House-Buying Power Exceeds Median House Prices in Most Markets

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 September 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]

EN NEGOCIOS: 5 formas en que la energía renovable transformará las pequeñas empresas

por Edgar R. Olivo

Se acercan tiempos emocionantes a medida que la energía renovable se convierte en un tema principal en muchos sectores dentro de la economía y las conversaciones cotidianas, todo gracias a la aprobación del nuevo proyecto de ley de infraestructura. A medida que las personas se familiaricen con la idea de aprovechar la energía de las turbinas eólicas y los paneles solares, las … [More]

5 Ways Renewable Energy Will Transform Small Businesses

by Edgar R. Olivo

Exciting times are approaching ahead as renewable energy becomes a mainstream topic across many sectors within the economy and everyday conversations, all thanks to the passing of the new infrastructure bill. As people become familiar with the idea of harnessing energy from wind turbines and solar panels, small businesses also stand to benefit from renewable energy … [More]

Is the American Dream Dead?

by Dr. Jennifer Charles

The American Dream is the idea that there is equal opportunity available to any American in America, allowing the highest aspirations and goals to be achieved. The American Dream was first defined by James Truslow Adams in 1931. He explained it as "that dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to … [More]

Avoid a Plunge into Bankruptcy

by D. Lamar Hawkins 

Although many businesses look forward to putting 2021 in their rearview mirrors, some economists suggest 2022 could be even worse, with inflation and supply chain delays causing a slowdown or perhaps even a recession.  Many struggling businesses try to navigate their financial difficulties alone, yet that can put them at greater risk. Making smart decisions now, including … [More]

The Future of Philanthropy 

by Richard Tollefson

A new era of philanthropy, nonprofit governance and social change is upon us. Why, how and where the next generation of philanthropists give and engage is drastically changing in America and reshaping how nonprofits do business. To optimize the potential and impact of next-gen leaders, nonprofits must understand that leadership is more than money — although the wealth of this … [More]

Holiday Season Retail: Shoppers Will Make Up for Lost Time

by John Reva

JLL recently surveyed U.S. consumers to find out how they intended to shop for the holiday season … and the news is good for the retail sector. Shoppers plan to spend 25.4% more this holiday season than in 2020. That’s a rise from an average $694 per person last year to an average $870 per person this year — getting us back to almost pre-pandemic levels. Phoenix’s … [More]

U.S. Weekly Jobless Claims Hit Lowest Level since 1969

Rick McCartney

In the week ending November 20, the advance figure for seasonally adjusted initial claims was 199,000, a decrease of 71,000 from the previous week's revised level. This is the lowest level for initial claims since November 15, 1969 when it was 197,000. The previous week's level was revised up by 2,000 from 268,000 to 270,000. The 4-week moving average was 252,250, a decrease of … [More]

Arizona Public Universities’ Enrollment Growing with Notable Increase in Online Programs

inbusinessPHX.com

During fall 2021, overall enrollment at Arizona’s public universities increased with notable growth in students taking online classes, according to the Fiscal Year 2022 Fall Enrollment Report approved by the Arizona Board of Regents. Online degree program students now comprise a third - 33.4% - of the university system’s total enrollment. Total student enrollment at … [More]

‘For Sale By Owner’ Listings Tend to Be Used by Rural and Lower-Income Sellers, Says Report

Zillow

A recent report released by Zillow highlights trends in homes listed as "For Sale By Owner" (FSBO), which are advertised and sold directly by owners without enlisting the services of an agent. Over the past three years, FSBOs have made up 4-6% of all home listings nationally, which translated to roughly 63,000 homes for sale during September 2021. The research also found that … [More]

Should Your Business get Involved in Political Debate?

by Dr. Jennifer Charles

In today's political climate, where everyone is jumping in with an opinion about everything, it's tempting — as a business owner — to jump on trending topics. Jumping on a trending topic can mean exposure for your business that it might not have gotten otherwise. However, taking a stand might alienate specific customers. So, should your business get involved in the political … [More]

Arizona’s Main Streets Could Still Use the Help

inbusinessPHX.com

The state’s leading small-business association today encouraged all Arizonans to reserve some of their holiday shopping time and money for Small Business Saturday, November 27, the day after Black Friday and two days before Cyber Monday. “Shopping at small businesses helps the Arizona economy,” said Chad Heinrich, Arizona state director for the National Federation of … [More]

Americans Encouraged to ShopSmall® for 12th Annual Small Business Saturday, Nov. 27

U.S. Small Business Administration

U.S. Small Business Administration Administrator Isabella Casillas Guzman encouraged Americans to Shop Small on Small Business Saturday®, November 27, in support of their local businesses and Main Street economies. “This Small Business Saturday, let’s celebrate the contributions of small businesses to our communities by supporting small in all the ways that we can,” said … [More]

Home Prices Start Q4 Slower, But Just Slightly, Reveals Home Price Index

Radian

In a repeat of the 2020 experience, after a very strong third quarter, home prices across the United States continued to climb in October albeit at a slower pace than in September. Radian HPI rose at an annualized rate of 17.3 percent in the month of October, slightly below the 17.6 percent recorded in the prior month, according to Radian Home Price Index (HPI) data released … [More]

Shift toward Seasonal Norms Could Benefit Buyers, Renters

Zillow

After ignoring the annual autumn memo to cool down last year, the housing market is finally showing signs of moderation typically seen in the fall, according to Zillow's latest market report1.   "Home buyers shopping this fall shouldn't expect the same frenzied demand that triggered bidding wars on listings this spring and summer," said Zillow senior economist Jeff Tucker. … [More]

U.S. Weekly Jobless Claims Remain Steady, Little Sign of Worsening

U.S. Department of Labor

In the week ending November 13, the advance figure for seasonally adjusted initial claims was 268,000, a decrease of 1,000 from the previous week's revised level. This is the lowest level for initial claims since March 14, 2020 when it was 256,000. The previous week's level was revised up by 2,000 from 267,000 to 269,000. The 4-week moving average was 272,750, a decrease of … [More]

Single-Family Rent Prices Hit Double-Digit Growth in September, 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. September 2021 data shows a national rent increase of 10.2% year over year, up from a 2.6% year-over-year increase in September … [More]

Three Large Projects Break Ground to Push Construction Starts Higher, Semiconductor Plant in Phoenix Tops List

Dodge Construction Network

Total construction starts pushed 16% higher in October to a seasonally adjusted annual rate of $1.01 trillion, according to Dodge Construction Network. Nonresidential building starts gained 29% and nonbuilding moved 52% higher in October, while residential starts lost 8%. The month’s large gains resulted from the start of three large projects: two massive manufacturing plants … [More]

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