New Unemployment Data Suggests Good News for Homebuyers says CLRSearch
Palm Coast, FL—Statistics released in December 2011 from the Bureau of Labor Statistics indicate that with the addition of 200,000 nonfarm jobs, the unemployment rate fell to 8.5%. This is down from the 9.1% unemployment rate in August. CLRSearch, a real estate search engine, suggests that this new information could translate into an increased demand in the real estate market from home buyers.
The largest gains in employment were made in transportation, retail trade, manufacturing, health care and mining. CLRSearch points out that this can mean that hubs of these industries, like the Midwest will likely see an increase in potential real estate sale opportunities. They project that these new numbers are just the beginning of the trend.