February Economic Index-Good News, Bad News

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.

 

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