{"id":8768,"date":"2012-07-03T07:31:28","date_gmt":"2012-07-03T13:31:28","guid":{"rendered":"http:\/\/stateimpact.npr.org\/idaho\/?p=8768"},"modified":"2012-07-02T23:23:39","modified_gmt":"2012-07-03T05:23:39","slug":"boises-recovery-earns-strong-marks-but-theres-a-catch","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/idaho\/2012\/07\/03\/boises-recovery-earns-strong-marks-but-theres-a-catch\/","title":{"rendered":"Boise’s Recovery Earns Strong Marks, But There’s A Catch"},"content":{"rendered":"
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Molly Messick \/ StateImpact Idaho<\/p>

Demand for new homes in the Boise area improved this year as existing home prices began to rise.<\/p><\/div>\n

Boise earned sixth place<\/a> in a recent ranking of cities’ economic recoveries, a strong finish that’s based largely on improvement in local home prices.<\/p>\n

The Brookings Institution’s Metro Monitor<\/a> sizes up the turnaround in the nation’s 100 largest metro areas based on four indicators: employment, unemployment, output and house prices.\u00a0 It focuses on how much each city has improved from its low points in those areas.\u00a0 The current report is based on the economy’s performance in the first three months of this year.<\/p>\n

While Boise’s high overall\u00a0 ranking is certainly good news, Brookings Policy Analyst Kenan Fikri cautions against giving it too much emphasis.<\/p>\n

“Boise is more or less recovering on pace with the nation in employment, unemployment and output,” he explains.\u00a0 In other words, it’s the fourth measure — house prices — that’s responsible for the city’s relative strength in the report.\u00a0 “I don’t think you can say that Boise’s recovery is stronger than the rest of the country’s outside of that measure,” Fikri says.<\/p>\n

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