Tag Archives: Unemployment
NAR Housing economic Outlook 2011-2012
The National Association of Realtors Economic Outlook is showing some interesting forecasts for 2012. Keep in mind no one has a crystal ball, but the economists go ahead and make forecasts anyhow. The great thing about economists is they are … Continue reading
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Chart of the Day: Housing Starts vs. Unemployed
Sometimes a Picture is worth a thousand words… This one speaks volumes. Linked from Captain Capitalism Related articles Minneapolis St Paul Building Permits and Housing Starts (craigkamman.wordpress.com) Long-term unemployment worsens (csmonitor.com) The Long Dark Tea Time of the Unemployed (martinandrade.wordpress.com) … Continue reading
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Minneapolis/St.Paul MN, Twin Cities Unemployment Rate August 2011 – released 9/28/2011
The Metropolitan Area unemployment rates were released by the St Louis Federal Reserve this evening for August 2011. We know the State of Minnesota held at 7.2% unemployment rate for August, but now we can see how our local real … Continue reading
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Operation Twist, and our housing market: Pretzel Logic
Here we go again.. Operation Twist has been launched by the Federal Reserve. The idea is the Federal Reserve will buy long-term T-Bills, $400 billion worth. The theory is it will lower the long-term interest rates. This is also supposed to give banks … Continue reading
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MN Adds 5,800 jobs in August – Unemployment Rate unchanged
Ever wonder how you can add employment and yet the unemployment rate stays the same? It always seems like “fuzzy” math to me… But then again, I am no economist – I am only looking into the employment situation because this … Continue reading
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Households Doubling Up, this is the “pent-up demand” for housing.
The “pent-up demand” for housing is stuck right now with high unemployment. If we can get jobs creation going, allowing the younger age group to move out and create new households, the housing market will start to hum along. These … Continue reading
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NAHB/First American Improving Markets Index (IMI) 9/07/2011
The National Association of Home Builders has started a new data series called the NAHB/First American Improving Markets Index (IMI). This is new so there is not a detailed history to get much perspective. They did however identify 12 areas … Continue reading
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Minnesota Unemployment Claims decreased: Sept 09, 2011
This is good news, Minnesota Unemployment Claims decreased for August. We need to take this in baby steps, and enjoy little successes here and there until we get to the point of growing jobs again… More jobs = more qualified … Continue reading
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Minnesota could lose 2,767 medical device jobs because of a Medical Device Tax
There are 2 problems with our local real estate market, well make that three. 1) the housing downturn nationally (no housing market escaped this) 2) Un-employment (some areas are harder hit than others) 3) Financing regulations, underwriting standards and burdensome … Continue reading
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Twin Cities Real Estate Market Pent up Demand
We have all heard about the “pent up demand” for housing. What exactly is that? Quite simply, it is the younger generation that have not been able to enter the workforce because 14.9% unemployment rate and underemployment. It is possible … Continue reading
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