Excerpt from Bizjournal----Positive News about the Phoenix Market

They rated Phoenix at the 5th metropolitan area in terms of recovery from the recession. Some stats appear below.

Bottom line
Phoenix's raw numbers are breathtaking. Arizona's capital region has added 681,000 residents and 285,300 jobs in just five years. That's the statistical equivalent of creating the Knoxville, Tenn., market from scratch in half a decade. A recent slowdown in hiring is the only cause for concern.

Quick stats
Growth score: 27.50 points
Population: 4,179,427 (13 of 100)
Private sector employment: 1,668,800 (13 of 100)
Per capita income: $34,215 (67 of 100)
Gross metropolitan product: $179.49 billion (15 of 100)5-year growth rates
Population: 19.49% (4 of 100)
Private sector employment: 20.62% (6 of 100)
Per capita income: 19.37% (52 of 100)
Gross metropolitan product: 43.25% (13 of 100)

This is very positive news! Now is the time to be aggressive in looking for well located assets.