The Future Is a Lot Like the Present Only Longer -- Yogi Berra

Arizona’s economy continued enjoying modest improvement during the final quarter of 2011.  Preliminary readings for the first quarter are unspectacular, but we expect the pace to quicken as 2012 progresses.  However, that doesn’t mean that Arizona’s economy will overheat any time soon.  Imbalances in real estate, depressed population mobility, and severe budget constrains in the public sector will continue to exert a drag on the pace of recovery.

Breakfast With the Economists:
Mid-Year Economic Update

Cautious hiring, rising gasoline prices, the absence of a rebound in homebuilding and low confidence are only some of the factors holding the economy back. Bank credit is still gummed up with fears of new regulations and fiscal policy has turned decidedly restrictive.

Join us for breakfast with Eller economists Gerald J. Swanson and Marshall J. Vest as they answer these questions and offer insights on what expect during the remainder of 2012. [Read More and Register]

Data Round-Up March/April 2012

Arizona had the highest foreclosure rate in the nation for March with one in every 300 housing units in foreclosure, 9,497 units statewide, according to RealtyTrac. This despite the fact Arizona’s rate actually dropped 41 percent in March. [more]