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Consumers’ Negative Outlook Doing Little to Dampen Retail Investors’ Dispositions in Phoenix
Phoenix, AZ - October 26, 2011 - (RealEstateRama) -- Many retail market indicators continue to improve, despite erratic employment trends and sovereign debt worries. These economic headwinds have strongly impacted consumer sentiment, dropping third quarter expectations to the lowest point since early 2009, when layoffs peaked. Still, retail sales reached an annualized average of $380 billion in September, up 7.6% year over year. Total nonfarm payrolls have expanded by nearly 1.1 million positions so far in 2011, with the wholesale and retail trade sectors alone adding 205,000 workers combined. Rising retail payrolls and sales, in turn, have supported investor interest. An estimated $21.5 billion in retail assets have sold over the past six months, more than double the transactions recorded during the same stretch in 2010. Steady employment gains are predicted to keep inves tor confidence and deal flow near current levels through year end. In 2011, a total of 1.4 million jobs will be added, a 1.1% increase, while the key wholesale and retail trades will expand by 256,000 positions, or 1.3%.
Arizona Resort Homes and Home Sites for Auction with $1 Minimum Bids
NEWPORT BEACH, CA– Freedom Realty Exchange (FRE.com), a real estate auction marketing website and part of the LFC Group of Companies, has just announced the launch of an online auction campaign to sell seven new homes and two residential lots in Bullhead City, Arizona, with minimum bids starting at only $1.