MARKETS & TRENDS
RECOVERY
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WHERE WILL RECOVERY TAKE PLACE FIRST?
by Ingo Winzer
12 Month Increase
he pandemic is still in charge. The recovery of jobs has stalled, and it now looks like the recession will
T
US Average
-4%
last well into next year. But some markets will recover before others and among them will be those that have a strong business services sector. It’s the largest portion of the economy and because it encompasses services that all businesses need, even during a recession (lawyers, janitors, accountants, tech - nology) it’s a good indicator of where a recovery probably will take place first. Here are a dozen markets that have a large business services sector and where those jobs are doing much bet - ter than the national average. One percent growth usually isn’t something to write home about, but it’s much better than minus four percent. You can’t rely on one indicator to make a forecast with confidence, but these markets already have one very good thing going for them. • Our Investors Metro Analysis shows you the risks and opportunities in 200 local real estate markets at www. LocalMarketMonitor.com. Now with zip code rent data.
6%
Austin, TX (pictured)
6%
Colorado Springs, CO
4%
Raleigh, NC
4%
Knoxville, TN
3%
San Diego, CA
2%
Dallas, TX
2%
Indianapolis, IN
1%
Denver, CO
1%
San Jose, CA
0%
Seattle, WA
Ingo Winzer is president of Local Market Monitor, which analyzes conditions in 300 U.S. markets, using such economic data as home values and growth in employment and population. Winzer, who has analyzed real estate markets for more than 20 years, was a founder and executive vice president of First Research, an industry research company that was acquired by Dun & Bradstreet in March 2007. He is a graduate of MIT and holds an MBA in finance from Boston University. Winzer resides in Cambridge, Mass. www.localmarketmonitor.com
0%
Nashville, TN
0%
Houston, TX
LOCAL MARKET MONITOR, CARY NC
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