Comments on: Phoenix Real Estate Market: Not So Good. But be Glad You’re Not In South Florida

By: Dru Bloomfield

Dru Bloomfield — Sun, 28 Oct 2007 19:51:18 +0000

Jay,

I saw this WSJ article and was very surprised with the Phoenix employment outlook. I’d just finished reviewing Pollack’s latest numbers, and while we’ve dropped from #1 in the nation for job growth in 2005-6, we are sitting at #4 for 2007 year to dayte, which to me seems above average.

By: Jay - The Phoenix Re

Jay - The Phoenix Re — Sun, 28 Oct 2007 13:02:09 +0000

Dru – Ditto. Phoenix's unemployment rate has been best in class for quite some time. I suspect forecasts for construction related employment are starting to show declines, but other elements of the job market are strong.

I went to Moody's where the WSJ got these outlooks, but $200 for their Phoenix Metro area employment report seemed a little steep…

By: Late Night Austin Re

Late Night Austin Re — Sat, 27 Oct 2007 08:43:47 +0000

57 months. The last time the real estate market went south did any areas have that much inventory? That just seems insane.

By: Dining Room Set

Dining Room Set — Sat, 27 Oct 2007 07:35:27 +0000

Good that you are in the right place after all! I hope that Anonymous is reading this!

By: Maureen Francis

Maureen Francis — Fri, 26 Oct 2007 19:02:49 +0000

Look! I am in the only market that got a "very weak." I feel special.

By: Barry Cox

Barry Cox — Fri, 26 Oct 2007 04:49:03 +0000

Ouch that hurts. On a positive note, I saw on the local news tonight that new home sales were up over 4% over last month. A step in the right direction

By: Furniture Store

Furniture Store — Fri, 26 Oct 2007 03:03:09 +0000

That is a very low rate of sales or a very high rate of construction. Such a situation is bound to bring down prices further.