Arizona’s population is expanding at the slowest rate since the last real-estate-led recession in 1990, new figures show.
Arizona grew by 1.6 percent, or about 100,000 residents, during the past year, according to U.S. Census data analyzed by University of Arizona economist Marshall Vest. That’s less than half the growth rate of just two years ago. Most of today’s growth can be attributed to births, which are outpacing deaths, rather than from new residents.
Vest and others say the new population figures are conservative estimates, unlike the ones released a few years ago by the Arizona Department of Economic Security. The agency accidentally overstated the number of residents by tracking new-home permits.
At that time, Arizona’s housing economy was booming. Big growth rates were a predictor of good times for the state’s biggest industry: Past studies have shown one in every three dollars spent in the state was linked to the housing industry.
Today, the housing market is in a painful contraction, with home values falling and foreclosures at a record high.
Fewer people moving to Arizona means fewer potential home buyers, fewer shoppers in new stores – in short, less growth in a state dependent on it.
Some Valley cities believe their populations are actually shrinking based on drops in utility hookups and increases in vacant homes. Arizona economists say that’s possible but that, overall, the state isn’t in negative territory for new residents. Continue reading "But Everyone Wants To Move To Arizona!"
The bottom of the Las Vegas housing market appears to be taking shape late in the year. Home sales have improved and inventory has been reduced. Prices continue to fall, but the rate of decline has dropped under 3 percent for the last two months.
His principal ‘beefs’ with Geithner including his ‘lack of real financial markets or business side experience’ and connections to powerful and influential factions on Wall Street
He believes America has been held hostage by a ‘criminal gang’ from Wall Street, who have bought their way into politics and have been directing financial services policy for many years, though their days are now numbered
People will be surprised next year when the depth of the economic trough in the US becomes apparent
Many of us in Halifax were deeply affected by the sudden, but peaceful, passing of Allen Wayte. Some of you may have already noticed (or puzzled at) my haiku response.
Tuesday saw his memorial service, and I was particularly moved by the brief message from his estate agent, of all people. I spoke with David Morton after the service and he agreed to let me transcribe his words for you, and perhaps also for some of Allen’s many friends who were unable to be here yesterday.
[starts at about 32:00 on the MP3, after David’s reading of Colossians 3:12-17]
David Morton: I just want to say real quickly that it was an honour to get to know Allen in the last few years of his life and I think it’s quite amazing, now that the year is over, seeing what has transpired that …
I thought God brought Allen into my life for a reason. I knew it wasn’t for a commission because when I got the call he started looking at … trailers and … [laughter]
But his bottom line was — he always wanted to have a home of his own, and he wanted to have something in the bank when he would retire. And I sensed right from the start there was more to it than that. I said, "Allen, if you, in your position directed the choirs and led worship unto God, I believe God may want to reward you for you faithfulness, because you’ve been doing this so long.
And he looked at me kind of strange, which I thought was kind of odd at the time, that God would be interested in him in that way. And I said to him, "Al, let’s just try it and see what happens."
So he was open for anything, and as I got to know Allen he had such a kind, gentle spirit and what really intrigued me is what his friends said about him. Susanne Bailey and Naomi Mensink, they just loved him. And they talked so highly of him … and that moves me when I hear people honour other people. That doesn’t come easily in the world that we live in.
And I felt — I’ll make it very quick — I felt: God who knows that our days are numbered knew this day would come, and He wanted somebody to remind Allen how much He loved Allen.
And with Allen’s childhood, growing up the way he grew up, he didn’t have a family like many of us cherish, and I hope we do cherish this Christmas season, but he had you. He had you choir members. You did such a lovely job this morning — he would have been proud, you honoured him very well with that.
And I just wanted to say that Allen loved each and every one of you in a special way — in his own unique way.