Demand for Super Bowl Tickets Softens Compared to Last Year

inbusinessPHX.com

According to ticketing technology company Logitix, the demand for Super Bowl LVII tickets is down compared to last year. The figures below show what fans are actually paying across multiple exchanges on the secondary market, not including fees. The price per ticket this year to see the Eagles and Chiefs in Arizona is about 8% lower than fans paid to see the Bengals and Rams … [More]

Phoenix Is a Magnet for Wealthy Renters, Boasting More Than 10,000 High-Income Renter Households

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After a spectacular 82% growth between 2015 and 2020, the number of high-income renters has reached 2.6 million nationwide. What’s more, we discovered a new type of tenants among the high-heeled renters: the millionaire renters, whose number has tripled in the past 5 years.  Phoenix claims 10th place on the list of America’s top cities that have seen significant increases in … [More]

House Prices Declining Fastest in Overvalued Markets, Phoenix Not So Much

Rick McCartney

First American Financial Corporation, a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today released the November 2022 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 … [More]

Barrett-Jackson Surpasses $150M Milestone in Total Dollars Raised for Charity to Date

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Barrett-Jackson, The World’s Greatest Collector Car Auctions, surpassed the $150 million milestone in total dollars raised for charity to date. With 100 percent of the hammer price going directly to charity, the milestone was achieved with the sale of a 2021 Shelby Super Snake Count’s Kustoms Edition (Lot #3000) that sold for $350,000 on Friday afternoon to benefit Camp … [More]

$5.5M Grant from Arizona Department of Health Services to Help ASU Fill Nursing Need

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Judith Karshmer doesn’t mince words when it comes to the nursing shortage in Arizona and the rest of the country. “This is a dire nursing need,” said Karshmer, dean of Arizona State University’s Edson College of Nursing and Health Innovation. The average national vacancy rate for registered nurses in hospitals in 2022 was approximately 10%, and a study from the U.S. … [More]

Airline Offers More Non-Stop Flights to Phoenix Week of Super Bowl

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Southwest Airlines Co. is adding more flights and more ways for football fans to cheer on their favorite team in Phoenix during the big game next month.These flights, as well as the carrier's full schedule, are available for purchase at Southwest.com. And, for football fans traveling while the action is being played out on the gridiron on Feb. 12, 2023, they can watch all … [More]

VRBO Launches New Technology to Prevent Party-House Bookings in Time for the Big Game in Phoenix

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Vrbo announced the national deployment of new unauthorized event prevention technology that identifies potentially disruptive parties before they take place. During its 12-month pilot phase, it is estimated the system prevented over 500 unauthorized event bookings in the U.S. — saving Vrbo hosts roughly $2.5 million in party-related damagesi and minimizing disruptions to … [More]

BBB Launches Financial Workshop Series Offering Access to Capital, Business Mentorship, and Personal Finance Education

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Better Business Bureau Serving the Pacific Southwest (BBB) with community partner Arizona Coyotes Foundation, will lead monthly financial workshops starting in January to increase access to financial and business resources for underserved entrepreneurs. The Better Money: A BBB Financial Workshop Series offers requested resources to small businesses in Arizona which include … [More]

The Total Cost of the Super Bowl; Ads Up to $7M for a 30-Second Spot

inbusinessPHX.com

Ask any American what the number one sporting event saved in their phone is and chances are they’ll tell you it’s the Super Bowl. Possibly the biggest sports event on the nation’s collective calendar, it goes without saying that the Super Bowl is a colossal competition. So, with February 12th right around the corner, Betway can now reveal the sheer volume of numbers that … [More]

Vitalyst Unveils Program to Increase Funding Opportunities for Underserved Communities

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Vitalyst Health Foundation announces the creation of a Program Related Investment initiative designed to invest in high-need communities with the goal of providing capital to organizations that support social returns on investment over traditional investing goals of financial return. The Vitalyst Board of Trustees approved an investment reallocation that will re-direct a … [More]

New Sub-Zero Manufacturing Space Breaks Ground in Goodyear

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ViaWest Group, a Phoenix-based, full-service commercial real estate firm, began work in Goodyear on the latest Valley location for the Sub-Zero Group, Inc., which, at completion, will total more than one million square feet of manufacturing space in Goodyear for the major kitchen appliance company. ViaWest Group, Scottsdale Investment Management, and their building partners … [More]

Survey Reveals 4 in 10 Companies Are Hiring Contractors to Replace Laid-Off Workers

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ResumeBuilder.com, the premier resource for professional resume templates and career advice, has published a recent survey report that shares insight into how many companies are currently “quiet hiring.” Researchers analyzed responses from 1,000 business leaders at companies with at least 50 employees. According to the report, 57 percent of business leaders surveyed say they … [More]

Phoenix-Based Software Firm Launches New Metaverse Products Division

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Founders Workshop, a 14-year old digital product and software development firm in Phoenix, has announced the formation of its new Metaverse Workshop division and the hiring of Julian Reyes as Chief Metaverse Officer. Metaverse Workshop will deliver business consulting and product development around a variety of emerging technologies related to the Metaverse, Web3, and … [More]

Valley Creative Agency Reps Phoenix Convention Center and Its Venues, Plans to Elevate Downtown Phoenix

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After a competitive bidding process that involved several Phoenix area marketing agencies, Kitchen Sink Creative, a full-service creative agency based in Phoenix and part of the SCC Global Family, is pleased to announce its selection as the marketing agency of record for the Phoenix Convention Center, Symphony Hall and Orpheum Theatre Phoenix. The five-year contract engages … [More]

U.S. Mortgage Performance Remains Exceptionally Healthy

Rick McCartney

CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for November 2022. For the month of November, 2.9% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 0.7 percentage point … [More]

Phoenix Area Renting Costs Nearly $1,116 Less per Month than Buying, Says Report

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For many Americans hoping to make the transition to first-time buying in 2023, renting will likely offer relatively more affordable options in the months ahead, according to the Realtor.com® Monthly Rental Report released today. On average across the 50 largest U.S. metros in December, a typical renter faced a 41.4% ($792) lower monthly payment than a starter homeowner. In the … [More]

Report: The Housing Market Has Started to Recover But We’re Not Out of the Woods Yet

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The housing market has begun to recover after hitting a low point in the second week of November, according to a new report from Redfin, the technology-powered real estate brokerage. The number of Redfin customers requesting first tours has improved 17 percentage points from the November trough, and the number of people contacting Redfin agents to start the homebuying … [More]

United Celebrates Historic First Graduating Class of Its Goodyear Flight Academy Pilots

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United, the only major U.S. airline to own a flight school, is celebrating the graduation of United Aviate Academy's inaugural class of pilots, an important step towards training the next generation of talented, qualified, and motivated aviators. The inaugural graduating class includes 51 students – with nearly 80% being women or people of color – marking the next step towards … [More]

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