Economists: Zero chance of Arizona recession

__________main 3333313233069_472359072957059_7539002811818572341_n100

 

 

 

 

 

 

“I don’t have to agree with you to like you or respect you.”

 

Why Phoenix?  This is a very interesting article, you should read it, amazing, there were only 350 K people living in Phoenix in 1950

http://walter-unger.com/why-phoenix-2/

 

Economists Zero chance of Arizona recession

BBVA Compass economists believe Arizona will post 2.5 percent growth in economic output. In this photo from early March, the last beam was placed on the University of Arizona’s new biosciences research building in downtown Phoenix.

March 31, 2016 1:30 pm  •  By Ronald J. Hansen The Arizona Republic

PHOENIX — The Valley of the Sun and Arizona continue to shine in a pair of new economic analyses that suggest solid near-term growth here amid broader tumult.

In one report, BBVA Compass economists estimated Arizona has a zero percent chance of falling into recession in the near term and is expected to post 2.5 percent growth in economic output. By contrast, the continued struggles in the oil industry mean Texas has an 87 percent recession risk and will see its gross domestic product shrink 0.3 percent, BBVA reported.

Separately, the JPMorgan Chase Institute found that consumer spending in metro Phoenix grew slightly faster in December than the average of the 15 major markets the organization has begun tracking regularly. The 3.1 percent spending growth over the past year was largely due to increases in restaurants and sales of nondurable goods, even as sales of durable goods such as appliances fell slightly, JPMorgan reported.

The reports are consistent with the state’s improved labor market and suggest that after years of relatively sluggish growth, Arizona is belatedly returning to better performance.

New data on wages from the U.S. Bureau of Labor Statistics showed that while the Phoenix area has made job gains in the past year, wages didn’t grow much.

The median annual wage in metro Phoenix as of May was $35,660, up 1.5 percent over 2014. The national annual median was about $36,200.

Compared to the 21 metro areas closest in population to Phoenix, other markets usually paid more and saw bigger annual gains. Phoenix ranked 17th in median wages and 18th for wage gains in 2015.

Still, Arizona was the only state that had no near-term chance of a recession in the BBVA report. Florida had a 0.1 percent chance and it was 0.7 percent for Georgia. Energy-dependent states like Texas, Louisiana and North Dakota are near-certainties for recessions these days, but most other states are seeing reasonable growth, BBVA found.

BBVA defined a recession as two consecutive quarters of declining employment.

“While the likelihood of a U.S. recession is the highest it has been since the 2009 downturn, based on a state-by-state assessment, the overall probability remains low,” BBVA economists wrote. “A majority of states stand to benefit from strengthening domestic conditions in certain sectors, such as real estate, and solid consumption of durable goods, particularly autos. In addition, non-energy transportation sectors, along with state and local governments, will benefit from substantial reductions in energy expenditures.”

The state recession risks are based largely on recent job reports, a factor that plays heavily in Arizona’s favor these days.

Last week, the state announced it had formally returned in December to the employment level it had at the outset of the Great Recession. Forty-one other states filled their job holes sooner than Arizona. That eight-year wait was long, but not unexpected for a state that lost a greater share of its workers than every state in the nation except Nevada.

In recent months, Arizona has seen job growth accelerate to 3 percent over the past year, a level that is closer to the state’s historical pattern and well ahead of national growth that has lingered near 2 percent. Maricopa County is also gaining population faster than nearly all counties in the U.S.

The state is doing less when measuring its GDP growth. Ten other states, including California, Nevada, Utah and Washington, are expected to do better than Arizona’s 2.5 percent.

The metro Phoenix spending data from JPMorgan was above average but not stellar. The area’s 3.1 percent growth ranked sixth among the 15 tracked by JPMorgan. Atlanta saw the fastest growth, 5.1 percent, and Houston had the slowest, 0.3 percent.

 

SEE IT ALL:

http://tucson.com/business/tucson/economists-zero-chance-of-arizona-recession/article_cc98c30d-0fe4-5b4a-9b1c-dc7a6166c275.html

 

FROM ME:

Are you ready to sell your Commercial Building in Phoenix  –  Maricopa County , please call me.

http://walter-unger.com/are-you-ready-to-sell-your-commercial-building-in-phoenix-maricopa-county-office-retail-industrial-multi-family-please-call-me/

2

I am actively looking to build relationships with Real Estate Investors and Owner Users  for  multi-family, office, retail, industrial and land in Phoenix- Scottsdale-Tucson-Arizona.

http://walter-unger.com/i-am-actively-looking-to-build-relationships-with-real-estate-investors-and-owner-users-for-multi-family-office-retail-industrial-and-land-in-phoenix-scottsdale-tucson-arizona/

3

Why Phoenix?  This is a very interesting article, you should read it, amazing, there were only 350 K people living in Phoenix in 1950

http://walter-unger.com/why-phoenix-2/

  •  

Phoenix Commercial Real Estate and Investment Real Estate: investors and Owner / Users need to really know the market today before making a move in Commercial Properties or Investment Properties in Phoenix / Tucson / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land in Phoenix / Tucson / Arizona.  Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties.

