Monday, June 15, 2009

Northwest Arkansas ranked #2 in U.S. for recession recovery!

Here's what ( said about Northwest Arkansas:

Cities poised for a rebound--and cities with a long slog ahead.

The three most important things in real estate: location, location, location.

It's true for recovery from a real estate bubble too. Overall, many economists expect the national economy to return to growth later in 2009, perhaps as soon as this summer. But that won't be the case everywhere. While some cities are poised for a quick rebound, others face a slog to recovery that could take years.

To find the 10 cities that look best poised for recovery (and the 10 cities likely looking at the longest climb back), we examined estimates from data provider Moody's of the projected gross domestic product of metropolitan areas across the U.S., as well as unemployment figures from the Bureau of Labor Statistics and home prices, incomes and affordability data from the National Association of Home Builders. Because, in general, healthy cities were not victims of as severe a housing collapse, home prices were not used in ranking the cities poised for recovery.

#2.  Fayetteville-Springdale-Rogers, Arkansas

Current GDP: $13.9 billion

End of 2010: $14.5 billion (projected)

Unemployment: 5%

What better way to sit pretty during a recession than to have the ultimate recession-proof company headquartered in your neighborhood. The Fayetteville region is home to Bentonville, Ark.-based Wal-Mart. Wall Street may be struggling, but the presence of the world's most powerful retailer keeps northwest Arkansas' business community humming.

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