Recession watch...

Pretty cool link I found while checking out a RE blog from the LA area (Terra Firma LA). Has markets listed in each state as either in recession, at risk of recession, or in expansion. Click here to read the whole list.

Here is the bit for Arizona, should not be shocking...

Arizona -- In Recession

Flagstaff, AZ Metropolitan Statistical Area -- In Recession

Lake Havasu City-Kingman, AZ Metropolitan Statistical Area -- In Recession

Phoenix-Mesa-Scottsdale, AZ Metropolitan Statistical Area -- In Recession

Prescott, AZ Metropolitan Statistical Area -- In Recession

Tucson, AZ Metropolitan Statistical Area -- In Recession

Yuma, AZ Metropolitan Statistical Area -- In Recession

Looks like there is a lot of work needed to be done across the state... and at least a decent opportunity to get our own house in order to begin the process of recovery in the new year. The question is will we??