Dr. Erick Escher and his talented crew at HSU have published the Humboldt Economic Index for February and the indicators are certainly mixed, although that’s not unusual in a small market like ours. Homes sales declined by 40% since last month (and are 35% lower than last year at this time) yet the median price of homes sold rose from $247K to $280K. This would apparently mean that higher-end homes are moving faster. Also, look for gas prices to rise further in March. Anyway, enjoy the Index. It’s always fascinating.
Let’s send a shout out also to the sponsors of the Index: the California State Employees Credit Union, Coast Central Credit Union, Umpqua Bank, RREDC and Redwood Capital Bank.