phoenix area Archives

Soaring Phoenix Area Home Prices Finally Slow Down

Home Prices

Phoenix-area home prices, which had been sharply and steadily rising since last September, finally went down a little this summer. A new report from the W. P. Carey School of Business at Arizona State University reveals the numbers for Maricopa and Pinal counties, as of July: The median single-family home price dropped slightly between June… Read More →

Phoenix-Area Home Prices Continue To Soar

home prices

Phoenix-area home prices have been zooming up for months, and the streak continued in May. However, a new report from the W. P. Carey School of Business at Arizona State University takes a closer look at the short supply of available houses, an increase in foreclosures, and a possible leveling off of skyrocketing home prices… Read More →

Short Supply, Rising Prices In The Phoenix Area Housing Market

Phoenix-Area Housing Market

Are we actually seeing the start of a housing shortage in the Phoenix area? A new report from the W. P. Carey School of Business at Arizona State University reveals some surprising information for Maricopa and Pinal counties, as of February: Housing supply was down a huge 42 percent from the year before. Foreclosures were… Read More →

Cactus League Baseball Is Back In Arizona

Cactus League - Spring Training is Back
by in Around Arizona | Blogs | Events

February in Arizona means two things – gorgeous weather and spring training baseball. What initially began as minor league exhibition game in the early 1900’s has evolved into Major League Baseball’s conglomerate of Spring Training stadiums within the Phoenix area.  A long-­standing tradition for the Grand Canyon State, MLB’s Spring Training begins again later this month as the Cactus League kicks off… Read More →

Median Price Not Full Story For Phoenix Market

The median price for resale homes in the Phoenix area has been edging up for several months. Does this signal that the market is approaching normalcy? Jay Butler, associate professor of real estate and author of the Realty Studies report from the W. P. Carey School of Business, talks about the factors affecting median price,… Read More →

Nation’s Unemployment Rate Holds Steady

unemployment rate was unchanged at 9.6 percent after the economy lost 54,000 jobs in August
by in Economy

The nation’s unemployment rate was unchanged at 9.6 percent after the economy lost 54,000 jobs in August. The U.S. Bureau of Labor Statistics (BLS) reported today that government employment fell as a result of shedding 114,000 temporary workers hired for the Census. Private-sector payroll employment rose by 67,000. “The August jobs report, albeit tepid, does… Read More →

Local First Arizona Champions Buying Locally

Local First Arizona Champions Buying Locally - AZ Business Magazine June 2010

Today, people generally recognize the importance of shopping locally and supporting our region’s independently owned and operated businesses. But that wasn’t always the case. As recently as seven years ago, the concept was nearly unheard of in Arizona. But in 2003, Kimber Lanning, of the independently owned and operated Stinkweeds music store, started Local First… Read More →

GPEC Profile: Craig Robb, Executive Vice President And Director Of Finance And Administration, National Bank Of Arizona

Craig Robb Executive vice president and director of finance and administration, National Bank of Arizona With a 17-year career in land development prior to joining National Bank of Arizona seven years ago, Craig Robb was a natural to become an active member of the Greater Phoenix Economic Council. Robb, executive vice president and director of… Read More →

The Valley’s Health Care Industry Held Its Own During The Recession And Looks Toward Expansion In The Recovery

In an economic downturn that has plunged Arizona into its worst financial crisis in decades, one sector of the state’s economy that remains vibrant and growing is the health care industry. Consider recent developments driven primarily by population growth: the Creighton University partnership with St. Joseph’s Hospital and Medical Center; the newly opened Cardon Children’s… Read More →

The Economic Recovery Begins In 2009, But It Will Be Slow Going

money in vice

The national and state economies are expected to start feeling the effects of a recovery during the last quarter of 2009. However, the recovery over the next year will be slow, with unemployment continuing to rise and economic growth anemic at best. Meanwhile, the state’s expenditures are rising, even as revenue continues to fall, setting… Read More →

A Quarter Century Of Wisdom Points To The Right Solution

Arizona State Seal

In 1982, I was beginning my first term in Arizona’s House of Representatives. After years of spending increases, our state was suffering an economic slowdown. Recovery was just around the corner. In 1984, Ronald Reagan was elected to his second term as president of the United States, the federal government announced that it would build… Read More →

As The Valley And State’s Hospitality Industry Has Grown So Has Its Contribution To The Economy

As The Valley And State’s Hospitality Industry Has Grown So Has Its Contribution To The Economy

Tourism is a vibrant and diverse industry, and I have been fortunate to be part of it for the past 25 years. This exciting industry encompasses culture, history, natural wonders, state parks, sports, resorts, spas, restaurants and shopping. And it’s supported by a variety of other industries such as laundry services, food services and transportation… Read More →

Higher Energy Costs Are Forcing Valley Companies To Look For Alternatives

Energy Costs - AZ Business Magazine September 2008
by in AZ Business Magazine | Economy | Green | Tech

From the neighborhood car wash to a corporate behemoth such as US Airways, rising energy costs are forcing Valley businesses to search for alternatives to relieve the pressure on their bottom lines. On a warm weekend morning in the Phoenix area, a bored but concerned car wash attendant asks the only motorist who pulls up… Read More →