Reverse Gold Rush...the press has good news!

The first article, Reverse Gold Rush, from Retailtrafficmag.com, reports that with cheaper housing and job growth to be found in the rest of the Southwest, Californians are conducting a reverse gold rush to Arizona, Nevada and New Mexico. According to the University of Southern California Office of Demographic Research, 250,000 Californians move out of California each year. That's what's behind projections that the population in Arizona will double in the next 25 years, growing from 5.7 million to 10.7 million. In fact, three out of five new residents moving to Las Vegas and Phoenix each year come from California. In addition, many California based companies are moving their operations out of state to Arizona and Nevada because of their proximity to California, allowing these companies to move products quickly to California markets and executives to fly in and out in a day. Reza Etedali, CEO for Irvine based Reza Investment Group, expects this trend to continue for the foreseeable future. "Over the next 10 years, there will be incredible growth in the Southwest," he predicts, noting that about one-third of his clients are now looking for opportunities outside the state. "The region could go through ups and downs, but long term, it's poised to grow."
http://retailtrafficmag.com/mag/retail_reverse_gold_rush/index.html
The second article, Sept. housing starts rose, inflation eased, from the Arizona Republic, reports that housing construction rebounded in September from a three-year low, and falling energy prices led inflation to slow, suggesting growth may pick up while letting the Federal Reserve keep interest rates steady. Housing starts rose 5.9 percent in September according to the Commerce Department. Th figures, along with the most recent report on retail sales and the labor market, diminish concerns that falling home prices will cause the economy to stagnate. Builders broke ground on more homes last month after cutting prices and offering incentives to clear out inventories of unsold homes. An index of home builder confidence increased this month for the first time in a year, led by rising sales expectations for the next six months. "We're nearing the end of the slowdown, but we're not quite there yet," said Michelle Meyer, an economist at Lehman Brothers Holdings Inc. in New York.
http://www.azcentral.com/php-bin/clicktrack/print.php?referer=http://www.azcentral.com/arizonarepublic/business/articles/1019biz-economy1019.html