Tobias Team at Fairway Independent Mortgage Corporation

(480) 626-2202
2325 E. Camelback Road #100
Phoenix, AZ 85016
Arizona's #1 FHA Lender (2014)
NMLS #221602 | FIMC NMLS #2289

Mar 30 2012

Good News For Phoenix Economy and Housing

Good news for Phoenix came from a report from the Metropolitan Policy Program at Brookings.

Below are keys points from the study reported by the Phoenix Business Journal.

• For the fourth quarter of 2011, Phoenix’s economy ranked as one of the best in the West as well as in the Top 20 of all metro areas in the study, according to the report.
• Phoenix was one of five cities in the West that closed out 2011 with four consecutive months of job growth, albeit the growth slowed toward the end of the year.
• Manufacturing also ticked up in Phoenix, as the region landed in the Top 40 in terms of production, and was gathering steam toward the end of the year, according to the report. Output, however, was weak, with growth of only 0.3 percent in Phoenix during the last quarter of 2011.
• The report also highlights that Western cities such as Phoenix, Denver and Las Vegas all saw declines in their unemployment rates in 2011.

For the full report go to the following link:

Courtesy of Fletcher Wilcox, Grand Canyon Title

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