Apparently The Economist magazine had an unflattering article on Phoenix recently and our Elliot Pollack, economic guru, shot back.
Let’s examine the basic facts. The City of Phoenix is the economic and social hub of the Greater Phoenix area. During the past three years, Greater Phoenix has been the most rapidly growing of all 28 major employment markets in the U.S., and has consistently ranked at or near the top in terms of growth.
Phoenix sounds like one of the best places in the United States to own real estate. It is.
[Hat tip to Elizabeth Scott at North American Title Company.]
UPDATE: Here’s The Economist article.