Market Intel

Economy

Why the Pandemic Won’t Derail Growth in Phoenix

Phoenix is still early in its growth cycle, and most commercial real estate players had believed the market had a long runway because it was late to recover from the last recession. However, Thomas Brophy of Colliers International, says that the job diversity gained in recent years will keep the

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Economy

Phoenix leads nation in home price increase

U.S. home prices jumped 10.9 percent in March compared with a year ago, the most since April 2006. A growing number of buyers are bidding on a tight supply of homes, driving prices higher and helping the housing market recover. The Standard & Poor’s/Case-Shiller home price index released Tuesday also

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Economy

Here’s how strong the Phoenix housing market looks

A fifth straight month of shrinking inventory year-over-year triggered several November records in the 11-year history of the RE/MAX National Housing Report: fewest Days on Market at 49, fewest Months Supply of Inventory at 3.3, and the highest Median Sales Price at $257,000. But what does that mean for the

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Economy

Arizona ranked No. 1 inbound state in the nation

A recent American Enterprise Institute (AEI) comparison ranked Arizona the number one inbound state in the nation. The inbound-outbound ranking is determined by the percentage of people moving to the state versus those leaving in 2018 based on Census Bureau data. The comparison also reviewed indicators related to tax and

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Economy

Mesa thrives in the center of the commercial real estate boom

The Mesa community is comprised of several master-planned communities including Taylor Morrison, Shea Homes, Marcay Homes, Meritage Homes, Pulte Homes, Woodside Homes, and ranked once again at No.7 in the nation and No.1  in Arizona is Eastmark by RCLCO, Top-Selling Master-Planned Communities. This development is one of the largest residential

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Economy

Phoenix becomes a hot spot for attracting million-dollar businesses

The Phoenix area continues to rise as one of the top cities in the country to attract million-dollar businesses. In its annual major-city-by-major-city list of the country’s best places to bring in million-dollar companies, Lending Tree stuck Phoenix right in the middle of its roundup at 25 out of 50.

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Economy

Phoenix among US cities adding the most million-dollar businesses

Phoenix is seeing its share of million-dollar companies grow, according to a recent report from LendingTree. From 2014 to 2016, the Valley saw its percentage of companies with revenue of at least $1 million climb 6.2%. That represents the addition of 1,211 businesses with revenue in seven figures, according to

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Economy

Metro Phoenix apartment industry contributes $53.8B to economy

A new Hoyt Advisory Services Study commissioned by the National Apartment Association (NAA) and National Multifamily Housing Council (NMHC) reveals that the apartment industry and its residents annually contribute $53.8 billion to Phoenix’s economy, $73.2 billion to Arizona’s and more than $3.4 trillion – or $9.3 billion daily – to

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Economy

The hottest places for millennials to live in Phoenix in 2019

Thanks to factors including strong job growth and a booming tech sector, Phoenix is one of the best cities for millennials — and the Valley has plenty of great places for these young professionals to call home. To find the best neighborhoods and parts of town for millennials to live, we

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