Thursday, June 24, 2010

Phoenix economy slowly recovering

The Phoenix economy is slowly recovering, according to reports.

The Brookings' Mountain Monitor report, found recently the Valley's real estate-based economy is struggling to rebound. The Monitor identifies a number of economic success indicators and compares data for the region's major metropolitan areas.

There are many reasons for the slow recovery in employment, according to the Monitor. With the Valley's economy based largely on growth and real estate, there were few other major industries to support the region after the housing bust and the financial meltdown. Real-estate and construction jobs disappeared, followed by jobs at businesses that fed off the industry, the report said.

According to the U.S. Labor Department, Arizona had a 9.1 percent unemployment rate in 2009, up 6 percent the previous year.

About Kathleen Mazzocco

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Scottsdale, AZ, United States
Kathleen has worked with a variety of clients and employees from across and outside of the country, and this has given her a firm grasp of all the details that need to be considered when buying a home in Scottsdale, Anthem, or other areas of Phoenix, Arizona. Kathleen is a AZ Corporate Relocation Professional, and Buyer's Agent. She doesn't just help you find the home you want, she also insures that you're settling in well and that you have all the information you need in order to enjoy the highest-quality lifestyle Arizona has to offer. Begin your plan moving to Arizona with Kathleen today. It's a buyer's market right now, so there are great opportunities for you to land the home of your dreams for much less than you ever imagined possible. Acquiring property foreclosures, short sales, and bank owned homes are ways you can save in today's market. As Certified Distressed Professional she can negotiate the best possible price and terms for you. Please browse through Kathleen's website and let Kathleen Mazzocco help you come home to Arizona,search the newest home listings at www.KathleenInAZ.com.