I have a guest post up today entitled “Is unemployment tied to Sacramento real estate” on Sacramento Real Estate Voice. Thank you Gena Riede for inviting me to post. Go check it out and give it some love. The post really focuses on sales and unemployment rates over the past few years in the Sacramento area and takes a specific look at Folsom, Galt, Rancho Cordova & North Highlands. Here is an example graph from the post. It’s amazing to me to see figures like this.

Visit my guest post HERE. Thanks so much.

If you have any questions, or real estate appraisal or property tax appeal needs in the Greater Sacramento Region, contact Lundquist Appraisal by phone 916-595-3735, email, Facebook or subscribe to posts by email.

Here are the latest unemployment rates for all cities and CDPs in Placer County as of September 2010 per EDD. For reference, the unemployment rate in Placer County in Sepetember2009 was 10.9% (as opposed to 11.5% in September 2010). It’s not a surprise to see an increase in umeployment over the past year since that is happening all over the Sacramento Region.

It’ll be interesting to see if there is an increase in unemployment in the Roseville area next month in light of the Gallteria mall burning last week. This of course assumes companies will not be able to provide work for employees over the next few months as the mall is rehabbed and also that employees live locally in Rosevile and Rocklin. It’s reported, for instance, that Macy’s will relocate their Galleria employees until the work has been completed, but there is nothing definitive yet about what Nordstrom will do. In the mean time too there is a “Keep Shopping in Roseville” page on Facebook.

Do you know anyone that works at the Galleria Mall? How have various employers and employees handled the situation thus far?

What are the latest unemployment figures for San Joaquin County and El Dorado County? Below you will find the latest rates for all cities and CDPs from October 2009 based on information provided by EDD. Unemployment rates for Sacramento County & Placer County, and Yolo County, Solano County & Merced County are also available. These are all areas I appraise in, so I keep a close eye on unemployment each month.

It’s interesting to hear so much on the news about how the economy is improving, yet one glance at unemployment seems to indicate that things are not so hot. Or is that just me?

www.SacramentoAppraisalBlog.com Unemployment Rates in El Dorado County & San Joaquin County