Phoenix drags down Mountain West in new economic/real estate report

Phoenix isn’t alone in its economic and real estate pain. The entire Mountain West area is hurting more than any other region of the country, according to a new Brookings Institute study.
The first Mountain Monitor from Brookings was released earlier this week. Unfortunately, it’s another bad economic report card for Phoenix, which is one of 10 metro areas in Arizona, Nevada, Colorado, New Mexico, Utah and Idaho tracked in the survey.
“Across the (Mountain) region, the deflation of a massive housing bubble, widespread job losses, and the onset of a significant public-sector fiscal crisis have wreaked havoc on many …

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