Overall U.S. Mortgage Delinquency Rate Drops to All-Time Low in March, Says Report
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for March 2023. For the month of March, 2.6% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 0.3 percentage point […]
Small Business Jobs Growth Holds Steady in May
The rate of small business job growth was unchanged from April for the month of May, according to the latest Paychex | IHS Markit Small Business Employment Watch. The national Small Business Jobs Index — which measures the rate of small business job growth in the U.S. — stands at 99.45, a 0.04% decrease from […]
Out-of-Town Moves Have Fallen 6% from a Year Ago, Phoenix Tops the List of Cities to Move Into
The number of Redfin.com users looking to move to a different part of the country is down 6% from a year earlier, the biggest drop on record, as the overall U.S. housing market remains cool in the face of high mortgage rates and economic uncertainty. This is according to a new report from Redfin, the […]
Phoenix’s Office Market Slows
As high inflation and rising interest rates have begun to influence the real estate market in increasingly impactful ways, Phoenix’s office market has shown a constant slowdown since the beginning of 2023, CommercialEdge data shows. Despite the 2.0 percent growth in office-using jobs on a year-over-year basis as of February, the metro closed the year’s […]
Waymo and Uber Partner to Bring Waymo’s Autonomous Driving Technology to the Uber Platform
Waymo and Uber are excited to announce a new, multi-year strategic partnership to make the Waymo Driver available to more people via the Uber platform starting in Phoenix. Since both companies were founded in 2009, Waymo and Uber have in their own ways each revolutionized access to mobility. Now, we’re partnering to bring together Waymo’s […]
Arizona, California, and Nevada Governors Announce Lower Basin Plan to Protect Colorado River
Arizona Governor Katie Hobbs, California Governor Gavin Newsom, and Nevada Governor Joe Lombardo announced that the Colorado River Lower Basin States have developed a plan to conserve 3 million acre-feet over the next three years to protect the Colorado River system. “The Lower Basin Plan is the product of months of tireless work by our […]
VC Partners with Flinn Foundation to Fuel Growth in Arizona Bioscience and Healthcare Sectors
Xcellerant Ventures welcomes the Flinn Foundation as a limited partner in its Xcellerant Venture Capital Fund I. Xcellerant Ventures is a venture capital firm investing in early and seed stage startups within the HealthTech and MedTech sectors. Xcellerant seeks to invest in dynamic founding teams with strong intellectual property portfolios that XVC believes will transform […]
University of Idaho to Create Not-for-Profit to Acquire University of Phoenix
The Idaho State Board of Education sitting as the Board of Regents of the University of Idaho granted approval for the creation of a not-for-profit entity that will acquire the operations of the University of Phoenix. This represents a historic opportunity to improve student access to higher education, a monumental broadening of U of I’s […]
New Arizona Mega Resort Debuts Unprecedented Live Music Venue
VAI Resort unveils the latest addition to its upcoming $1 billion destination resort in Arizona: the VAI Amphitheater. Scheduled to open in 2024, this world-class venue is designed with music and live entertainment at its core, embodying the resort’s mission to become a top destination for music lovers and performing artists. With a $40 million […]
Voters Decline to Move Tempe Entertainment District Forward
An Arizona Coyotes hockey arena, hotels, apartments, restaurants and retail will not move forward at Priest Drive and Rio Salado Parkway now that residents have voted to decline the Tempe Entertainment District. Tempe voters have spoken and we respect their voices. The Tempe City Council’s unanimous vote in November 2022 to move the Tempe Entertainment […]