Facts and figures about AZ

Hi all,

While preparing my presentations about real estate opportunities in AZ I was very surprised by the facts I found out while researching the Phoenix Metro area- where I've been investing in for the last 10 years. We could say Phoenix is my "second home" the place that I always enjoy touring and visiting.

So those are updated facts that I just discovered about unemployment rates (US Department of Labor, 12/2010):
•Nevada - 14.3 %
•Florida- 12 %
• California- 12.4 %
• US average- 9.4%
•Arizona – 9.4 %, Phoenix- 8.5 %!

I always knew AZ's economy was based in many different industries but I was blown away by the variety and strength of the different employers.

Below are some examples:
Government- State of AZ (50K employees),City of Phoenix (17k), Maricopa County (14K), Luke Air Force Base (8K)
Universities- ASU (13K), University of Phoenix HQs- (10K) largest private University in the US!
Hi-tech – Intel, Avnet, Applied Materials, Motorola, Freescale, GoDaddy, Microchip, Paypal and more.

Financial- HQs of Wells Fargo (13K), Chase (7K), American Express (7K)
Tourism (hotels and resorts) and recreation (golf)- HQs of Marriot International, Best Western and more.
Retirement and Health Banner health (20k), Scottsdale Healthcare (6K), Catholic Healthcare (7K) . Mayo Clinic (7+K).
Aerospace and military- Honeywell (12 K),US Airways (9K), Alaska Airways, Mesa Airways. Boeing.
Walmart HQs- biggest non-public employer in AZ- 30K employees!

Unfortunately the construction and real estate industries took a such big hit in the last years that it will take time to recover, but looking at those impressive lists of employers I am very optimistic about the future of Phoenix!

And this is why the Phoenix Metro is excellent right now for investors. The real estate opportunities are endless, prices are low, rents are going up- this is the time to buy!

Yours,

Naomi.

naomiesal@gmail.com