This week my favorite Jackson Hole economist, Jonathan Schechter, completes his three-part series on why the local economy has hit bottom with a look at taxable sales. While not nearly as fascinating (to me at least) as his analysis of real estate sales and inches of classified ads in the local newspapers, this week’s article also is a must read. (Unfortunately the Jackson Hole News&Guide...
Jackson Hole News&Guide
He correctly predicted real estate sales in Teton County, Wyoming, would hit bottom during the fourth quarter of 2009. In his most recent column in the Jackson Hole News&Guide, Jonathan Schechter hypothesizes the overall local economy hit bottom in recent weeks. “The bleeding has been stanched,” writes Schechter, an economist who writes biweekly. As I’ve written before, Schechter is a must read...
While perusing the Internet and scanning my Google News Alerts for the latest regional real estate news, I noticed a trend in the message last week: Current prices significantly lower than the recent market highs + historically low interest rates + tax credits for real estate purchases = a stronger real estate market in 2010. For example, see this story in last week’s Jackson Hole News&Guide,...
The lead story in this Wednesday’s Jackson Hole News&Guide outlines the details surrounding one of Teton County’s highest profile potential foreclosures – the Davies-Reid building on the northwest corner of Town Square. Today’s Jackson Hole Daily follows up with news that the foreclosure, set for Dec. 29 with an opening bid of $2.76 million, has been postponed until no later than Jan. 31,...