MoCoRealEstate
Metro D.C. Unemployment Up in 2009
July 7th, 2009 Categories: Market Updates
A strong job market is essential for a healthy real estate market. The metro D.C. area continues to have the lowest unemployment of the largest 15 metropolitan areas in the U.S. Compared to unemployment in November, however, the stats show that we’re not immune to job losses experienced throughout the country.
A higher jobless rate can drive up the rate of foreclosures. And, with fewer jobs we see fewer job relocations which reduce the number of new home buyers coming into the area .
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