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Growth & Enterprise  |    |  

Keller Williams to Scale 72SOLD Services across U.S. and Worldwide

inbusinessPHX.com

Keller Williams (KW), the world’s largest real estate franchise by agent count, has entered a strategic partnership with 72SOLD, the leading home selling program in America. Founded by Greg Hague, an Arizona-based attorney and real estate broker, 72SOLD has an advanced home sale process that is more convenient for sellers, increases their sale price, and provides more … [More]

Economy & Trends  |    |  

Luxury-Home Sales Sink 18%, the Biggest Decline since the Start of the Pandemic

Redfin

Sales of luxury U.S. homes fell 17.8% year over year during the three months ending April 30, the largest drop since the onset of the coronavirus pandemic sent shockwaves through the housing market. By comparison, sales of non luxury homes fell 5.4%. That's according to an analysis of luxury real estate trends from Redfin, the technology-powered real estate brokerage. The … [More]

Economy & Trends  |    |  

U.S. Inflation Accelerates, Consumer Prices Up 8.6% over Last 12 Months

U.S. Bureau of Labor Statistics

The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.0 percent in May on a seasonally adjusted basis after rising 0.3 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.6 percent before seasonal adjustment. The increase was broad-based, with the indexes for shelter, gasoline, and … [More]

Government & Compliance  |    |  

Phoenix Public Transit Receives Grant to Study New West Valley Transit Mode

inbusinessPHX.com

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ The Federal Transit Administration announced the awards for the American Rescue Plan Route Planning Restoration Program grants in June, and Phoenix Public Transit was awarded a grant total of $514,045. This funding will be used to conduct a west Phoenix High Capacity Transit (HCT) study.  The study … [More]

Economy & Trends  |    |  

Second-Home Rental, Home Prices Skyrocketed in Phoenix during the Pandemic

Redfin

As remote work prompted many Americans to relocate during the pandemic, housing costs soared in second-home hotspots even more than the rest of the country, according to a new report from Redfin, the technology-powered real estate brokerage. Average rental prices rose 17.1% year over year nationwide to $1,893 in popular second-home markets in April. That’s compared with a 10% … [More]

Live & Learn  |    |  

U.S. Space Force Selects Arizona State University for Partnership

inbusinessPHX.com

The U.S. Space Force and Arizona State University signed an agreement here Tuesday making ASU the newest member of the service’s University Partnership Program. USSF Chief Technology and Innovation Officer Dr. Lisa Costa joined ASU President Michael M. Crow on the Tempe campus to finalize the agreement and to learn more about ASU space initiatives and capabilities. Home … [More]

Economy & Trends  |    |  

US Home Price Gains Continue to Soar in April as Rising Mortgage Rates Drive Buyer Urgency

CoreLogic

CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for April 2022. Nationwide, home prices posted another record-high year-over-year increase in April, marking the 123rd straight month of gains. Rising mortgage rates drove buyer urgency and the resulting … [More]

Government & Compliance  |    |  

City of Phoenix Streamlines Permitting & Planning, Development Processes

inbusinessPHX.com

The City of Phoenix Planning & Development Department (PDD) launched an innovative, easy-to-use system to better serve customers with projects that require a building permit. SHAPE PHX is the new Land Management Information System that replaces the Department's primary business applications including the Electronic Plan Review (EPR) system and PDD Online. “Phoenix is … [More]

Government & Compliance  |    |  

Tempe to Negotiate Hockey Proposal

inbusinessPHX.com

The City of Tempe will negotiate with proposers of a professional sports entertainment development on city land, a process that is expected to take several months. If negotiations are successful, a development agreement will be drafted, and there will be a robust process of public input at public meetings prior to a City Council vote. The City Council voted tonight to … [More]

