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San Joaquin County Hits 15% Unemployment Rate for May 2009

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I was running some data today in various counties and wanted to share a bit here. The figures below are based upon information provided by the Employment Development Department. Since I do appraisals in multiple counties surrounding the Sacramento Region, it is very important for me to know understand real estate markets as well as possible. In appraisal jargon, knowing a local market is called ”geographic competency”.

In my mind, part of being in touch with a local market is to keep tabs on unemployment. Could the unemployment rate for a city be an indicator of the overall health of a local community sometimes? Or could rising unemployment impact housing prices and values? What else can unemployment rates tell us? What do you think?

sealJuly 2009 Unemployment in San Joaquin County:

  • Stockton:  19.2%
  • Lathrop:  11.3%
  • French Camp:  48.7%
  • Manteca:  14.0%
  • Ripon:  9.6%
  • Tracy:  10.1%
  • San Joaquin County Overall Unemployment Rate:  16.0%

solano_countyJuly 2009 Unemployment in Solano County:

  • Dixon:  9.2%
  • Fairfield:  12.6%
  • Green Valley CDP:  10.5%
  • Suisun City:  11.9%
  • Vacaville:  8.6%
  • Vallejo:  14.2%
  • Solano County Overall Unemployment Rate:  11.5%

Please let me know if you have any questions about the data above or any other cities or Census Designated Places that were not listed above. The lists are not exhaustive for every city and CDP in the respective counties. You are welcome to contact me at 916-595-3735 or info@lundquistcompany.com.

www.SacramentoAppraisalBlog.com San Joaquin County Hits 15% Unemployment Rate for May 2009

882 Pictures from my Bike (Rancho Cordova)

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I have been thinking of doing a little photography / biking experiment for the past couple of weeks, and yesterday I made it happen. I set out to snap some pictures from my bike (and then make a video out of it). I manually took 882 photos while holding a small Canon SD300 in my hands. You can see the video below or HERE directly.

I rode through the trails surrounding the “Stone Creek” neighborhood in Rancho Cordova and then I headed North on Kilgore to International. I then cut through the “Capital Village” neighborhood in Rancho Cordova on the way back to my truck in the parking lot of CVS Pharmacy.

This was a little experiment and I’m glad I did it. There is definitely some room for improvement in methodology, so keep in mind that this was a first stab. I’m not a photographer by any stretch of the imagination, but just a guy who loves to ride throughout my home town.

www.SacramentoAppraisalBlog.com 882 Pictures from my Bike (Rancho Cordova)

Unemployment Rates in Sacramento County Over the Past Three Months: May, June & July 2009

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edd_logoHere are the most recent figures for unemployment in Sacramento County as of July 2009 per the Employment Development Department. The figures below consider both cities and Census Designated Places (CDP) for July 2009 (also compared with May and June 2009). Data for August 2009 has not yet been released (wait about one month for that). 

As of July 2009, Sacramento County as a whole has an unemployment rate of 12.0% ( June was 11.6% and May 2009 was 11.1%). The State of California has an 11.9% unemployment rate (up from 11.6% in May & June 2009). I also posted data for Placer County HERE in case that is of interest to you.

What do you notice about the data below? Does anything stand out to you or surprise you?

Arden Arcade CDP  11.7%  (June 2009 11.4%)  (May 2009 was 10.8%)

Carmichael CDP  8.9%  (June 2009 8.7%)  ( May 2009 was 8.2%)

Citrus Heights city  8.5%  (June 2009 8.3%)  ( May 2009 was 7.8%)

Elk Grove CDP  9.8%  (June 2009 9.6%)  (May 2009 was 9.0%)

Fair Oaks CDP  6.7%  (June 2009 6.6%)  (May 2009 was 6.2%)

Florin CDP  17.9  (June 2009 17.6%)  (May 2009 was 16.7%)

Folsom city  5.5%  (June 2009 5.4%)  (May 2009 was 5.1%)

Foothill Farms CDP  15.3%  (June 2009 15.0%)  (May 2009 was 14.2%)

Galt city  18.1%  (June 2009 17.8%)  (May 2009 was 16.9%)

Gold River CDP  2.0%  (June 2009 2.0%)  (May 2009 was 1.9%)

Isleton city  12.9%  (June 2009 12.5%)  (May 2009 was 11.8%)

La Riviera CDP  6.6%  (June 2009 6.5%)  (May 2009 was 6.1%)

