Unemployment Hits 10.8%
Monday, March 16, 2009
The numbers are out today. Oregon unemployment numbers hit the 10.8% figure. Portland metro is better off than several of the Central Oregon counties hitting 12 to 15% unemployment but this will affect the Mt. Hood area for sales. Less familes qualify for mortgages. Fewer buyers are in the market and it makes it harder to sell homes because we will be seeing more foreclosures due to unemployment.
Current inventory is at 143 properties for sale. Lets hope this stimulus plan gets stimulating soon so we can get this economy heading in the right direction.