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.

1. Economic Update
Presented by
Anton Stetner

2. Real GDP Growth

3. US GDP and Employment
Data Normalized to Recession Start 2007 Q4 = 0

4. U.S. Unemployment Rate is 7.9%
Unemployment Rate Seasonally Adjusted
Data from US Bureau of Labor Statistics

5. U.S. Consumer Confidence

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

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

8. Snohomish County Unemployment Rate is 8.4%
Unemployment Rate Seasonally Adjusted
Data from US Bureau of Labor Statistics

9. WA Major Employer - Boeing Orders

10. WA State Employment Recovery

11. WA State Personal Income Recovery

12. WA State Vehicles Sales

13. WA State Housing Permits

14. 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 55
Kitsap 1,138 1,229 1,460 1,366 1,611 1,236 1,370 578 388 304 95
Thurston 1,479 1,835 2,014 2,253 2,570 3,204 2,603 1,006 1,161 949 283
Snohomish 5,396 4,973 5,592 6,164 6,659 5,662 4,853 2,704 2,183 2,126 1,051
Pierce 5,734 5,467 5,152 6,026 6,826 6,006 5,132 2,368 2,094 1,898 582
King 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

15. WA State Multi-Family

16. WA State Single Family Home Prices

17. 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

18. WA State Supply and Demand
Data From Broker Metrics via of Keller Williams Realty Marysville

19. WA State Months of Supply
Data From Broker Metrics via of Keller Williams Realty Marysville

20. 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

21. 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

22. 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

23. King County Months of Supply
Data From Broker Metrics via of Keller Williams Realty Marysville

24. King County Supply and Demand
Data From Broker Metrics via of Keller Williams Realty Marysville

25. King County Closed Sales
Based on Residential Closed Sales from NWMLS

26. Snohomish County Months Supply
Data From Broker Metrics via of Keller Williams Realty Marysville

27. Snohomish County Supply and Demand
Data From Broker Metrics via of Keller Williams Realty Marysville

28. Snohomish County Closed Sales
Based on Residential Closed Sales from NWMLS

29. From Gary Keller’s Vision Speech at Family Reunion 2012

30. 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

31. From Survive to THRIVE
From the Book SHIFT

32. Connect With Me
AntonStetner.com
Twitter.com/AntonStetner
Facebook.com/RealEstateSolutionsGroup
YouTube.com/AntonStetner