Seattle and Eastside Homes at TeamIrene.com
Seattle and Eastside home buying tips, real estate for sale and Seattle area market updates.
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The New York times has a really interesting interactive graphic today about unemployment trends and how they relate to the end of past recessions.
Unemployment rose to 8.9% in April 2009, but this was actually better than expected and has some economists wondering if the slowing pace of new job losses means we’re seeing the beginning [...]
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Yesterday the New York Times ran an article that talked about how we may be seeing signs of a housing recovery in Sacramento County,which was hit hard and early by the housing crisis.
Sales are up 45% from a year ago, and other areas such as Las Vegas and parts of Florida are also showing significant increases.
Notably, prices [...]
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There’s been some interesting news on the economic front recently:
The Good:
Today the stock market recouped its losses for 2009 and actually turned positive for the year, apparently primarily due to early reports that stress tests of major banks may offer more detail and less bad news than originally expected.
This sent the S.&P.500 up 3.4% today, [...]
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The February unemployment numbers are out and, as expected, it’s not a very pretty picture, with the unemployment rate now at 8.1%.
The Wall Street Journal has an interesting overview that takes into account a number of different opinions. Their article is a summary of quotes from over ten different economists reacting to today’s data. You can click [...]
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The Puget Sound Business Journal just ran an article quoting Lawrence Yun, chief economist for the National Association of Realtors, explaining why he thought the Seattle area was not due for a housing crash similar to the one seen in some parts of California.
This makes sense, seeing as we didn’t have the enormous price run-ups [...]
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