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Idaho Unemployment Rate and Idaho Real Estate

Posted Monday, March 31, 2008

If you are in the market for a new home, you are most likely considering location to be one of your top factors. Take the location factor to the next level when you consider the state that you have chosen to live in. After all, having a number of career prospects and a growing local economy not only bodes well for you personally, it can have a significant impact on the financial value of your house. You want to live in an area that has ample job opportunity combined with a steady and solid real estate market that will provide protection and stability in a potentially shaky economy. Before you buy a new home in the area, it pays to check the unemployment rate locally.

One of the most stable areas for individual to consider purchasing or selling their home is Idaho. The solid economy here has a number of benefits and factors that contribute to a stronger-than-average housing market. Unaffected by the price booms of places like California and Florida, Idaho has a stronger housing market and an economy of interest to both locals and outsiders looking for a good place to move for their careers. Idahoans that sold their homes in the last quarters saw a stronger financial gain than those suffering from large real estate value losses in the coastal states where property values had risen sharply due to a real estate market inflation.

Currently, Idaho boasts one of the lower unemployment rates in the country. As they say, location is everything and here, Idaho becomes very enticing. With the rise of uncertainty and potential recession looming on our horizon, a low unemployment rate combined with a solid real estate market makes moving to Idaho the wise financial move.

The chances of finding a great job in Idaho are strong, but keeping your job can be even better. With a steady income and plenty of job security, Idaho residents are enjoying a steady market with secure real estate prices, avoiding the stress of the shakier markets in other states nearby. With a low unemployment rate, Idaho residents are able to enjoy less difficulty finding work and paying for their mortgage and bills on time, limiting delinquencies and other financial issues.
If you are looking for a state to find a solid real estate market and low unemployment rate combined, Idaho is worth looking into. You want to be in a state with an unemployment rate lower than the national average, which is currently at around 5 percent. Idaho, on the other hand, has an unemployment rate of 3 percent, tying it for first with South Dakota as one of the best places to live and work in the country. With top industries of trade, utilities and transportation, Idaho’s solid market provides a steady growth rate for the real estate market. The low unemployment rate provides a wall of protection for individuals selling or buying a home in the state.
From this information it is obvious that many cities in Idaho including, Boise, Meridian, Eagle, Kuna, Nampa, Caldwell, Star, Idaho Falls, and many others will continue to do well in the real estate arena. With a great job market Idaho real estate will continue to flourish while the rest of the nations real estate declines.
If you are in the market for a new home in Idaho or have a home in Idaho that you need to sell quickly contact your local home buyer. They buy and sell many homes each month.