise in one-way U-Haul trucks rose nearly 10% year-over-year, while departures rose about 13% from 2020. Despite the larger percentage in departures, arriving customers still … [More]

Hourly Earnings Growth Ends the Year at a New High, Job Growth Also Continues at U.S. Small Businesses

Paychex

Workers saw record hourly earnings growth and employment levels continued to rise as 2021 drew to a close. This is according to the aggregated payroll data of approximately 350,000 Paychex clients with fewer than 50 employees, released monthly in the Paychex | IHS Markit Small Business Employment Watch. The December data shows hourly earnings growth improved to 4.27 percent, … [More]

Tampa Named Number One Hottest Housing Market for 2022, Phoenix Is Eighth

Zillow

The hottest housing market of 2022 will be Tampa, according to a new Zillow® analysis. Rounding out the top five are Jacksonville, Raleigh, San Antonio and Charlotte in what is anticipated to be another hot year for housing across the Sun Belt. Zillow economists expect the housing market to back off just a bit from a record-breaking pace in 2021, but home shoppers … [More]

Annual Home Price Appreciation Continues to Accelerate, Up 18.1% in November

CoreLogic

CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for November 2021. While 2021 was a record-breaking year for U.S. home price growth, for many prospective buyers the hot housing market will continue to exacerbate ongoing affordability challenges into the new … [More]

Growth Index: Arizona Is 5th on List of Growth States from 2021

Rick McCartney

Migration to southern states continues to be magnified by the lingering pandemic, and no state netted more U-Haul® customers during the last year than Texas. Arizona remained at number 5 for the second consecutive year. The Lone Star State earned bragging rights as the leading growth state of 2021, narrowly besting Florida for tops honors, according to transactional data … [More]

Together, We Can Protect Arizona Businesses from Illegal Trade

by Hernan Albamonte and Juan Ciscomani

In 2020, Arizona welcomed more than 32 million visitors to the state, and we were delighted to welcome them. Collectively, they spent $15 billion, representing a tremendous economic investment in Arizona. From the Grand Canyon to the Chiricahua Wilderness, Arizona boasts some of America’s most beautiful national treasures. There are endless opportunities to explore Arizona’s … [More]

What Investors Should Know about Small, Minority-Owned Businesses 

by Paul Ford

Overlooking small and medium-sized businesses is costing corporate America millions of dollars in potential investments. That’s especially true for venture capital (VC) and private equity (PE) firms. The main reason these small and medium-sized businesses are being overlooked is they don’t want to be billion-dollar companies or investors don’t believe the business can become a … [More]

Affordability Falls to Its Lowest Level Since 2008, Phoenix Declined the Most

First American Financial Corporation

First American Financial Corporation, a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the October 2021 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 income and interest rate changes on … [More]

U.S. Weekly Jobless Claims Remain Low, Nearly Unchanged

U.S. Department of Labor

In the week ending December 18, the advance figure for seasonally adjusted initial claims was 205,000, unchanged from the previous week's revised level. The previous week's level was revised down by 1,000 from 206,000 to 205,000. The 4-week moving average was 206,250, an increase of 2,750 from the previous week's revised average. The previous week's average was revised down by … [More]

Namecheap’s 2021’s Most Popular TLDs & Domain Registration Trends

Namecheap.com

Namecheap, the world's second-largest domain registrar with over 14 million domains under management, today unveiled its annual industry report. The 2021 'Domain Insights & Trends Report' features exclusive domain registration data from 2020 and 2021. The information provides insights into global TLD registration trends for small business owners, online entrepreneurs, … [More]

Single-Family Rent Price Growth Triples 2020 Rate in October, Says Report

CoreLogic

CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas. October 2021 data shows a national rent increase of 10.9% year over year, up from a 3.2% year-over-year increase in October … [More]

EN NEGOCIOS: La gran reestructuración: 5 tendencias que las pequeñas empresas deben observar en 2022

por Edgar R. Olivo

El año pasado ha estado lleno de muchos desafíos para las pequeñas empresas y, a veces, esos desafíos adquieren un nombre popular como “La gran renuncia de 2021.” Eso se debe a que hubo un número récord de personas que dejaron sus trabajos durante varios meses seguidos este año. Pero los grandes movimientos en el mercado laboral también tienen consecuencias en otras áreas. A … [More]

The Great Restructuring: 5 Trends Small Businesses Need to Watch in 2022

by Edgar R. Olivo

This past year has been filled with many challenges for small businesses and, sometimes, those challenges pick up a catchy name like “The Great Resignation of 2021.” That is because there were record numbers of people who quit their jobs for several months straight this year. But major movements in the labor market also create consequences in other areas. As small businesses … [More]

New Low for Home Supply in November, Says Report

Redfin

The seasonally-adjusted number of homes for sale fell 18% year over year in November to an all-time low, according to a new report from Redfin, the technology-powered real estate brokerage. This sent the median sale price up 15% to $383,100. November marked the 16th consecutive month of double-digit price gains, and so far in December there are no signs of the … [More]

Phoenix Metro is #1 Destination for Those Moving from Chicago, Says Report

Zillow

Allied Van Lines and Zillow collaborated to provide insights into moving and housing trends in the midst of a COVID economy. Florida continued to be a top destination for movers this year, as people sought warm weather, beaches and abundant rental properties. That's a key takeaway from the latest Magnet States Report, which analyzes moves by thousands of Allied Van Lines … [More]

Arizona Reaches Full Jobs Recovery

inbusinessPHX.com

With the November employment report showing 27,300 jobs added last month, Governor Ducey announced that Arizona has now gained back the total number of jobs lost during the pandemic. Arizona is just the third state in the nation to reach full employment recovery. Nationally, the U.S. has recovered 83% of jobs lost since last year. The November report also showed a decline in … [More]

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