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Tue July 3, 2012
Boise’s Recovery Earns Strong Marks, But There’s A Catch
Boise earned sixth place in a recent ranking of cities’ economic recoveries, a strong finish that’s based largely on improvement in local home prices.
The Brookings Institution’s Metro Monitor sizes up the turnaround in the nation’s 100 largest metro areas based on four indicators: employment, unemployment, output and house prices. It focuses on how much each city has improved from its low points in those areas. The current report is based on the economy’s performance in the first three months of this year.
While Boise’s high overall ranking is certainly good news, Brookings Policy Analyst Kenan Fikri cautions against giving it too much emphasis. Click here to continue reading...