ASU’s Arizona Business Conditions Index
Even though all of the components of the index fell in August, the numbers show that growth is continuing, but at a slower pace. Overall, the Arizona economy continues to do well in spite of a housing market that has cooled locally and a national economy that is experiencing lackluster job growth.
{ 2 comments… read them below or add one }
Ken44 09.04.07 at 10:37 pm
Given the massive inventory it would seem only a strong economy and continued population growth rate can keep the housing market from a complete collapse.
John L. Wake - Realtor 09.05.07 at 7:00 am
Yes, a continued strong economy will lead to a “soft landing.”
A recession in the next 2 years would lead to a decidedly hard landing for Arizona real estate.
Today it looks like we’re okay for the next 12 months. Let’s hope the following year is good too. Lower gasoline prices could sure boost the economy.