As the Paris Air Show kicks off, Arizona’s premier aerospace and defense (A&D) attractiveness is once again on the global stage. Home to some of the world’s largest A&D companies, innovative startups, and next-generation technologies and manufacturing, Arizona is at the forefront of the aerospace and defense industry. Over the last five years, Arizona has attracted … [More]
10 Hottest U.S. New Home Markets Revealed, Metro Phoenix High on List
Since 2005, Zonda's BUILDER has revealed the largest U.S. new-home markets through its Local Leaders list, which includes the top 10 builders within each. BUILDER's 50 hottest home building markets in 2025 went live. This year the list is dominated by Texas, Arizona, Georgia, and Florida in the top eight spots. The Sunbelt continues to have a strong presence on Local Leaders … [More]
Their Take: Growth Isn’t the Problem—It’s the Answer
Arizona has experienced a bonanza of population and job growth over the last five years, and it's transforming our economy in exciting ways. Since 2020, roughly 100,000 people have moved to our great state every year, according to the Common Sense Institute. The momentum shows no signs of slowing. From major manufacturing to high-tech and corporate relocations, job growth has … [More]
First In-Depth Analysis of Waymo’s Entry into the Rideshare Market Released
Obi, the global real-time aggregator for rideshare prices, released The Road Ahead: Pricing Insights on Waymo, Uber and Lyft, a data-driven analysis comparing the rideshare giants in the real world. With hour-by-hour data from nearly 90,000 rides in San Francisco, and consumer surveys from over 500 riders across Phoenix, Los Angeles, and San Francisco, the report offers the … [More]
Survey: Americans Are Torn on How Immigration, Tariffs Impact Housing Affordability
Over half of U.S. homeowners and renters (51.2%) strongly or somewhat agree with the following statement: “Less immigration will result in fewer construction workers, and thereby fewer new homes, making homes more expensive.” That’s according to a new survey commissioned by Redfin, the technology-powered real estate brokerage. But much of the nation holds the opposite view; … [More]
Small Business Optimism Increases in May
Taxes are now small business owners’ single most important problem
The NFIB Small Business Optimism Index increased by three points in May to 98.8, slightly above the 51-year average of 98. Expected business conditions and sales expectations contributed the most to the rise in the index. The Uncertainty Index rose two points from April to 94. Eighteen percent of small business owners reported taxes as their single most important problem, up … [More]
Arizona Is Among the Most Affected by Inflation
Phoenix losses reach 86% of interest gains over 40 years, study reveals
Many Americans see their account balances growing and assume they're building wealth, but don't realize how much of that growth is being canceled out by rising prices. A new study by RealWorldInvestor.com, an investing review site, has calculated how inflation will erode Americans' savings over the next four decades, revealing stark regional differences in how much of their … [More]
Main Street Labor Market Weakened in May
Small business owners continue searching for qualified applicants
NFIB’s May jobs report found that 34% (seasonally adjusted) of small business owners reported job openings they could not fill in May, unchanged from April, and the lowest since January 2021. “Amid uncertainty, small business owners’ hiring plans remain subdued in May,” said Chief Economist Bill Dunkelberg. “Compensation pressures have also eased offering some much needed … [More]
Luxury Housing Market Loses Spring Momentum, Metro Phoenix Sees Price Cuts
The luxury housing market tapped the brakes in April. Financial volatility led both buyers and sellers at the high end to hit pause, according to Zillow's latest look at the luxury housing market. The typical luxury home — defined as the top 5% most valuable homes in each region — is now worth about $1.8 million nationwide, and more than double that in six major metros: San … [More]
U.S. Home Sellers Are Sitting on $700B Worth of Listings, an All-Time High
There’s a total of $698 billion worth of homes for sale in the U.S., up 20.3% from a year ago and the highest dollar amount ever, according to a new report from Redfin, the technology-powered real estate brokerage. The report is based on an analysis of listings on Redfin.com going back through 2012. For the total dollar value of all inventory on the market, Redfin summed up … [More]
Top Questions Entrepreneurs Should Ask Their Financial Advisors
Financial planning helps protect wealth and adapt to new goals
Building a profitable business is hard work and a major accomplishment. But as entrepreneurs focus on daily operations, planning and adapting their enterprise to market conditions, proactively managing wealth oftentimes takes a backseat to their work. Ultimately, long-term financial success isn’t just about how much money an entrepreneur makes; it’s about how much they keep … [More]
June 2025 Guest Editor: Governor Katie Hobbs, State of Arizona
Keeping Business Booming It takes a community, and Greater Phoenix’s business community has a well-earned reputation for being supportive. In Business Magazine has coordinated a collection of experts in key pillars for this month’s cover story to help businesses address concerns about surviving and thriving in these uncertain times. As reflected in this month’s issue, … [More]
Economic Protections: Ensure Strong Profits in Down Times
The landscape surrounding businesses today is challenging, strewn with hurdles and dilemmas. But not without opportunities as well. In Business Magazine has tapped into the wealth of expertise in our community in key areas to help businesses navigate the challenges and maximize the opportunities. Accounting Navigating Economic Uncertainty with Data-Driven … [More]
New Apartments Are Sitting Vacant for Months, Giving Renters Power to Negotiate Concessions
Less than half (49%) of newly built apartments completed in the fourth quarter of 2024 were rented within three months, up slightly from 47% the previous quarter. That’s according to a new report from Redfin, the technology-powered real estate brokerage. This was the fifth consecutive quarter that the rental absorption rate was below 50%, a speed that continues to lag behind … [More]
Survey Shows Diverging Industry-Specific Small Business Optimism
Quarterly survey focuses on the construction, manufacturing, retail, and services industries
The NFIB Research Center released an industry-specific quarterly Small Business Economic Trends survey highlighting the construction, manufacturing, retail, and services industries. According to the report, the Optimism Index across the four reported industries decreased from the previous quarter. Despite this decline, optimism in the construction, manufacturing, and services … [More]
Real Estate Agent Commissions Haven’t Changed Much since the NAR Settlement Took Effect
The average buyer’s agent commission was 2.40% for homes sold in the first quarter, according to a new report from Redfin, the technology-powered real estate brokerage. That’s up slightly from 2.37% in the fourth quarter of 2024 and 2.36% in the third quarter of 2024—when the new National Association of Realtors (NAR) commissions rules went into effect—but down slightly from … [More]
Arizona Residents Carry the Fifth-Highest Credit Card Debt in U.S., Study Finds
A new study conducted by H&P Law, the Las Vegas personal injury lawyers, has revealed significant disparities in credit card debt across the United States. The research indicates that Connecticut residents carry the highest average credit card debt, while Iowa residents owe the least. Top 5 States with the Highest Credit Card Debt Rank State Average Credit Card … [More]
Small Business Optimism Declines in April, Survey Reveals
Fewer owners planning to increase business investments
The NFIB Small Business Optimism Index declined by 1.6 points in April to 95.8, the second consecutive month below the 51-year average of 98. The Uncertainty Index decreased four points from March to 92 but remained far above the historical average of 68. Seasonally adjusted, 34% of business owners reported job openings they could not fill in April, down six points from March. … [More]
