Tuesday, October 23, 2007

Phoenix Job Market Remains Strong

Another reason that I continue telling my clients and acquaintances that over the long-term, the metro Phoenix real estate market will right itself and go back to chugging along at healthy, sustainable rates: our job market remains strong. Phoenix creates a busload of jobs every year, 96,000 in 2006 if I recall correctly. And see this story about actual growth in the office condo market. I've been told by commercial brokers I trust that the residential market usually follows the commercial market. We're in some tough sledding this year in residential resale, but long term we'll be OK.