Tuesday, April 17, 2007

Unemployment rate hits record low! How does this affect Real Estate?


from Puget Sound Business Journal

"Washington's unemployment rate in March fell to 4.6 percent, the lowest since the state began keeping unemployment records in 1976, according to state officials.
Washington employers added 3,100 jobs in March compared with 7,200 who found jobs in February, when the state unemployment rate was 4.8 percent.
Nationally, the unemployment rate fell to 4.4 percent, the same rate recorded in March for the Seattle/Bellevue/Everett area.
State officials were pleased with the news.
"The Washington economy is one of the fastest growing in the nation, and this is a great record to break," said Gov. Chris Gregoire, in a statement. "

What does this mean for Real Estate?
A strong economy means more money, growing families, more people moving to the area for jobs, and over all a strong real estate industry. So if your looking to purchase or invest now is as good as ever.

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