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Search resuls for: "Phoenix's"


4 mentions found


☆ Big corporate home-flippers bad bet on hot pandemic housing markets could spell relief for fatigued home shoppers
  + stars: | 2022-11-15 | by ( Alcynna Lloyd | ) www.businessinsider.com   time to read: +4 min
Big home-flipping companies like Opendoor and Redfin are struggling as the housing market cools. Opendoor is slashing prices on homes, while Redfin shut down its home-flipping business. In a move to offload some of the homes in its inventory, Opendoor has slashed prices and offered bonuses to buyers' agents. iBuyer home flipping is flopping in PhoenixWith the housing downturn intensifying, more companies could soon follow in their footsteps — that could mean steeper price cuts for fatigued homebuyers. "So, if iBuyers are moving faster in regards to doing price cuts, there's this spiral effect where they will typically lead and other people will anchor to what those price cuts are."
☆ Waymo starts full-fledged robotaxi services in Phoenix
  + stars: | 2022-11-10 | by ( ) www.reuters.com   time to read: +1 min
Nov 10 (Reuters) - Alphabet Inc's (GOOGL.O) Waymo said it was opening up its autonomous ride-hailing service for customers in Phoenix, Arizona on Thursday, pushing ahead with the deployment of robotaxi services in the United States. Investors have been worried about the timeline for autonomous vehicle deployment, as it has been stretched by tough regulatory scrutiny, and delayed commercial adoption of the technology. The autonomous vehicle technology company looks to deploy its Waymo One robotaxi services in Los Angeles and San Francisco in the near future. Customers with the Waymo app can hail a ride within Phoenix's downtown area, the company said on Thursday, after months of test runs. Prior to launching full-fledged services in Phoenix, Waymo operated trips round the clock in Phoenix's East Valley region and provided trips to and from the city's Sky Harbor airport.
☆ Has the Phoenix Valley real estate market hit its pandemic ceiling? 7 industry experts debate if Phoenix's lofty home valuations are justified — or if there's a housing correction on the horizon for t
  + stars: | 2022-07-07 | by ( Lisa Kailai Han | ) www.businessinsider.com   time to read: +15 min
Besides an overwhelming investor appetite, the surge in the Sunbelt's real estate prices can also be attributed to an influx of enthusiastic remote workers with deep pockets. "The Phoenix market was largely a COVID-19 pandemic market until about last summer," independent real estate market analyst John Wake told Insider, explaining that it was mainly owner-occupants driving the market. "In 2007, before the great recession, over 50% of our workforce was in real estate, construction, retail, and hospitality. Besides its investments into the biosciences and healthcare industry, Phoenix also has a stake in another global sector — semiconductor chip manufacturing. Eventually, Rounds forecasts a price correction of at least 25% for the Phoenix housing market.
☆ Insider Life: Digital nomad invasion — 'Free' Botox — Tiffany revival
  + stars: | 2021-07-16 | by ( Jordan Parker Erb | ) www.businessinsider.com   time to read: +4 min
As "digital nomads" flock to far-flung destinations to set up shop, they're leaving a negative impact in their wake. Set JetAn aviation firm is giving travelers a taste of the high life by offering private-jet flights for as low as $450. For the first time in a decade, the Las Vegas Strip has a new casino — and this one is a $4.3 billion crypto-friendly resort. Resorts World Las Vegas, which opened June 24, has tech-forward amenities like "cashless wagering," and a tunnel that connects it to the Las Vegas Convention Center via Teslas. This summer, well-off travelers are turning to nature — and everything from luxury campsites to Gucci are jumping on the trend.
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