Here’s a few national stories of note, and a handful of local economic news stories from this morning:
- New York Times: For Housing Crisis, the End Probably Isn’t Near
- Wall Street Journal: When Will Home Prices Stabilize? Fitch Says 2010
- Seattle P-I: Unemployed workers struggle with job-seach requirements
- Associated Press: State lawmakers strike agreement on budget deal
- Everett Herald: Could Boeing fly away from Washington?
- Seattle Times: After delays and fixes, Dreamliner almost ready to roll
- Tacoma News-Tribune: Alaska to charge for first bag after first quarter loss
Quote of the morning is from the New York Times article:
[Home prices] don’t have as far to fall today, but the great real estate crash is not over, either. So if you are part of the 30 percent of American households who rent and you’re trying to decide when to buy, relax.
The market is still coming your way.
Be sure to also check out the nifty interactive chart in the New York Times piece that directly compares home price to median income ratios for the 20 Case-Shiller markets. If you’re wondering why their ratios are so much different than what we graphed earlier this month, note that they are using median household income, whereas our chart used per capita income.
