Will 2013 Population Growth in Metro Phoenix Once Again Ignite Our Local Economy?








“A man cannot be comfortable without his own approval.”
-Mark Twain

Posted on February 12 2013 by admin

Last Friday Forbes ranked the Phoenix-Mesa-Glendale Metro area (“Phoenix Metro Area”) as the 8th fastest growing large city in the nation, behind Austin, Houston, Dallas, Raleigh, Salt Lake City, Seattle and Provo.  Although population growth was only 1.0% in 2012, it is expected to increase 2.7% in 2013.  As a frame of reference, Maricopa County’s population grew 24.2% between 2000 and 2010 reflecting an increase of 2.4% per annum.

A recent article written by Bruce Hilby, who has purchased and developed land in the West Valley over the last 35 years, stated “Metro Phoenix’s 2.7% population growth projected for 2013 is the fourth highest of any city in the nation. This is the primary driver of housing demand and if true, it suggests to me that we are not currently building nearly enough housing in the area to cope with the influx. The Phoenix Metro Area had a population of 4,192,887 in the 2010 Census. 2.7% growth represents more than 113,000 people who would typically require more than 43,000 homes.
To put this in perspective, in 2012 developers sold fewer than 10,000 new homes (single family & condo) in Maricopa and Pinal counties. Even though this was a 34% increase over 2011 and growth is expected in 2013, the Forbes projection implies a significant housing shortage.”

Is the Phoenix Metro Area poised for an economic recovery?  
I believe the answer is yes.  Historically housing shortages caused by population growth have led us, the Metro Phoenix Area, out of recessions because each new home built creates an average of three jobs for a year and generates about $90,000 in tax revenue.  Let’s hope that Forbes’ projections are accurate.

Gary Ringel, CGREA


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Walter Unger CCIM, CCSS, CCLS

I am a successful Commercial Investment Real Estate Broker in Arizona now for 15 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial landspecialist in Phoenix and a Landspecialist in Arizona.





we are at on the a rise of the cycle in Commercial Real Estate.  so there is only one way and it’s called we are going up and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix.  The prices on deals I may get you will not be around forever.



  We barely could give land away the last few years, but times are changing.  Even in those meager years, I sold more land across the state than most other brokers. Before the real estate crash I was a land specialist in Arizona with millions of dollars of transactions, but then I had to change and also sell other commercial investment properties, which was fun, but I am a Commercial Landspecialist in Arizonal, a Commercial Land Specialist in Phoenix and love to sell land, one acre to thousands of acres.


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 in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us. 


Please reply by e-mail walterunger@ccim.net or call me 520-975-5207 (cell)  602-778-5110 (office direct).






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Walter Unger CCIM

Associate Broker

Kasten Long Commercial

2821 E. Camelback Road, Suite 600

Phoenix, AZ 85016

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