King County, Seattle, and Bellevue Real Estate Blog

There's no doubt that the U.S. has made a lot of progress since the worst of the recession, but whether or not that success will continue depends heavily on jobs.

The exact same can be said for the Greater Seattle real estate market.

As usual, we get some good news then we get a bit of negative news and it goes on and on like this back and forth. The bad news doesn't bother me so long as there's more good than bad.

So, it is my pleasure to report that the government said initial claims for unemployment benefits fell last week to their lowest levels since early May.

I've grabbed this pleasant quote from Yahoo! Finance:

Hank Smith, chief investment officer of equity at Haverford Investments in Radnor, Pa., said some investors have been worried about a so-called "double-dip" in the economy but that more recent data, including Thursday's jobs report, are a reminder that the recovery is continuing.

"It's hard to see rolling into a double dip," he said.

I like the sound of that!

Posted By: Robert Wasser - King County, Bellevue, and Seattle Real Estate Blog