More Confusing and Contradictory Reports about Oregon
In contrast to the last national news article that we wrote about, at least one writer thinks Oregon is positioned for a rebound. A new report from Moody's Economy.com and msnbc.com states that Oregon is one of 5 states that is well positioned for a job recovery in the last quarter of 2009. This is well ahead of the projections for the other 45 states, and this is mainly due to the high-tech industry centered in the Portland Metro area. There has been less spending throughout 2008 and 2009 in high-tech, and the expectation is that businesses on the sidelines of needing to upgrade their technology will be coming back into the arena with their dollars. The Silicon Forest is ready and waiting for those funds, and will respond in kind with new jobs and new opportunities. With our unemployment currently at 12.2%, this is welcome news! However, with all this confusing speculation in the media, what's the best way to make sense of the market? This is another reason to be certain that you are working with Realtors like us who are thriving in the local market and know the great opportunities right here in our community.
Written by: Nick Shivers
http://www.msnbc.msn.com/id/30991972/
Wednesday, July 15, 2009
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