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

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