What's the most important ingredient of a strong housing market?
Multiple Choice:
What is the most important ingredient of a strong housing market?
1. Super low interest rates
2. Housing supply
3. A robust MLS
4. None of the above
Right answer: None of the Above.
What was missing is the right answer: a job.That is why we were happy to read yesterday that the unemployment rate slipped to 4.7 percent from 4.8 percent, the lowest rate since July 2001.
Manatee County Stats as of June 2005
POPULATION: 293,837
5-YEAR GROWTH RATE: 11.3%
MEDIAN AGE: 43.1 years old
MEDIAN HOUSEHOLD INCOME: $42,185
2004 UNEMPLOYMENT RATE: 4.1 %
MEDIAN HOME PRICE: $316,000
"Job growth from 2001 to 2005 has been the strongest in the southwest corner of the state, led by Manatee County, with a growth rate over that period of 14.8%." (Florida Trend, Economic Yearbook 2005)
Florida is generating jobs at the fifth-fastest rate in the nation and tops in the Southeast. Construction, retail and temporary jobs are multiplying the most, creating pockets of worker shortages in southwestern parts of the state. As a result, the state has the third-best unemployment rate in the United States.
Our Bradenton - Sarasota area is in great demand for people relocating to Florida. We love working in this beautiful market.
What is the most important ingredient of a strong housing market?
1. Super low interest rates
2. Housing supply
3. A robust MLS
4. None of the above
Right answer: None of the Above.
What was missing is the right answer: a job.That is why we were happy to read yesterday that the unemployment rate slipped to 4.7 percent from 4.8 percent, the lowest rate since July 2001.
Manatee County Stats as of June 2005
POPULATION: 293,837
5-YEAR GROWTH RATE: 11.3%
MEDIAN AGE: 43.1 years old
MEDIAN HOUSEHOLD INCOME: $42,185
2004 UNEMPLOYMENT RATE: 4.1 %
MEDIAN HOME PRICE: $316,000
"Job growth from 2001 to 2005 has been the strongest in the southwest corner of the state, led by Manatee County, with a growth rate over that period of 14.8%." (Florida Trend, Economic Yearbook 2005)
Florida is generating jobs at the fifth-fastest rate in the nation and tops in the Southeast. Construction, retail and temporary jobs are multiplying the most, creating pockets of worker shortages in southwestern parts of the state. As a result, the state has the third-best unemployment rate in the United States.
Our Bradenton - Sarasota area is in great demand for people relocating to Florida. We love working in this beautiful market.
posted by Dan Forbes at
8:49 AM
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