{"id":2019,"date":"2018-10-25T09:38:25","date_gmt":"2018-10-25T09:38:25","guid":{"rendered":"http:\/\/www.gentryrealestategroup.com\/buylowazteam\/?p=1926"},"modified":"2019-05-08T22:56:51","modified_gmt":"2019-05-08T22:56:51","slug":"gilbert-az-is-flourishing","status":"publish","type":"post","link":"https:\/\/gentryrealestategroup.com\/buylowazteam\/gilbert-az-is-flourishing\/","title":{"rendered":"Gilbert AZ named the top U.S. cities for post-recession recovery"},"content":{"rendered":"

\t\t\t\tThe Phoenix suburb of Gilbert ranked highest among the nation\u2019s 100 largest cities for post-recession recovery according to a new report from the Economic Innovation Group, a Washington D.C.-based research group. The report, which tracked the uneven pace of progress nationwide following the recession, found that Gilbert is flourishing.<\/span><\/p>\n

Residential real estate in Gilbert has been in high demand in recent years. Investors began adding Gilbert properties to their portfolios at record rates in 2017 and 2018 due to their high rental income potential. \u00a0<\/span><\/p>\n

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Family home in\u00a0 Gilbert, AZ Photo: Redfin<\/p><\/div><\/center><\/p>\n

According to the report, the recession and gradual recovery reshuffled wealth across the U.S.,e report states. To illustrate, it took less than five years on average for prosperous communities to replace jobs lost during the 2007-2009 economic slump, while distressed areas may never recover their losses.<\/span><\/p>\n

Chandler and Scottsdale also ranked among the nation\u2019s five least-distressed larger cities, while Phoenix, Glendale and Mesa rank close to the middle of the cities included in the report in terms of recent economic performance.<\/span><\/p>\n

Researchers found the rate of local housing vacancies to be the best predictor of an area’s economic health. <\/span>
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Of the seven Arizona cities included in the study, Gilbert and Chandler had the lowest housing vacancy rates at 4.6 percent and 4.7 percent, respectively.<\/span><\/p>\n

Favorable rankings in Gilbert’s and other \u00a0East Valley cities reflect lower levels of economic distress than other cities based on criteria used by Economic Innovation Group. The criteria include:<\/span>
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