For the second month in a row, the hard-hit Phoenix-area housing market saw a drop in the foreclosure rate. A new report from the W. P. Carey School of Business at Arizona State University shows what might be the beginning of a welcome trend. However, the author of the new report says not to celebrate yet.
We're finally seeing some signs of growth in Arizona, but don't expect a big bounce in our economy until 2013. That's the bottom line, according to economists from the W. P. Carey School of Business, who offered new midyear forecasts for the state and nation today. They spoke in front of business leaders and others at the popular annual Economic Outlook Luncheon sponsored by the Economic Club of Phoenix.
While many people have been watching the housing-market crisis in the Phoenix area, fewer have paid attention to the commercial real estate situation. Industrial and office space, storefronts and apartment buildings are among the types of properties also affected by the recent real estate plunge. However, a new report from the W. P. Carey School of Business at Arizona State University shows, even though the housing market is still struggling, the commercial market may be starting on a rebound.
For the second year in a row, a record number of students are graduating from the W. P. Carey School of Business at Arizona State University in the spring. More than 2,200 students are eligible to receive degrees this month, and many will take the stage to receive their diplomas on May 12 and 13.
Small businesses can play a key role in helping our economy to get back on track, creating new jobs and contributing to our community. The W. P. Carey School of Business and Salt River Project (SRP) will soon be holding their fourth annual Small Business Leadership Academy, dedicated to educating leaders of small and diverse local businesses about how to grow and make the most of their companies.
A little bit of good news is coming to the Phoenix-area housing market. Foreclosures accounted for just under 38 percent of the existing-home transactions in the area in March. A new report from the W. P. Carey School of Business at Arizona State University reveals the improvement over the 43 percent seen in the first two months of 2011.
In these times of extraordinary growth in developing countries, copper is a focal point -- in high demand to help build basic infrastructure. This year, the head of the world's largest publicly owned copper producer will be honored as Executive of the Year by a national group of prominent executives who advise the W. P. Carey School of Business at Arizona State University.
When it comes to the fast-paced, ever-changing world of business, the W. P. Carey School of Business at Arizona State University ranks high in providing research that makes a real difference. For the third year in a row, the school ranks among the Top 25 globally for business research productivity.
Could iPads replace all textbooks and course packets in the future? According to those involved in early trials of the tablets at the W. P. Carey School of Business at Arizona State University, we're not there yet.
Local businesses play a key role in creating new jobs for our communities and helping us rebound from the recession. Now, you can help nominate some of the best businesses in the state for a high honor. The application process is officially open for the 2011 Spirit of Enterprise Awards from the W. P. Carey School of Business at Arizona State University.