Arizonas economy remains on positive track, outpacing national growth. The Business Journal of Phoenix reports that increased production is helping Arizona maintain a stronger growth level than the national economy, despite the deflated housing market. According to the latest 'Arizona Business Conditions Index' released yesterday by ASU, the overall index rose to 60.1 in April, up from 56.2 in March. Any reading over 50 indicates that the local economy is growing, while a reading below 50 suggests a slowdown.
The question is not when & if Arizonas Real Estate market will recover, but instead how soon.
All Real Estate markets thrive on local conditions such as net immigration, job creation and the overall health of the business community.
http://phoenix.bizjournals.com/phoenix/stories/2007/04/30/daily18.html?t=printable
Thursday, May 03, 2007
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