A fixture in the San Francisco Bay Area for more than 50 years, SEMICON West is moving to Phoenix for a five-year annual rotation starting in 2025 and shifting from its longstanding July event dates to October beginning in 2024, SEMI announced today. The event, North America’s premier microelectronics exhibition and conference, will be held again in Arizona in 2027 and 2029, … [More]
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SEMICON West Shifts to October in 2024, Begins Annual Rotation with Phoenix in 2025
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Home Prices Post Small Increase as Mortgage-Rate Drop Attracts Buyers, Phoenix Prices Fell 3.7%
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Redfin Reports Home Prices Post Small Increase as Mortgage-Rate Drop Attracts Buyers An increase in home searches and tours at the end of 2022 is starting to translate into purchases as mortgage rates fall. Mortgage applications are up 25%, and the slowdown in pending sales is easing. The median U.S. home-sale price increased 0.9% from a year earlier to … [More]
Higher Ed Meets Hollywood: ASU-Incubated VR Company Raises $20M to Transform STEM Education
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Dreamscape Learn announced a $20 million Series A investment by backers including Bold Capital Partners, GSV Ventures, Verizon Ventures, and Cengage Group. Built in collaboration with Arizona State University (ASU), the company develops immersive learning experiences that blend innovative pedagogy with the emotional power of cinematic storytelling. "When I … [More]
Rents Rising Faster Than Home Prices in Almost Half the U.S., Not in Maricopa County
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ATTOM, a leading curator of real estate data nationwide for land and property data, today released its 2023 Rental Affordability Report, which shows that the average three-bedroom rent is more affordable than owning a comparably sized median-priced home in 210, or 95 percent, of the 222 U.S. counties analyzed for the report. Both renting and owning a … [More]
Recap: Governor Hobbs Fiscal Year 2024 Executive Budget Released
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Governor Katie Hobbs released her executive budget priorities with a focus on lowering costs, investing in public education, securing the state’s water future, tackling the affordable housing crisis and more. “We have an opportunity to make a significant change in the lives of the families and communities of this state. We are committed to facing our challenges head on to … [More]
Consumer Prices Rose 6.5%, Showing Inflation Continues to Ease
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The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in December on a seasonally adjusted basis, after increasing 0.1 percent in November, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 6.5 percent before seasonal adjustment. The index for gasoline was by far the largest contributor to … [More]
Solar Co. Announces First U.S. Solar Module Manufacturing Facility In Phoenix
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JA Solar, a global solar cell and module manufacturing leader, announced today it has leased space for its first manufacturing facility in the U.S. in Phoenix, Arizona. The new facility will produce high-performance photovoltaic (PV) products, and is expected to be operational by Q4 2023, creating over 600 new jobs. Representing a $60 million investment, the new facility will … [More]
Super Bowl Preparedness Campaign Launches for Short-Term Rental Hosts
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Arizonans for Responsible Tourism (AZRT) has launched the Pregame Prep campaign to help Arizona short-term rental hosts in the Glendale-Phoenix metro area get ready to host around Super Bowl LVII. The hosting education series covers two key areas: Compliance education around the blitz of new local short-term rental ordinances passed in the wake of Arizona's … [More]
Governor Hobbs Announces Cabinet Members Focused on Cultivating and Growing Arizona’s Economy
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Governor-Elect Katie Hobbs announced several members of her cabinet who will be focused on growing our State’s economy, and running Government well. With a proven track record of success, and years of expertise, these are the dedicated professionals who will run State Agencies and help us build an Arizona for everyone. “My cabinet will hit the ground running by implementing … [More]
U.S. Employers Added 223,000 New Jobs in December, a Strong Showing amid Slight Slowdown
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Total nonfarm payroll employment increased by 223,000 in December, and the unemployment rate edged down to 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, health care, construction, and social assistance. This news release presents statistics from two monthly surveys. The household survey measures … [More]
Governor Katie Hobbs Launches First 100 Days Initiative
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Governor Katie Hobbs announced her First 100 Days Initiative, which includes the first 100 actions she will take as governor to help build an Arizona for everyone. The Governor’s bold agenda for her first 100 days in office will focus on her top policy priorities, such as strengthening the economy and making Arizona more affordable, improving public education, and securing the … [More]
Former Lawmaker and Political Operative Partner to Launch New Firm
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Former Arizona State Representative César N. Chávez and political operative Luis M. Acosta, have partnered to launch Oracle Strategies. Arizona has quickly become the key battleground state that determines the political direction the rest of the country will take. The 2022 election was a historical one that included victories for Democratic nominees in the offices of … [More]
Katie Hobbs Sworn In as Arizona’s 24th Governor
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This morning, Governor Katie Hobbs, Secretary of State Adrian Fontes, Attorney General Kris Mayes, State Treasurer Kimberly Yee, Superintendent of Public Instruction Tom Horne, and State Mine Inspector Paul Marsh were sworn into office in a ceremony on the Ninth Floor of the Capitol Executive Tower. Arizona’s Constitution requires these statewide elected officials to begin … [More]
Annual U.S. Mortgage Delinquency Rate Falls for 19th Straight Month
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CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for October 2022. For the month of October, 2.8% 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 1 percentage point decrease … [More]
Luxury-Home Sales Sink 38%, the Biggest Decline on Record
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Sales of luxury U.S. homes fell 38.1% year over year during the three months ending Nov. 30, 2022, the biggest decline on record, according to a new report from Redfin, the technology-powered real estate brokerage. That outpaced the record 31.4% decline in sales of non-luxury homes. Redfin’s data goes back to 2012. The luxury market and the overall housing market have lost … [More]
2022 In Review: All Eyes on Arizona!
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Arizona drew the eyes of the world in 2022 as businesses made record investments and high-tech industries surged. “Made in Arizona” became an oft-repeated slogan with manufacturing breakthroughs across industries including semiconductors, electric vehicles, batteries, aerospace, renewable energy and more. By October, Arizona claimed the fastest year over year manufacturing job … [More]
Department of the Interior Invests More Than $84M in Arizona and Other Drought Resiliency Projects
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The Department of the Interior announced a $84.7 million investment from President Biden's Bipartisan Infrastructure Law to help 36 communities throughout the West prepare and respond to the challenges of drought. The selected projects will help bring clean, reliable drinking water to communities across the West through investments in innovative drought resilience efforts, such … [More]
Home Affordability Worsens across U.S. during Q4 2022, Phoenix No. 2 on the List
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ATTOM, a leading curator of real estate data nationwide for land and property data, today released its fourth-quarter 2022 U.S. Home Affordability Report showing that median-priced single-family homes and condos are less affordable in the fourth quarter of 2022 compared to historical averages in 99 percent of counties across the nation with enough data to analyze - far above … [More]
