An unusual means for measuring the economy is employment through the ADC. When I retired in 2000 we had a low of 10% staffing shortage in some complexes, and as high as 22% in others. Speaking last week to a friend who recruits, the staffing shortage statewide is 2%. We used to say, when the economy is good, we can’t get staff. When the economy is not good we have enough staff. There is a lot of debate about whether we are in a recession or not. If not, we couldn’t come any closer. Tucson has one saving grace for real estate.
Tucson is a haven for retirees. There is no question about that. What has softened the effects of the current market it this vital part of future buyers for Tucson’s real estate. Babyboomers have been a driving force in our society since post WW II. Tucson is a magnet to many babyboomers.
Richard C. Carlson has been forecasting for 4 decades. I subscribe to his philosophy about the Tucson market. I have been positioning myself for babyboomers for the past eight years. Being a babyboomer myself, I can see the desire and need to move to a community like Tucson. No blizzards, no hurricanes, no tornadoes, and no earthquakes. Lots of sunshine, golf, hiking, biking, community events. Easy access to airlines, skying, Las Vegas, California, and Mexico. Lower cost of living. More bank for your buck, so to speak.
Tucson has retirement communities for those wanting quiet adult solitude. Adult communities for those living life to its fullest. Luxury communities, gated communities, golf communities, planned communities, and rural living. All within the greater Tucson area. So, babyboomers, welcome to Tucson. You have been a significant factor in softening the blows of a tough economy.
By the way, if you happen to love golf, I’m always up for a game. Watch for the PGA Accenture Match Championship coming to Tucson later this month.