Phoenix Metro 2nd Highest Employment Growth

By Buying, Mike's Articles, Phoenix Metro Real Estate News, Selling January 31, 2019
0031-119th – 2125 (30)

As we’ve said before, if higher paying jobs are added to the local workforce, home values will continue to grow.  Our local Chamber of Commerce, along with the State of Arizona, meet with companies of all sizes. Their job is to show them what a great fit the Valley is for relocating or starting their businesses to increase employment growth.

Judge for yourself, but it seems that they’ve been doing it well!

“…the Phoenix area grew 4.2 percent…”

According to the Business Journal,, employment in the Phoenix area grew 4.2 percent during the 12-month period that ended Nov. 30, 2018. This is the second highest percentage of growth of any metro city nationwide.

According to CBRE research and the U.S. Bureau of Labor Statistics, the Phoenix area gained 86,800 new jobs during the period. In 2018, CBRE tracked 105 job announcements with a combined 28,000 new jobs projected to be created during the next one to three years.

Per, the Journal, the two biggest announcements of the year, each for 2,500 jobs, were from Deloitte and Allstate. Both of these centers will be located in Gilbert and Chandler. Mayo Clinic also announced it will add 2,000 new jobs and expand its north Phoenix campus. That was the was the second-largest job announcement of the year!  Read the full Phoenix Business Journal Article Here.

The connection is probably obvious, but the point is that more jobs means more people moving here. That means more people looking to buy homes.  This creates more demand and therefore good for sellers. We’ve been saying for a long time that our city needs more inventory, not more demand. Truthfully however, demand has been slipping of late.

About the Author
Bodeen – 1 – Mike – Square
Michael Bodeen, Associate Broker

     I was born and raised in San Rafael, California, from the mid 50’s to the early 70’s. I had super parents who worked hard to provide 5 kids with a good Catholic education – despite my best attempts to overthrow the knuckle-cracking regime of Sister Mary Anselma. My dad worked as a self-employed butcher until his retirement at 65 and enjoyed many wonderful years until mom passed away in 1992.

     Dad passed away in the fall of 2006 having lived a great and full life into his early 90’s! In California, I attended college in Chico and Sacramento as a “Sosh” major, but like many of my contemporaries, I did not have a clue what I wanted to do when I grew up. Because of my age, I missed the Vietnam War and into my early 20’s I had many typical youthful indiscretions.

     Thankfully, that was a brief period of my life, and with greater thanks, not too much damage was sustained in those early and rebellious years. And by the way, those thanks are due to the answered prayers of faithful relatives who prayed for years that a wayward Michael would turn his life over to the Lord, and in January of 1982 that’s what happened.

     I lived in Sacramento, California in the mid 70’s, and later moved to Truckee, California, which is near Lake

Tahoe and Reno, Nevada. Truckee’s often labeled the “coldest spot in the nation.” Why did I move there?

My father-in-law was a real estate broker in Donner Lake, California, and despite his cantankerous disposition, he seemed very successful in his real estate endeavors. I joined him in sales in July of 1976.

    The Truckee and Lake Tahoe area was a wonderful place to raise a family, but a difficult and cold environment to live in, but we did so for 18 years. In 1994, my wife, Karen, and I visited Scottsdale at a friend’s request, and within 8 months, our family of 5 had relocated to “the valley” – or is it a desert? Whatever it is, it’s warm. At any rate, 24 years have gone by since we made the break from the late great state of confusion, uh, California, and it’s turned out to be a great move.

     As for hobbies, I enjoy family, friends and travel. My kids Robert, Kendra, and Jonathan are now 40,

34, and 31 respectively. I recently became “gramps” for the 4th time as well. It’s a nice time of life. Karen remains as lovely on the inside and outside as the day we were married. We continue to wonderfully grow together as the years advance. As an ordained Christian Chaplain, I volunteer Preaching at Florence Prison with Along Side Ministry. The ministry helps make the formerly incarcerated able to function, even thrive, on “the outside.”

     Should you choose to have me represent you in the sale or purchase of your home, you’ll be receiving my 40+ years of real estate knowledge, counsel, and experience (including negotiation experience).

    Beyond the transaction, I’m always available to you, should you ever need my real estate advice.