Employment growth has been positive in all but 24 or of the 164 markets tracked by NAR Research over the 4-quarter period ending in March. This trend indicates that 85% of markets experienced an improvement in employment, which is important for the confidence of potential homebuyers.
The strongest gains were concentrated in markets across Texas, but there have also been gains across the central south and the mountain states. A notable number of markets that experienced a decline in employment over this period were concentrated in the Northeast.
Ken Fears is the Manager of Regional Economics and Housing Finance Policy. He focuses on regional and local market trends found in the Local Market Reports and the Market Watch Reports . He also writes on developments in the mortgage industry and foreclosures.