Phoenix Employeers Are Lootking to Hire

It seems like news is released every day on the recovery here in the greater Phoenix/Scottsdale market. 

A recent Manpower Employment Outlook Survey indicated that 20 percent or 1 out of five employers were planing to hire in the second quarter.  This is up from 17 percent a year ago.

Mortgage Banking Revenues On the Rise

First quarter results are in and banks saw big gains in mortgage banking revenues and profits on the back of strong refinancing activity.  Part of this is due to the spreads between the mortgage rates and mortgage backed securities being twice their normal.  This is good for the banks to help them get on more sound financial footing but some would argue that mortgage rates, already below 4%, should fall even more.  With rates so low as they are, most would prefer the financial system get on more sound footing rather than have lower borrower rates which would have minimal effect on the monthly payment.

Arizona Top State for Startups

A recent Phoenix Business Journal Article revealed that Arizona is rated as the top state for entrepreneurial activity and Phoenix was rated as the third highest city in the nation.  This is according to the Kauffman Foundation research.

It revealed that 520 of every 100,000 adults stared new businesses last year, well above the 320 per 100,000 national average.

Vacation Home Sales On The Rise

According to the Wall Street Journal, sales of vacation homes are back on the rise.  After a decline of 56 percent between 2006 and 2010, sales were up 7 percent in 2011.  This is good news especially for the Arizona and Florida markets.