How is our local Real Estate Market? What can we expect for our market for the rest of the year? WHat are the indicators to watch ?
Windermere’s Chief Economist, Matthew Gardner shares his insights in the Gardner Report.
Following a trend that started last fall, job growth in Idaho continues to moderate. The addition of 18,400 new jobs year-over-year represents an annual growth rate of 2.5%. This is to be expected at this point in the economic cycle, but it’s worth noting that the current rate of job growth remains well above the national average of 1.6%.
In May, the state unemployment rate was 2.8%, marginally lower than the 2.9% rate of a year ago. The state remains at full employment, though it is interesting to note that the employment rate remained below 3% even as the labor force rose 2%, suggesting that the economy remains very robust as there are still job openings to accommodate new workers.
How does Idaho compare nationally and what can we expect for the rest of this year?
If you are wondering about the market, you are at the right spot! Because we spend a lot of time digging into the information that will give good insight into our market and how it may effect Real Estate we thought you would find this interesting too!
Did you know Idaho continues to outperform the nation in terms of economic vitality and will continue to do so for the balance of the year?
Also our job growth rate continues to remain moderate. And unemployment remains incredibly low….
All great pieces of information and good news to us! Want to dig into the information a little deeper and find out more about housing. How we are performing in relationship to last year and the counties who are showing growth?
Take a look at what Windermere’s Chief Economist has to say about Idaho. Matthew Gardner shares a lot of great information about our state, here in the Gardner Report.