Thesa Chambers, a central Oregon real estate agent , posted this great link about “Which states will be early risers?” on her Central Oregon Buzz blog. I thought it was a neat little projection about the state economies recovery from the recession.
Moody’s Economy did a projection for when each state is expected to see a rise out of the recession. According to the article, Oregon, Washington, Idaho, Colorado and Texas should be the first states to start seeing some positive numbers. The projection…4th quarter of this year.
This is pretty consistent with the projections from Oregon’s economist as well. California is projected for 3rd quarter 2010. This is pretty consistent with what California buyers that are relocating to the Salem Oregon area are saying. They are also having a harder time understanding that our economy isn’t has hard hit as theirs, despite our 12% unemployment rate.
Anyway…this is potentially good news for Salem Oregon area sellers since, selling your home may get a little easier come next year.