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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: John Vosilla who wrote (1837)7/25/2013 1:59:48 AM
From: tejek  Read Replies (1) of 2722
 
That always happens and doesn't always equate to booming housing markets. No recovery is even across the board. Remember during the peak years of the Reagan boom how Texas was struggling? Now the biggest drops in unemployment year over year were Washington, Florida,West Virginia and South Carolina most of which outside of Seattle and a few coastal areas of FL and SC have very low home prices.

Yes, but we don't have a situation where most of the country is booming and there is just one big state that's lagging.........like TX.did in the 1980s That is not the case now. Rather, we have a few parts of the country that are doing well and the rest are still struggling. I posted the latest unemployment figures for US metro areas. Most metros have an unemployment rate well above 6%.

Another stat........the industrial ute. rate is 'stuck' around 77-78%. By comparison when things are going well, the ute rate is around 84-85%. There is still a lot of slack in this economy.
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