Victor’s Insider Scoop on The Economy …
August 1st, 2010 | top of page
No long blog this month. Just a few predictions and some insightful charts to show where we’ve been and where we’re headed.
According to Elliott Pollack 2010 will be better than 2009 and 2011 will be better than 2010. Elliott predicts that recovery in Phoenix will be painfully slow taking until 2012 or 2013 until AZ is growing rapidly again. In summary, for greater Phoenix:
The good news is the national economy is recovering but the bad news is the recovery is very slow.
The good news is that housing is at or past the bottom but the bad news is that there are still many negatives with no quick fix in sight.
The good news for commercial real estate is that it is at or past the bottom but the bad news is that recovery will be slow and take a long time The good news for State government is that sales tax revenues are no longer falling but the bad news is the revenue growth is too slow to fix the problem soon.
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PS – If you are ready to begin to thrive again by getting off the sidelines and putting your money to work give me a call at 602-320-6200. I see lots of deals and may have just what you are looking for.