Economic update For Washington State and the Puget Sound Region

Economic Update Presented by Anton 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 Adjusted Data from US Bureau of Labor Statistics

U.S. Consumer Confidence

Washington Unemployment Rate is 8.3% Unemployment Rate Seasonally Adjusted Data from US Bureau of Labor Statistics

King County Unemployment Rate is 7.1% Unemployment Rate Seasonally Adjusted Data from US Bureau of Labor Statistics

Snohomish County Unemployment Rate is 8.4% Unemployment Rate Seasonally Adjusted Data 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 35,000 Skagit 30,000 Kitsap Thurston 25,000 Snohomish Pierce 20,000 King 15,000 10,000 5,000 0 2011 (Jan.- 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Apr.)Skagit 719 887 904 851 1,018 1,009 807 366 234 200 55Kitsap 1,138 1,229 1,460 1,366 1,611 1,236 1,370 578 388 304 95Thurston 1,479 1,835 2,014 2,253 2,570 3,204 2,603 1,006 1,161 949 283Snohomish 5,396 4,973 5,592 6,164 6,659 5,662 4,853 2,704 2,183 2,126 1,051Pierce 5,734 5,467 5,152 6,026 6,826 6,006 5,132 2,368 2,094 1,898 582King 9,967 10,551 9,857 11,945 12,034 14,075 15,418 10,317 3,220 5,957 1,484 Data courtesy of Chicago Title Insurance Co. Everett

WA State Multi-Family

WA State Single Family Home Prices

WA State Median PriceAll NWMLS Data was use for all of WA State. NWMLS does not cover every part of WA but itdoes 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 InventoriesSchedule for Sale are total number of properties with an Auction Date from a Notice ofTrustees Sale. Bank Owned / REO is total number of foreclosed on Properties.Data from Foreclosureradar.com

King County Foreclosure InventoriesSchedule for Sale are total number of properties with an Auction Date from a Notice ofTrustees Sale. Bank Owned / REO is total number of foreclosed on Properties.Data from Foreclosureradar.com

Snohomish County Foreclosure InventoriesSchedule for Sale are total number of properties with an Auction Date from a Notice ofTrustees 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 Rates2.Lower Number of Foreclosures3.Decreasing Unemployment4.Affordability of Housing5.Strong Investor Demand6.Lack of Inventory

From Survive to THRIVE From the Book SHIFT

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Economic update For Washington State and the Puget Sound Region

by Real Estate Solutions Group on Jul 10, 2012

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Economic update For Washington State and the Puget Sound Region Presentation Transcript

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