Let’s consider unemployment and the “hot” real estate market. This is a screencast where I talk through the most recent jobless figures from March 2013 by quickly showing five graphs of unemployment trends in the United States, California and Sacramento County. It’s especially good for real estate professionals to know this stuff because it makes us resourceful to clients. It’s also interesting to consider the relationship between jobs and property value too. Moreover, when we see how high unemployment still is, this underscores how a real estate market isn’t always driven by the local economy. Sometimes external forces such as interest rates and investor activity can really drive prices, right?
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