Seattle, WA King County SFH median price: $363,850 King County SFH new construction median: $465,900 King County SFH + condo median: $335,000 March ’09 Seattle metro area unemployment rate: 8.9% San Diego, CA Central San Diego County SFH resale median: $300,000 Central San Diego County SFH new construction median: $355,000 Central San Diego County SFH…
Tag: unemployment
Morning News: National Housing “Crisis,” Boeing, Alaska Air, & More
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…
Unemployment Reaches Record Levels, But Rate of Increase Slows
Here’s a chart to help put the latest local unemployment statistics in perspective: You can see that yes, unemployment reached yet another record high in March. However, the good news is that the rate of increase in the unemployment rate has slowed significantly. For the last six months or so the unemployment rate had been…
Local Unemployment Nearly on Par with National Rate
Washington State’s latest unemployment statistics came out yesterday, and King County came in with a staggering 8.0% unemployment rate. To put this in context, I created the following graph, which charts local unemployment back to 1990 (as far as I can locate data), and compares it to the nationwide unemployment rate as well as “official”…
Unemployment Rising Four Times Faster than Previous Recessions, Foreclosures Rising Three Times Faster
By request, here is a chart showing Notices of Trustee Sale and Unemployment. Note that the scale for each data set is different to allow their rates of change to be more easily compared. The chart above shows the monthly percentage of households receiving a Notice of Trustee Sale (on the left axis) and the…