Unemployment and the Phoenix Real Estate Market
In a very insightful update published by the Arizona Department of Commerce(Arizona’s Workforce – Updated Forecast), there appears to be forecast an improvement in latter 2010 in regards to employment. This publication shows that the reductions in employment should diminish altogether and by the end of 2010 we may see some growth.
Factors driving this projected growth are:
- An increased stabilization of the economy nationwide
- Increased Federal government economic stimulus spending
- Stable prices for many goods are expected to motive some increased level of purchasing
- Increased spending by consumers
The Phoenix Real estate market continues to be at a low, but expectations are that by the end of 2010 we will see slight increases. I’m not an economist, but hopefully that will see a return in jobs regarding construction, title companies, and even realtors.
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