Unique Annual Festival Creates $9M Direct Economic Impact for Chandler
The 2022 Annual Chandler Ostrich Festival, a signature event hosted by the Chandler Chamber of Commerce, pumped $9 million into the local economy over the course of its two-weekend run last year. Newly implemented RFID technology allowed the Chandler Chamber for the first time to document the behavior and spending patterns of vendors and visitors […]
Home Prices Fall Annually for First Time in a Decade as Mortgage Rates Pass 7%, Says Report
U.S. home-sale prices have fallen from a year earlier for the first time in more than a decade, according to a new report from Redfin, the technology-powered real estate brokerage. The milestone comes as 7% mortgage rates sideline buyers, and sellers are forced to lower their asking price to accommodate high rates. The typical U.S. […]
More Choices for Home Buyers as Inventory Recovery Continues at Breakneck Speed
In February, active inventory rose 68% above a year ago; Austin, Las Vegas and San Antonio are first markets to recover pandemic inventory shortages and surpass pre-pandemic levels The U.S. supply of homes for sale rose at a record annual pace for the sixth month in a row, up 67.8% year over year in February, […]
Partnership to Build the Valley’s Most Expensive Home to Ever Be Built at $75M
Arizona’s leading custom home builder, Cullum Homes, which has been building award winning homes since 1985 in the finest neighborhoods of Paradise Valley and Scottsdale is proud to partner with WOW Luxury Properties and present Arizona’s most expensive home to ever be built. Introducing the $75 million Palo Cristi Estate. Led by Rod and Kim […]
Tiger Woods’ PopStroke Glendale to Open Mar. 2
PopStroke Entertainment Group, a national leader in golf entertainment owned by Greg Bartoli, Tiger Woods’ TGR Ventures, and TaylorMade Golf Company, announced its PopStroke Glendale, Arizona location will open on Thursday, March 2 at noon. The address is 9480 W. Hanna Drive, Glendale, Arizona, in the Westgate Entertainment District. The Glendale location is the seventh […]
Apartments in Phoenix Metro are Getting Larger, Despite Rentals Shrinking All Over the U.S.
U.S. apartments shrunk in size the past decade, hitting a new low of 887 square feet, on average. According to the latest RentCafe report — in which we looked at changes in apartment size in the 100 largest U.S. cities — new units will keep getting smaller and smaller. Shrinkflation hasn’t reached rentals in Phoenix […]
More Than $700M in Event Impact March for the Busiest Cities of Phoenix, Jacksonville, Tulsa, Las Vegas and Tampa
The March 2023 Event Index reveals 18 cities that need to prepare for unusually busy weeks as sports, major concerts and the key holiday festivals events drive more than $700 million and millions of people into cities across America. Phoenix, Las Vegas, Jacksonville, Tampa and Tulsa will experience the most intense event activity clusters. The […]
Phoenix Achieves Zero Waste Goal for Downtown Super Bowl Events
The City of Phoenix Public Works Department reached its goal of diverting at least 92% of waste from Super Bowl events away from the landfill. After final sorting and weighing, the 2023 Super Bowl events hosted in downtown Phoenix surpassed a previous Super Bowl’s diversion rate of 91% to become the greenest Super Bowl […]
By the Numbers: How Super Bowl LVII Was a ‘Phenomenal Success’ for Downtown Phoenix
On February 12, 2023, Arizona hosted the Super Bowl for the fourth time. While the game was played at State Farm Stadium in Glendale, many of the official NFL-hosted Super Bowl events were held in the Greater Phoenix region including Downtown Phoenix. Official numbers from events, visitors, and transportation are now being reported. “The official […]
Sale Prices Flatten, Demand for Mortgages Falls as Mortgage Rates Climb, Says Report
The median U.S. home-sale price was $348,000 during the four weeks ending February 19, essentially unchanged (+0.1%) year over year, according to a new report from Redfin, the technology-powered real estate brokerage. That’s the first time since at least 2015, when the data for this report begins, the typical home isn’t selling for more than […]