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 2020. Nationally, home prices increased 8.2% in November 2020, compared with November 2019, marking the largest annual appreciation since March 2014. On a month-over-month basis, home prices … [More]
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Arizona Passes Prop. 207 to Become the 13th State to Legalize Marijuana
by Raul Molina
At the end of last year, Arizona voters overwhelmingly passed Proposition 207, legalizing recreational marijuana in our state. So, what happens next? According to the Arizona Secretary of State’s office, the law will allow limited marijuana possession, use and cultivation by adults 21 or older; amend criminal penalties for marijuana possession; ban smoking marijuana in … [More]
U.S. Weekly Jobless Claims Fall to Just Above 800,000
U.S. Department of Labor
In the week ending December 19, the advance figure for seasonally adjusted initial claims was 803,000, a decrease of 89,000 from the previous week's revised level. The previous week's level was revised up by 7,000 from 885,000 to 892,000. The 4-week moving average was 818,250, an increase of 4,000 from the previous week's revised average. The previous week's average was revised … [More]
Early Research Indicates that 58% of Frontline Healthcare Workers Are Most Concerned about COVID-19 Vaccine Adoption
Waggl
Waggl, the most powerful Employee Voice platform for hospital systems, today released preliminary results from “The Voice of Healthcare Workers,” a dynamic resource that enables frontline healthcare workers to share real-time suggestions and insights with their peers about the rollout of the COVID-19 vaccination. “With the COVID-19 vaccine being distributed to the front-line … [More]
Real Estate Website Predicts Stronger Housing Market Across the Board in 2021
Zillow
The for-sale housing market showed incredible strength in 2020, and Zillow® predicts 2021 will be even stronger. Demand continues to grow, and is expected to surge in the cities as economies reopen. Zillow forecasts annual home sales growth will be the highest in nearly 40 years as life and financial certainty brings more sellers into the market to meet the heavy demand and … [More]
Workforce Report Shows ‘Positive Development’ in Key Arizona Industries
Greater Phoenix Chamber
The Greater Phoenix Chamber Foundation hosted a Workforce Webinar on Dec. 10th and discussed the current and future state of Arizona’s Workforce. Trevor Stokes, CEO, Partnership for Workforce Innovation provided an analysis of the Greater Phoenix region’s labor market, unemployment, dynamic industries and how COVID-19 impacted Valley businesses. “Despite the challenges of … [More]
Home Value Growth Breaks Records as Rents Stabilize
Zillow
Rent appreciation began to recover in November after a long slide that began in February, and home value growth soared to new heights, according to Zillow's® latest Real Estate Market Report1. Looking forward, Zillow economists predict 2021 sales to be the strongest since 2005, for rent growth to make up for what it lost in 2020 and for home values to reach 10% year over year … [More]
Weekly Jobless Claims Increase Again Following Record Rise of COVID-19 Cases
U.S. Department of Labor
In the week ending December 12, the advance figure for seasonally adjusted initial claims was 885,000, an increase of 23,000 from the previous week's revised level. The previous week's level was revised up by 9,000 from 853,000 to 862,000. The 4-week moving average was 812,500, an increase of 34,250 from the previous week's revised average. The previous week's average was … [More]
How the Economic ‘Reset’ Can Work in Your Favor
inbusinessPHX.com
While news of vaccines on the horizon signal hope, some analysts think a sizable chunk of the U.S. economy has been damaged permanently by COVID-19, with more layoffs and business closures still to come in 2021. But to others, the future of a “new economy” in the post-COVID world is bright, opening doors for entrepreneurs, working professionals and small-to-medium business … [More]
One-in-Four Small Business Owners Will Close Doors if Economic Conditions Don’t Improve, Says Survey
NFIB
The NFIB Research Center released its latest survey focusing on the impact the COVID-19 pandemic and imposed shutdowns have had on small businesses. This is the 14th survey since early March. One-in-four small business owners reported that they will have to close their doors in the next six months if the current economic conditions don’t improve, up 5% from last month. Another … [More]
U.S. Single-Family Rent Growth Reached Pre-Pandemic Levels in October, Says Report
Rick McCartney
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 more than 20 metropolitan areas. Data collected for October 2020 shows a national rent increase of 3.1% year over year, up from a 2.9% year-over-year … [More]
Survey: 49% of Minority Small Businesses Can’t Afford December Rent
Alignable
Based on the latest Alignable Rent Poll, the ability of small businesses to pay their full rent in December continues to decline, as more COVID-related shutdowns occur. Overall, 35% of small business owners reported that they couldn't make rent this month (up 3% from 32% in November). And for minority-owned businesses, the struggle is even more pronounced: nearly half … [More]
Survey: Nearly 70% of Americans Will Not Travel for Christmas
American Hotel & Lodging Association
A recent national survey commissioned by the American Hotel & Lodging Association (AHLA) shows that nearly two-thirds (69%) of Americans will not travel for Christmas. With a new surge in COVID-19 cases, the CDC recommending that Americans do not travel over the holiday season and new stay-at-home orders in place in states across the country, the holiday season will … [More]
Home Equity Reaches Record Highs: Homeowners Gained Over $1 Trillion in Equity in Q3 2020, Says Report
CoreLogic
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the Home Equity Report for the third quarter of 2020. The report shows U.S. homeowners with mortgages (which account for roughly 63% of all properties) have seen equity increase by 10.8% year over year, representing a collective equity gain of $1 trillion, and an … [More]
U.S. Weekly Jobless Claims Up Sharply as COVID-19 Cases Rise to Record Numbers
U.S. Department of Labor
In the week ending December 5, the advance figure for seasonally adjusted initial claims was 853,000, an increase of 137,000 from the previous week's revised level. The previous week's level was revised up by 4,000 from 712,000 to 716,000. The 4-week moving average was 776,000, an increase of 35,500 from the previous week's revised average. The previous week's average was … [More]
CPI for Urban Areas up 0.2%, Demonstrating Slow Growth Ahead
U.S. Bureau of Labor Statistics
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in November on a seasonally adjusted basis after being unchanged in October, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.2 percent before seasonal adjustment. The seasonally adjusted increase in the all items index was … [More]
Report: Serious Delinquencies Leveled Off in September for the First Time Since Start of Pandemic
CoreLogic
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for September 2020. On a national level, 6.3% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure). This represents a 2.5-percentage point increase in the overall … [More]
How the DACA Program Restores Hope and Creates New Opportunities for Dreamer Entrepreneurs
by Edgar R. Olivo
Imagine being at your desk, contemplating your business and professional goals for the upcoming year and suddenly, with no warning, you are told they are never going to happen because the current President does not consider you valuable enough as a contributor to the economy. This was the sentiment and reality for hundreds of thousands of Dreamers whose aspirations were held … [More]
