Real estate investing credited for economic upswing - 2005-03-28
Metro Phoenix's economy stayed in the fast lane in 2004 because of the hot mix of rapid population growth, strong housing and job creation, according to MarketWatch, CB Richard Ellis' latest annual report.
The high-octane growth is helped partly by Arizona's housing market. The 2005 total for metro Phoenix is projected to be a repeat of 2004, when nearly 61,000 permits for single-family homes were issued, up from 48,000 in 2003.
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