ARIZONA
North Arizona lies on the Colorado plateau, an area of dry plains more than 4000 feet high, with deep canyons, including the famous Grand Canyon by the Colorado River.
Manufacturing is the leading economic activity with electronics, printing and publishing, processed foods, aerospace and transportation leading sectors. Arizona abounds in minerals. Copper is the states’ most valuable mineral. Arizona leads the nation in production.
Arizona’s economy, which also largely depends on the real estate industry, has been hit hard. Prices of homes have fallen approximately 50 percent from their peak, but on a positive note affordability has improved.
There is a huge demand for rentals in different counties of Arizona. Rental households comprise almost one third of the total occupied homes in Arizona according to census 2000 (32%) and American Community Survey 2005-2007 (31.4%)
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