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Economic Update for the Puget Sound and Washington State. A presentation given by Anton Stetner at the Vision Leadership Conference on some signs of why the ecnomony is slowly improving at the National Level, Washington State and then down to King County and Snohomish County.
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Economic Update
Presented byAnton Stetner
Real GDP Growth
US GDP and Employment
Data Normalized to Recession Start 2007 Q4 = 0
U.S. Unemployment Rate is 7.9%
Unemployment Rate Seasonally AdjustedData from US Bureau of Labor Statistics
U.S. Consumer Confidence
Washington Unemployment Rate is 8.3%
Unemployment Rate Seasonally AdjustedData from US Bureau of Labor Statistics
King County Unemployment Rate is 7.1%
Unemployment Rate Seasonally AdjustedData from US Bureau of Labor Statistics
Snohomish County Unemployment Rate is 8.4%
Unemployment Rate Seasonally AdjustedData from US Bureau of Labor Statistics
WA Major Employer - Boeing Orders
WA State Employment Recovery
WA State Personal Income Recovery
WA State Vehicles Sales
WA State Housing Permits
Puget Sound Housing Permits
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 (Jan.-Apr.)
King 9967 10551 9857 11945 12034 14075 15418 10317 3220 5957 1484
Pierce 5734 5467 5152 6026 6826 6006 5132 2368 2094 1898 582
Snohomish 5396 4973 5592 6164 6659 5662 4853 2704 2183 2126 1051
Thurston 1479 1835 2014 2253 2570 3204 2603 1006 1161 949 283
Kitsap 1138 1229 1460 1366 1611 1236 1370 578 388 304 95
Skagit 719 887 904 851 1018 1009 807 366 234 200 55
2,500
7,500
12,500
17,500
22,500
27,500
32,500Skagit
Kitsap
Thurston
Snohomish
Pierce
King
Data courtesy of Chicago Title Insurance Co. Everett
WA State Multi-Family
WA State Single Family Home Prices
WA State Median Price
All NWMLS Data was use for all of WA State. NWMLS does not cover every part of WA but it does cover a majority. Data From Broker Metrics via of Keller Williams Realty Marysville
WA State Supply and Demand
Data From Broker Metrics via of Keller Williams Realty Marysville
WA State Months of Supply
Data From Broker Metrics via of Keller Williams Realty Marysville
Washington Foreclosure Inventories
Schedule for Sale are total number of properties with an Auction Date from a Notice of Trustees Sale. Bank Owned / REO is total number of foreclosed on Properties.Data from Foreclosureradar.com
King County Foreclosure Inventories
Schedule for Sale are total number of properties with an Auction Date from a Notice of Trustees Sale. Bank Owned / REO is total number of foreclosed on Properties.Data from Foreclosureradar.com
Snohomish County Foreclosure Inventories
Schedule for Sale are total number of properties with an Auction Date from a Notice of Trustees Sale. Bank Owned / REO is total number of foreclosed on Properties.Data from Foreclosureradar.com
King County Months of Supply
Data From Broker Metrics via of Keller Williams Realty Marysville
King County Supply and Demand
Data From Broker Metrics via of Keller Williams Realty Marysville
King County Closed Sales
Based on Residential Closed Sales from NWMLS
Snohomish County Months Supply
Data From Broker Metrics via of Keller Williams Realty Marysville
Snohomish County Supply and Demand
Data From Broker Metrics via of Keller Williams Realty Marysville
Snohomish County Closed Sales
Based on Residential Closed Sales from NWMLS
From Gary Keller’s Vision Speech at Family Reunion 2012
Why is the Market Improving?
1.Historically Low Interest Rates
2.Lower Number of Foreclosures
3.Decreasing Unemployment
4.Affordability of Housing
5.Strong Investor Demand
6.Lack of Inventory
From Survive to THRIVE
From the Book SHIFT
Connect With Me
AntonStetner.comTwitter.com/AntonStetner
Facebook.com/RealEstateSolutionsGroup
YouTube.com/AntonStetner
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