Honolulu - Top 10 most recession proof cities in America!
Posted by Tony Kawaguchi, RA on Thursday, July 1st, 2010 at 4:10pm.
The MetroMonitor report examined indicators through the first quarter of 2010 in the areas of employment, unemployment, output, home prices, and foreclosure rates for the nation’s 100 largest metropolitan areas.
It finds that: The metropolitan areas that have had the most consistent job growth over the past year are Augusta, Austin, Charleston, Chattanooga, Dallas, Honolulu, Jackson, and Raleigh.
Thirty-two metropolitan areas had recovered their pre-recession levels of output in the fourth quarter, including Honolulu, which had continuous output growth since at least the second quarter of 2009. Most of these metropolitan areas are state capitals or other government or military centers.
Housing markets remained weak, with house prices lower in the first quarter of 2010 than in the first quarters of 2007 and 2009 in all of the 100 largest metropolitan areas. Employment has begun to grow and housing markets are no longer in free-fall in some of the metropolitan areas that suffered most from the housing bust during the last three years.
Cnn took the report and created this list to the left.
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