National Journal Gets It Right… Almost

Ronald Brownstein’s recent review of the housing market (The Plight of Boomtowns … Humbled After the Bust) in the National Journal is an accurate and deep account of the situation here in Phoenix and other ‘Boomtowns” across the county. We feel he misses one point, however. That is the good news for Phoenix and the Valley – we are continuing to diversify beyond a real estate only economy. News of recent business expansion by Intel and First Solar on a large scale, and many other companies on a smaller scale, indicates that the residential real estate market will return with more robustness than other boomtowns.

There is no way to minimize the impact of the recent Great Recession and resulting financial loss to many. But there is reason to move forward and expect great things over the next 3 to 5 years and beyond.

Comments

comments

About Mike Garland

In this age of software, data bases and cloud technology, residential real estate provides an anchor to physical reality. At least for now, there is no virtual reality where people can share a meal, a swim in the pool or laugh in the living room with a view of Camelback Mountain the way they can in a luxury home. I enjoy helping people find and sell homes in the Phoenix Valley. With my team we specialize in residential real estate in the Biltmore area, Paradise Valley and the West Valley. I also head up the Toma Partners relocation group.
This entry was posted in Opinion. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *