We read so many headlines about the macro/national economy that capture our attention, and while those statistics are important, it is really the local economic news that should concern us most. So, hopefully it will come as no surprise that as the State of Arizona’s tax revenues are starting a return to normalcy so too are the housing numbers.
After a long, long time it is very encouraging to see so many positive signs in the local economy. Job growth is up, State tax revenues are up, housing starts are up, housing sales have been booming and fewer homes are trading hands in distress (i.e. foreclosures or short sales). Many have stated that it will be a long, slow recovery and indeed it is and has been, but the key is that Arizona is digging its way out of the crash and returning to “normalcy”…I never thought normal could sound so good!
Check out the article below: