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Old 01-22-2010, 10:50 AM
Location: Arizona
800 posts, read 1,388,287 times
Reputation: 532
Default Job losses push back housing recovery in Phoenix

More predictions from the Republic's "experts":

"Metropolitan Phoenix's housing market is not expected to recover until 2014, two years later than experts had previously predicted.

The biggest obstacle to a real-estate rebound in the Valley is a lack of jobs, according to analysts and economists speaking at Urban Land Institute Arizona's annual forecast conference on Thursday.

Without new jobs to draw more residents to fill almost 80,000 area homes left empty by the recession, home prices will remain depressed. But the state is not likely to see pre-recession job levels for another four to five years."

Job losses push back housing recovery in Phoenix
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Old 01-22-2010, 12:49 PM
Location: Phoenix
3,995 posts, read 6,022,623 times
Reputation: 859
Also not helping is that those in construction trades that previously ruled in Arizona will need to go back to school/vocational training/etc in order to catch up with new industry that is moving to Phoenix...i.e. solar construction which is much more technical and complicated compared to framing a house. There will be some hard times for low skilled workers as the economy (especially in manufacturing and construction) becomes more technical and advanced.

Last edited by fcorrales80; 01-22-2010 at 12:59 PM..
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Old 01-22-2010, 12:56 PM
845 posts, read 1,399,979 times
Reputation: 286
I was denied yesterday to be a Substitute Teacher on the West Side. I worked there 10 years ago and have great references. They told me that they were only hiring Subs with previous contract teaching experience. Sheeesh. 180 degree turn from before, when they had signs in front of the school looking for employees. Oh well, glad I got a multi-year supply of dinero, but it does make you wonder. Hell, I'm only looking for a few days a week of employment, and I am childless and my place is paid for. If I had kids to feed and a mortgage; I would be anxious to say the least.
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