Achievements  |    |  

Arizona Wins Prestigious Award for High Job Quality, Intel Wins ‘Manufacturing Project of the Year’

inbusinessPHX.com

Arizona was awarded a prestigious “Gold Shovel” award from Area Development Magazine, the state’s second consecutive year taking gold for the 5-8 million population category. The Shovel Awards recognize states that “garnered large job-creating and investment projects through innovative policies, infrastructure improvements, and other processes” in 2021. In addition, Area … [More]

Economy & Trends  |    |  

Over Half of Small Businesses Have Unfilled Job Openings, Says Report

NFIB

According to NFIB’s monthly jobs report, the labor shortage continues to be a challenge for small businesses with 51% (seasonally adjusted) of owners reporting job openings they could not fill in the current period, up four points from April and matching the 48-year record high set in September. Twenty-three percent of owners reported labor quality was their top business … [More]

Government & Compliance  |    |  

City of Phoenix Declares Stage 1 Water Alert and Activates Drought Management Plan

City of Phoenix

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ Due to the shortage of water on the Colorado River caused by overallocation, prolonged drought, and climate change, the City of Phoenix has declared a Stage 1 Water Alert and activated its Drought Management Plan. City of Phoenix Water Services Department Director Troy Hayes made the announcement during a … [More]

Commercial Real Estate & Development  |    |  

Fairmont Hotels & Resorts Adds Luxury Hotel and Residences in Downtown Phoenix

inbusinessPHX.com

Fairmont Hotels & Resorts, part of world leading hospitality group Accor, together with Thunderbird Legacy Development, announced the signing of definitive agreements for the development and management of a new Fairmont Hotel and Residences in downtown Phoenix. Scheduled to open in early 2025, Fairmont Phoenix will offer a luxury hotel and residential experience unlike … [More]

Government & Compliance  |    |  

SBA Applications Open for Its 2022 Executive Business Training Program

U.S. Small Business Administration

The U.S. Small Business Administration Administrator Isabella Casillas Guzman announced the launch of the 2022 T.H.R.I.V.E. Emerging Leaders Reimagined. This initiative is formerly known as Emerging Leaders. `T.H.R.I.V.E. Emerging Leaders Reimagined continues the rich history of executive-level training for small businesses poised for growth. “Our small business leaders and … [More]

Economy & Trends  |    |  

Phoenix Metro Sees 3.8% Employment Growth Since Last Year

inbusinessPHX.com

At the national level, many key employment indicators in the U.S. look similar to before the COVID-19 pandemic, and robust employment growth plays a part in that. But the impact the coronavirus had on employment can’t be overstated. Data from the U.S. Bureau of Labor Statistics shows that job losses in the spring of 2020 were comparable to those of the Great Depression. The … [More]

Economy & Trends  |    |  

Gas Prices, Inflation Impacting Summer Travel Decisions More Than COVID, Says Survey

inbusinessPHX.com

More than two years into the pandemic, Americans report that gas prices and inflation will impact their summer travel decisions more than concerns about COVID-19, according to a new survey conducted by Morning Consult and commissioned by the American Hotel & Lodging Association. Memorial Day weekend marks the start of summer travel season, a traditionally busy time for … [More]

Economy & Trends  |    |  

Newly Released Shelter Numbers Paint Fuller Picture of Homelessness

inbusinessPHX.com

A newly released homelessness report that adds in the number of people staying in shelters during a recent Point in Time Count shows more than 9,000 people experiencing homelessness on the night of January 24, 2022. In March, the Maricopa Association of Governments reported that those living in unsheltered situations climbed by 35 percent since 2020. The new numbers of … [More]

Economy & Trends  |    |  

A Third of SKUs Increased in Price in April 2022, 10x Price Increases in April 2021

inbusinessPHX.com

DataWeave, a global leader in retail data, pricing and AI analytics, today released its report Optimizing Online Beauty Sales in a Changing Business Environment . In an analysis of some 200,000 SKUs, the research examines how brands and retailers are adjusting their pricing in an inflationary environment as they work to stay engaged with an increasingly price-sensitive … [More]

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