I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group.  I also sold  hundreds millions of dollars’ worth of  Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with  brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international.  Click here to find out what is a CCIM:  https://en.wikipedia.org/wiki/CCIM

 

 

Reasons to Consider me for Commercial Referrals – I have the Knowledge and Experience  

http://walter-unger.com/i-have-the-knowledge-and-experience-to-provide-the-best-service-to-your-clients/

    #

Click here to View My Listings and Profile

http://www.loopnet.com/profile/14101172900/Walter-Unger-CCIM/Listings/

#

Click here to find out what is a CCIM:

https://en.wikipedia.org/wiki/CCIM

#

Click here to view my website:

http://walter-unger.com/

#

Interactive Map Of All 10+ Unit Apartment Listings in Metro Phoenix

http://www.easymapmaker.com/map/28cb3b8b3206c377a6f282d980dc7974

#

Interactive  Metro Phoenix Map of New Apartment Construction by Completion Status

http://www.easymapmaker.com/map/955edc17e00b08ce270fb7afb1523cc2

#

Click her to join my mailing list :      

http://visitor.r20.constantcontact.com/manage/optin?v=001l2E62PqC4Z3sggwR_1M9aUmjrzvHWmSVEfy9MrVW6ULRJR3XWD1R_98ZLV5AVRdcHcxwR32LZvKqcYEkVDBKEwAuD87hIYmDX8GpVxXVwjc%3D

#

AZREIA Market Update | March 2016

https://azreia.memberize.net/clubportal/images/clubimages/2645/Market%20Update%20Files/2016/AZREIA%20201603%20Meeting.pdf

 

 

Walter Unger CCIM –  walterunger@ccim.net   – 1-520-975-5207  –  http://walter-unger.com

2016 Official Arizona Visitors Guide

Visit Arizona

Why Phoenix?  This is a very interesting article, you should read it, amazing, there were only 350 K people living in Phoenix in 1950

http://walter-unger.com/why-phoenix-2/

 

1

Timeline of Phoenix, Arizona history

 

http://en.wikipedia.org/wiki/Timeline_of_Phoenix,_Arizona_history

2

Phoenix, Arizona

 

http://en.wikipedia.org/wiki/Phoenix,_Arizona

 

3

Facts of Arizona – year 1848 to 2013

http://walter-unger.com/?p=9507

Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.

  •  

walterunger@ccim.net 1-520-975-5207

Check out my professional profile and connect with me on LinkedIn.

http://lnkd.in/bezpJ8t

Follow me on Facebook:

https://www.facebook.com/ungerccim

  •  

Follow me on Twitter:

https://twitter.com/Walterunger

Follow Me on Google+

https://plus.google.com/u/0/b/114560883588623379451/

 

  1. Interactive Map Of All 10+ Unit Apartment Listings in Metro Phoenix

http://www.easymapmaker.com/map/28cb3b8b3206c377a6f282d980dc7974

 

  1. Interactive  Metro Phoenix Map of New Apartment Construction by Completion Status

http://www.easymapmaker.com/map/955edc17e00b08ce270fb7afb1523cc2

 

 

Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages.  The interactive map  shows the location of each community (10+ units) and each location is color coded by the size (number of total units). 

Click here for Map of Apartments for Sale (10+units)

  •  

 

Walter Unger CCIM, CCSS, CCLS

I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years.  If you have any questions about Commercial / Investment Properties in Phoenix or Commercial /  Investment Properties in Arizona,  I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us. 

  •  

Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207

 

www.Walter-Unger.com

 

Walter Unger CCIM

Senior Associate Broker 

Kasten Long Commercial Group

2821 E. Camelback Rd. Suite 600

Phoenix , AZ 85016

Direct:    520-975-5207   

Fax:       602-865-7461

walterunger@ccim.net

www.Walter-Unger.com    

www.KLCommercialGroup.com

View My Listings and Profile

Join My Mailing List

What is a CCIM?

Reasons to Consider me for Commercial Referrals

 

  •  

Delivering the New Standard of Excellence in Commercial Real Estate 

  •  
  • Commercial Real Estate Scottsdale
  • Commercial Real Estate Phoenix
  • Commercial Real Estate Arizona
  • Commercial Investment Properties Phoenix
  • Commercial Investment Properties Scottsdale
  • Commercial Investment Properties Arizona
  • Land Specialist Arizona
  • Arizona Land Specialist
  • Land Specialist Phoenix
  • Phoenix Land Specialist
  • Land For Sale Phoenix
  • Land for sale Arizona
  • Commercial Properties For Sale Phoenix
  • Commercial Real Estate Sales Phoenix
  • Commercial Properties Phoenix
  • Commercial Properties Arizona
  • Commercial Land Specialist Phoenix
  • Commercial Land Phoenix
  • Multifamily land Phoenix
  • Retail Land Phoenix
  • Industrial Land Phoenix
  • Land Commercial Phoenix
  • Land Retail Phoenix
  • Land Industrial Phoenix
  • Land Multifamily Phoenix
  • Industrial Land for sale Phoenix
  • Land Industrial
  • P
  • Investment Real Estate

 

Disclaimer of Liability

The information in this blog-newsletter is for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.