Home prices across the United States rose at an annualized rate of 11.5 percent in May 2021 from April 2021, according to Radian Home Price Index (HPI) data released today by Red Bell Real Estate, LLC, a Radian Group Inc. company (NYSE: RDN). The company believes the Radian HPI is the most comprehensive and timely measure of U.S. housing market prices and conditions available … [More]
Greater Expectations: New Economic Opportunity in Arizona
There is tremendous opportunity in Greater Phoenix to grow business and continue diversifying our economic and employment base that will bring opportunity for our residents and move our innovation-centered economy forward. Supporting this assessment, Chris Camacho, president and CEO of Greater Phoenix Economic Council, says, “To meet the increasing demand, buildings continue to … [More]
How We Make the Most of Our Potential – What’s Next
“Statewide, we have many opportunities and momentum, but we need to come together to plan for the future,” says Carrie Kelly, executive director of Arizona Association for Economic Development, emphasizing the need for collaboration on a united, long-term economic development vision and goals. “We need all Arizona residents to be covered by regional visioning processes, and … [More]
How We Make the Most of Our Potential – What We’re Doing Now
“We are making the most of our potential by continuing to court, in a systematic way, the organizations that fit best with the business ecosystems that are thriving in Phoenix,” says Mayor Kate Gallego, naming semiconductors, advanced manufacturing, biosciences, electric vehicles, healthcare professions, financial services and construction. “Phoenix is the fifth largest city … [More]
How We Got Here
With more than two decades’ experience in her field, Phoenix’s community and economic development director Christine Mackay says, “I’ve never seen a market like today." “We’re reaping the benefit of all the work our development community put in, in the time that was the Great Recession,” she adds, explaining that universities, community colleges and the development community … [More]
What the Opportunity Is for Business
“For me one of the most encouraging signs is the ‘Phoenix Global Rising’ initiative which dares to claim Phoenix as a leading global city,” says Doug Bruhnke, founder and CEO of Global Chamber, contrasting now to the last deep recession and sharing that Global Chamber recently prepared an "Invest in Arizona" presentation for Japanese companies that highlights the dynamics in … [More]
The Greater Phoenix Market Now – Surging
Business growth and population growth go hand in hand, observes Micah Miranda, economic director for the City of Chandler, and notes, “People are moving here because of great job opportunities that promise a better quality of life.” On the business side, he notes access to talent is one of the top factors in most corporate location decisions, and “businesses choose Metropolitan … [More]
Jerry Colangelo, JDM Partners
Arizona has been lauded in recent years as one of the fastest-growing states in the country, one of the strongest for entrepreneurial growth, and even its composite cities have been singled out for various economic distinctions. Our natural characteristics — proximity to global markets, ample sunshine, an unbeatable quality of living — have played a role in some of the growth. … [More]
What Is the YOLO Economy?
The acronym “YOLO” took the world by storm in 2011 when Canadian rapper Drake used the term, meaning You Only Live Once, in a song. Since then, YOLO has been used far and wide as a newer version of carpe diem, or seize the day, as a way to encourage people to take risks and live life to the fullest. Now YOLO is being used to describe a new mindset that is changing the economy … [More]
Engaged with Purpose: Who’s Driving the CAR?
It’s not enough to know something; a person must engage to see results. And what drives anyone’s engagement will significantly impact whether they stay engaged for the long run. According to Gallup (2021), only 35% of employees in the United States are engaged in their jobs. For business leaders, that means that, statistically, six out of 10 U.S. employees are not engaged. … [More]
Feedback: July 2021
Question: What were your top reasons for locating here in Greater Phoenix? Barbara Hagen VP, Sales and Marketing ThriftBooks Sector: e-Commerce Thrift Books Global LLC has been operating in Greater Phoenix since 2011. Over the years, we have found the market conditions to be very advantageous, with its geographic positioning, strong labor market and favorable business … [More]
Despite Record Low Rates, 78% of Homeowners Passed Up Refinancing Last Year
Fewer than a quarter of established homeowners refinanced their mortgages over the last year, even though about half of those who did say they cut their monthly payments by at least $300. Those savings often went toward home renovations or paying off debt. Zillow surveyed more than 1,300 homeowners who did not move over the past year (as of late April) to find out what … [More]
