Existing home sales came in at a whopping 6,850,000, beating estimates with the highest print since 2006. Days on market fell from 36 days to 21 days on a year-over-year basis. Cash buyers remain at
Oregons Economy Gains Steam
Dated: March 12 2014
That's according to the University of Oregon's December Index of Economic Indicators, which pegged to rate of growth statewide at 0.37 and the three-month average, which helps smooth month-to-month volatility, at 0.17. Zero equals the average growth rate between 1990 and the present.
Most major economic indicators were trending in a positive direction. The exception was unemployment claims, which rose in December, though, according to Tim Duy, director of the Oregon Economic Forum at UO, claims remain at a level consistent with statewide job growth.
Among the data included in the December index:
- Initial unemployment claims rose to 6,444 from 5,610.
- Employment services payrolls rose to 34,822 from 34,494.
- Residential building permits dropped to 1,089 from 1,119.
- U.S. consumer confidence dropped to 78.1 from 78.6.
For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....
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