The July 2016 Economic Index Is IN

Here’s the latest from Dr. Eshcker and the crew.  Not much change this month. Unemployment is up a bit. “California gas prices decreased from $2.91 to $2.73.  Northern California’s average also fell to $2l84 from $2.93, and Eurekas average  gas price per gallon fell from $2.96 to $2.74.”

Read the whole report HERE.

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The JUNE ECONOMIC INDEX is IN

The June Economic Index for the Co, thanks to to  Dr Eschker and the folks at HSU. 

As they summarize it, “The Composite Index fell 1.4 points from last month’s value of 107.9 to the current value of 106.5. The Hospitality Index climbed over the past month, while the Home Sales, Retail Sales, and Employment Indices declined. The median home price decreased to $270,000. Leading Indicators are mostly rising in May. The seasonally adjusted unemployment rate in Humboldt County decreased from 4.6 percent to 4.4 percent. ”  

Read the whole report HERE.

The January Economic Index Is In

Dr Eschker’s hard-working team reports that “The Monthly Foreclosures data in Humboldt County have been updated. There is a decrease in both Notices of Default and Trustee Deeds since our last update and since their peak after the housing bubble burst. These measures of foreclosure are at or near long run averages, which is an indication that the county housing market has bottomed out.”

Read the full report HERE.

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The December 2015 Economic Index Is In

The good people on Dr Eschker’s team at HSU have published last month’s economic Index for Humboldt , which can be read HERE.

Mortgage rates are slightly up, from 4.00 to 4.125 ( 30-year rate) and average home values were up a bit, from $255K to $285K and yes, gas is up a little. Unemployment in the County is steady at 5.7%, slightly higher than the national rate of 5%. Enjoy!

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The November HSU Economic Index Is In

The latest picture of our economic health can be found HERE.  Mortgage rates are up, median homes prices are down.  Gas prices also down, to $2.70 statewide and $2.64 in Eureka.  Anyone else old enough to remember the first gas crisis, in the ’70’s when we were complaining about 39¢ a gallon?

As always, our thanks to Dr. Eschker and his hardworking crew.

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The August HSU Economic Index Is In

The August Economic Index as developed by Dr. Escher and his team at HSU is in, and we should recognize the folks who make it possible. the Index is sponsored by the California State and Federal Credit Union, Coast Central Credit Union, Redwood Capital Bank and Umpqua Bank.

Highlights:

“We have suspended the Lumber Manufacturing Index until we can obtain a sufficient number of data providers.”

“The Home Sales Index increased over the previous month, while all other indices fell or stayed the same.”

“30-year mortgage rates in Humboldt County have decreased from 4.125 percent to 4 percent, while the median home price rose from $269,500 to $271,500.”

“Northern California’s average price fell from $3.52 per gallon to $3.33 per gallon, and Eureka’s average gas price fell from $3.63 per gallon to $3.17 per gallon.”

Wow, I sure missed that last one! Click HERE for the Index, and have fun!

The June Economic Index From HSU Is In -Home Prices Up

The Economic Index for June is in and again we thank Dr. Escher and his hardworking associates.  This month’s Index represents a milestone of sorts since the Lumber Manufacturing Index has been suspended “until we can find a sufficient number of data providers”.  Pretty sad when you consider the many years in which timber was king around here.   The Home Sales and Hospitality Indices are up, as you would expect during the summer,  bur Retail sales and Employment are down,  which you would NOT expect. Take a look at their Gas Prices graph and tell me demand isn’t 90% of the picture. 

Enjoy!

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