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Small business optimism remains near record high

Posted by   /  March 15, 2017  /  Economy  /  No Comments

By AZ Business Magazine Small businesses are excited about a new healthcare law, tax reform and regulatory relief from Washington. According to the February Small Business Optimism Index, small business optimism is at its highest readings in 43 years, despite a .6 point dip to 105.3. The National Federation of Independent Business released its monthly […]

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What Arizona business leaders see as top challenges

Posted by   /  March 15, 2017  /  Economy  /  No Comments

By AZ Business Magazine The education system and quality and availability of workforce are still top concerns for local business leaders, according to Alliance Bank of Arizona’s 2017 Arizona Leaders in Business Survey. In a broadly positive set of findings about the state’s business climate, respondents also named healthcare costs as a top business challenge, […]

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Shopping malls are tracking your every move

Posted by   /  March 15, 2017  /  Economy  /  No Comments

Mall owners are eager to remain relevant in the era of Internet shopping By Esther Fung | The Wall Street Journa; Add another category to the growing list of companies monitoring their customers: shopping-mall landlords. As more shoppers tote smartphones while browsing in stores, shopping-center owners are tracking their movements and spending habits to try […]

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10-year foreclosure crisis recap

Posted by   /  March 15, 2017  /  Economy, Real Estate  /  No Comments

Arizona had 7th highest peak foreclosure rate By Jann Swanson | Mortgage News Daily As anniversaries go, it’s not much of one to celebrate, but this year the foreclosure crisis marks its tenth year. Since Mid-2007, more than 7.8 million homes have been foreclosed according to a new retrospective, published by CoreLogic, on the ten-year […]

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Homeowners find an equity bright spot

Posted by   /  March 13, 2017  /  Economy, Real Estate  /  No Comments

9.8 percent of Arizona homes in negative equity REALTORMag One million U.S. borrowers regained equity in 2016, according to CoreLogic’s newly released housing report. Further, about 63 percent of all homeowners saw their equity increase last year. Now, 93.8 percent of all mortgaged properties—or about 48 million homes—are in positive equity territory, according to the […]

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It’s taking longer to build houses in Arizona as hires lag

Posted by   /  March 13, 2017  /  Economy, Real Estate  /  No Comments

While construction jobs are on the rise across the United States, Arizona isn’t experiencing the same type of increase and that’s having an effect on the time it takes to build houses in the state. Arizona employed more than 240,000 construction workers at the peak of the housing boom in 2006. Today, there are about […]

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PhoenixMart important as America’s only global marketplace, reports ‘Boss Magazine’

Posted by   /  March 13, 2017  /  Economy, Real Estate  /  No Comments

The global product marketplace on the scale of PhoenixMart are well known in China and Dubai; however, PhoenixMart will be the first of its kind in North America.The global product marketplace on the scale of PhoenixMart are well known in China and Dubai; however, PhoenixMart will be the first of its kind in North America. […]

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Pollack: Arizona unemployment higher than nation

Posted by   /  March 13, 2017  /  Economy, Real Estate  /  No Comments

ELLIOTT D. POLLACK & Company FOR IMMEDIATE RELEASE March 13th, 2017 The Monday Morning Quarterback A quick analysis of important economic data released over the last week Last week continued the trend of good economic news. The unemployment rate continued to dip and employment continued to grow with signs of continued strong demand for labor. […]

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Strong February jobs report led by construction boom

Posted by   /  March 11, 2017  /  Economy  /  No Comments

Federal Reserve even more likely to raise rates this month By Kelsey Ramírez | HousingWire February saw a strong increase in jobs, led by a gain in construction jobs, according to the latest report from the Bureau of Labor Statistics. Total nonfarm payroll employment increased by 235,000 in February, while the unemployment rate remained unchanged […]

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Arizona expected to create fewer jobs over next two years

Posted by   /  March 10, 2017  /  Economy  /  No Comments

By Howard Fischer |Capitol Media Services via Arizona Daily Star Arizona’s employment is expected to grow slower in the next two years than it has in the past two. New figures Thursday from the state Office of Economic Opportunity project Arizona will add 138,553 jobs between the second quarter of last year and the second […]

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