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December 13, 2005
High Home Prices Scare Business
High housing prices can stifle business growth.
Barry Broome, president of the Greater Phoenix Economic Council (GPEC) said he’s starting to see the effect of higher housing prices in the questions and concerns of companies that GPEC is working with on moving to or expanding in the Valley. “It’s affecting what has historically been an advantage in Arizona,” he said. “To have them (housing prices) go up 50 to 80 percent is starting to show up in the analyses companies do on where to locate.”
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Posted on December 13, 2005 05:39 AM by House 78.
Filed in Real Estate under housing prices.
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