Arizona’s economy has attracted historic wins in advanced industries like semiconductors, electric vehicles, batteries, aerospace, biotechnology, software development, and much more. Arizona’s jobs are once again breaking new ground, after regaining their pre pandemic peak in November 2021. In addition, the state unemployment plunged during the second half of the year, as the state’s labor market tightened significantly. However, Arizona is now 3rd worst in the nation for affordable housing. The forecast calls for Arizona to add 650,500 jobs during the next decade, with education and health services, professional and business services, leisure and hospitality and trade, transportation and utilities generating the most jobs. These four sectors together are projected to account for 77.5% of total state job gains. Arizona’s population rose by an estimated 109,000 in 2021. The forecast calls for the state to add 116,300 residents in 2022, 121,900 in 2023, and 113,100 in 2024. Population gains are expected to be driven primarily by net migration, as natural increase only modestly recovers after a pandemic-driven dip into negative territory. Even so, Arizona’s population growth is expected to far outpace the U.S.. We will discuss the latest real estate housing market insights in our next video to come. Subscribe to our channel to get the newest updates. If you are new to our channel, we are Realtors / Investors here in Arizona, serving the valley for over a decade and a half helping investors, builders, traditional home sellers and buyers. We also do real estate consulting services, if you're looking to learn how to actually invest in real estate and gain wealth through real estate, learn creative strategies like rent to owns/lease option contracts, from traditional resale/multi-family investing, flipping homes, wholesaling/assignment contracts, lots/new build development, give us a call at 480-788-4118 or send us an email. Real estate investing is our main specialty. It has completely changed our clients lives and even our own personal lives forever, for the better (even if you are not a Realtor which you don't have to be to know how to do this), we can help. Make sure to like this video and Subscribe to learn more winning strategies and stay on top of the real estate housing market. Cheers from sunny beautiful Arizona, Thanks for watching. Send YOUR stories/questions/need advice to: info@buyandrentaz . com Looking to buy, sell, or invest in real estate? Send us message or give us a call at 480-788-4118. We would love to help you with your real estate journey. Awni and Chantell Abbas Realtors specializing in Real Estate Investing Sell • Buy • Invest • Multi-Units • Tenant Placement for Landlords 480-788-4118 http://www.cenphxliving.com - ⚠️SUBSCRIBE to our Youtube Channel: https://www.youtube.com/buyandrentaz Hit the BELL icon to turn "ON" your notifications for new weekly videos. We share strategies, Real Estate investing advice, Insider news & current market updates. FOLLOW US on Instagram @awntelrealestate
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