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Arizona – Phoenix; Business cycles; Economic development; Economic history; Housing – Prices; Idaho – Boise; Metropolitan areas; Nevada – Las Vegas; Recessions; West (U.S)
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Full-Text Articles in Urban Studies and Planning
Mountain Monitor-2nd Quarter 2010, Jonathan Rothwell, Kenan Fikri
Mountain Monitor-2nd Quarter 2010, Jonathan Rothwell, Kenan Fikri
Mountain Monitor Quarterly
The Intermountain West exemplifies the peculiarities of the Great Recession and its subsequently fragile and protracted recovery. Where pre-recession growth in employment and housing prices was fastest, employment losses and housing price declines have been the most severe—in Las Vegas, Phoenix, and Boise most starkly. The profundity of the recession and sluggishness of the recovery have ensured that no metro in the region escaped unscathed, however, and in the second quarter even the best performers fell on some indicators. Perhaps most significantly for the region, housing prices are unlikely to keep falling much further. An analysis by Howard Wial and …