Laguna CDP  6.2%  (June 2009 6.1%)  (May 2009 was 5.8%)

Laguna West Lakeside CDP  8.1%  (June 2009 8.0%)  (May 2009 was 7.5%)

North Highlands CDP  17.6%  (June 2009 17.3%)  (May 2009 was 16.4%)

Orangevale CDP  8.6%  (June 2009 8.5%)  (May 2009 was 8.0%)

Parkway South Sacramento CDP  20.0%  (June 2009 19.7%)  (May 2009 was 18.7%)

Rancho Cordova City  13.8%  (June 2009 13.5%)  (May 2009 was 12.8%)

Rancho Murieta CDP  3.7%  (June 2009 3.7%)  (May 2009 was 3.5%)

Rio Linda CDP  17.5%  (June 2009 17.2%)  (May 2009 was 16.3%)

Rosemont CDP  9.5%  (June 2009 9.3%)  (May 2009 was 8.8%)

Sacramento city  14.1%  (June 2009 13.8%)  (May 2009 was 13.1%)

Vineyard CDP  5.6%  (June 2009 5.5%)  (May 2009 was 5.2%)

Walnut Grove CDP  26.2%  (June 2009 25.6%)  (May 2009 was 24.5%)

Wilton CDP  7.4%  (June 2009 7.2%)  (May 2009 was 6.8%)

As you can see, the only city or CDP (Census Designated Place) above that was without an increase in overall unemployment numbers from June to July 2009 was Gold River. If there was a prize for lowest unemployment rate in Sacramento County, Gold River would be the winner at 2.0%. On the other end of the spectrum, Walnut Grove has the highest unemployment rate in Sacramento County at 26.2%.

Let me know if you have any questions about the latest figures and how unemployment impacts the local real estate market. You are welcome to call 916-595-3735 or visit our company website at www.lundquistcompany.com

www.SacramentoAppraisalBlog.com Unemployment Rates in Sacramento County Over the Past Three Months: May, June & July 2009

Unemployment Rates in Placer County Over the Past Three Months: May 2009, June 2009 & July 2009

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EDD_logo2Here are the most recent figures for unemployment in Placer County as of July 2009 per the Employment Development Department. The figures below consider both cities and Census Designated Places (CDP). Placer County as a whole has an unemployment rate of 11.4% (11.4% in June 2009 and 10.9% in May 2009). For reference, Sacramento County’s July unemployment rate is 12.0% (11.6% in June 2009 and 11.1% in May 2009).

It’s interesting to note that while the unemployment rate in Placer County went up in every city and CDP from May to June 2009, we see that 10 of 14 cities/places below had no change at all from June 2009 to July 2009. I also posted some data for Sacramento County HERE. 

Auburn city  9.5%  (June 2009 9.4%)  (9.0% in May 2009)

Colfax city  15.2%  (June 2009 15.2%)  (14.5% in May 2009)

Dollar Point CDP  13.5%  (June 2009 13.5%)  (12.9% in May 2009)

Foresthill CDP  17.4%  (June 2009 17.3%)  (16.7% in May 2009)

Granite Bay CDP  7.7%  (June 2009 7.7%)  (7.3% in May 2009)

Kings Beach CDP  11.2%  (June 2009 11.1%)  (10.6% in May 2009)

Lincoln city  20.1%  (June 2009 20.0%)  (19.3% in May 2009)

Loomis town  7.2%  (June 2009 7.2%)  (6.9% in May 2009)

Meadow Vista CDP  11.0%  (June 2009 11.0%)  (10.5% in May 2009)

North Auburn CDP  14.6%  (June 2009 14.6%)  (14.0% in May 2009)

Rocklin city  7.9%  (June 2009 7.9%)  (7.5% in May 2009)

Roseville city  11.4%  (June 2009 11.4%)  (10.9% in May 2009)

Sunnyside Tahoe City CDP  11.5%  (June 2009 11.5%)  (11.0% in May 2009)

Tahoe Vista CDP  17.8%  (June 2009 17.8%)  (17.1% in May 2009)

Feel free to give me a call at 916-595-3735 or shoot me an email at info@lundquistcompany.com if you have any questions about the figures above, the impact of unemployment on the real estate market or any potential real estate appraisal needs. Figures for August 2009 have not yet been released by EDD, but I’ll put up another post very soon when the data becomes available.

www.SacramentoAppraisalBlog.com Unemployment Rates in Placer County Over the Past Three Months: May 2009, June 2009 & July 2009

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