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]
Arizona among Top 10 U.S. States Most Likely to Face Heatwave Fatalities, Study Finds
The research by Las Vegas-based personal injury lawyers Ladah Injury & Car Accident Lawyers analyzed heat-related illness deaths and record temperatures across major U.S. states. It measured two main metrics: Heat-Related Illness Deaths (scored out of 60 points) and All-time Maximum Temperature (scored out of 40 points). These metrics were totaled to rank the states from … [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]
Phoenix Tax Rates to See Slight Increase Starting July 1
Phoenix residents and businesses should be aware of an upcoming change to the City of Phoenix Transaction Privilege and Use Tax (TPT) rates. This tax, often thought of as similar to sales tax though it's actually a tax on the business doing activity within the city, is scheduled to increase. On March 18, 2025, the Phoenix City Council approved Ordinance G-7369. This … [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]
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]
Point in Time Homeless Count Sees Increase in People Living Unsheltered
Total is higher than 2024, but on par with recent years
Results from the 2025 Point in Time Homeless count (PIT count) are in, and the region has seen a 3 percent increase in the number of people experiencing homelessness, in particular among those living unsheltered – sleeping in parks, cars, and other places not meant for habitation. The count was conducted on January 28, 2025, as part of an annual nationwide effort to count … [More]
Phoenix Office Market Evolves as Demand Shifts Toward Upgraded Class-A Space
Phoenix’s office market is continuing to evolve as demand for upgraded Class-A space drives a surge in tenant improvement projects, according to LGE Design Build’s newly released Q2 2025 Construction Delivery Outlook. “Phoenix’s growth trajectory is still strong, but we’re now seeing more selective investment as developers and owners react to new market signals,” said Blake … [More]
Their Take: Why Medicaid Matters to Arizona’s Business Ecosystem
Proposed AHCCCS cuts could destabilize healthcare access, workforce participation, and local economies
In the vast landscape of Arizona, the Arizona Health Care Cost Containment System (AHCCCS) provides critical support for more than 2 million residents. Medicaid, which primarily serves low-income individuals, is more than just a health insurance program — it is a lifeline for children, adults with disabilities, elderly citizens and other vulnerable populations. But it also … [More]
Is Quiet Firing a Widespread Strategy?
More companies are dropping bachelor’s degree requirements, citing benefits like diversity and lower salary costs
A new ResumeTemplates.com survey of 1,128 business leaders finds that quiet firing is a widespread strategy in 2025. More than half of companies say they are using or plan to use the tactic—defined as pushing employees out indirectly through delayed raises, heavier workloads, and reduced benefits. 53% of Companies Are Quiet Firing This Year 42% are already quiet firing, … [More]
Majority of Gen Z ChatGPT Users View AI as Coworker, Says Survey
Resume.org, the platform for building resumes, has released new findings from a May 2025 survey exploring how workers use ChatGPT on the job. The survey of 8,647 full-time U.S. employees reveals that Gen Z is far ahead of older generations in adopting and integrating ChatGPT into their daily work lives. From brainstorming ideas to making tough decisions, Gen Z is not only using … [More]
Developer Delivers Biltmore-Area Luxury Office Redevelopment
Phoenix-based developer George Oliver has completed its Bond office redevelopment in the heart of the Camelback Corridor, delivering a market-leading amenity package in what the company considers its most ambitious metro Phoenix office transformation to date. Located at 3200 E. Camelback Rd., Bond sits on the landmark corner of 32nd Street and Camelback Road in Phoenix, … [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]
8 in 10 Hiring Managers Say Recent College Grads Didn’t Work Out on the Job
Managers report excessive phone use, lack of professionalism, and poor initiative among recent graduates
Resume.org, the leading platform for building a resume, has released new findings from an April 2025 survey assessing how hiring managers view recent college graduates. The survey of 1,000 U.S. hiring managers reveals that 8 in 10 say a recent college graduate didn’t work out at their company in the past year, and 65% say they had to fire at least one. Managers also report … [More]
New Tariffs Reshape Economic Landscape, Highlighting Commercial Real Estate’s Stability
Sweeping tariff policy heightens uncertainty. The recent introduction of the “Liberation Day tariffs” marks the most significant shift in U.S. trade policy in more than a century, propelling the net effective tariff rate from about 2.5 percent last year to well above that for most countries. A 10 percent blanket tariff now covers nearly all imports. Initially, 90 countries … [More]
Arizona Is the Sixth-Best State to Work In for Wage Increases, Study Finds
A new study finds that Arizona experienced the sixth-largest wage increase between 2020 and 2023, recording an 18.4% increase. This wasn't too far behind the state with the largest percentage increase, Montana, which saw a 20.7% rise. According to the data, only four states saw wage increases that outpaced inflation. Work management experts Asana analyzed Bureau of Labor … [More]
Greater Phoenix Housing Market Gains Momentum with Sales Increase
The number of residential home sales rose for the second month in a row. Year-over-year closed home deals increased 4.1% compared to the first four months of 2024. “With all the questions about the economy, it’s reassuring to see closings rise again,” said Christy Walker, board president of Phoenix REALTORS®. “New listings are also up again, which gives us a diverse range of … [More]
