It's Time To Start Investing In Arizona!
The Arizona economy continues its long winning streak. Employment is expanding, population growth is solid, and wages are rising. Further, Arizona continues to far outpace national growth rates.
The outlook for 2019 remains solid for the state and nation. The current national expansion is very much on track to be the longest on record.
Arizona added 78,800 jobs in 2018, which translated into 2.8% growth, according to the latest revised data from the U.S. Bureau of Labor Statistics. As Exhibit 1 shows, that was up from 2.5% in 2017. Employment gains also accelerated in the Phoenix Metropolitan Statistical Area (MSA), rising from 3.0% in 2017 to 3.3% in 2018. In contrast, job growth decelerated in the Tucson MSA, from 1.3% in 2017 to 1.2% last year. Nationally, job growth was 1.6% in 2017 and 1.7% in 2018.
It is a great time to invest in Arizona!
-Jared
Most Popular Reply
Two years ago would be a much better time to get into the Arizona market when thousands of multi-unit properties were selling for $40,000 to $50,000 per unit. Today, those exact same units are going for $150,000+.
If you see some good deals in Arizona let me know and I will give you a slice of the pie. I prefer multi-units unless you can get single families for a steal.