The Economy Drives the Market

By
Real Estate Agent with Your Family Realty llc

Wisconsin had it's job creation rankings come out today.  This measures the amount of additional jobs created over one years time.  In this case it measures the time frame from March 2006 to MArch 2007.  While the report deals with national results we will focus on Wisconsin.  The National Report can be found at the Milken Institute.

Among the top performing small cities in Wisconsin were Appleton (87), Eau Claire (93), Wausau (99), La Crosse (138), Fond du Lac (141), Oshkosh-Neenah (145), Janesville (152), Sheboygan (155) and Racine (159).

 In these areas the housing industry has matched last years numbers and continues strong.

The Madison metropolitan area took a tumble in a ranking of job creation in a report issued Wednesday.

The area slipped 60 places in job creation among the 200 largest metropolitan areas, falling to No. 95 from No. 35 in 2005.

The report ranks their ability to create and sustain jobs both long-term over five years and short-term over one year. Four measurements of technology output growth were included because of technology 's role in regional economic growth.

The Madison area ranked higher than the Milwaukee metropolitan area, which was No. 137, up from No. 162 in 2005.

With a GDP decline of 4.2 percent, La Crosse ranked second to last, just ahead of New Orleans among 363 cities. Panama City, Fla., ranked first with growth of 19.4 percent.

For these cities, the housing market has been stable to declining although a few pockets are doing well because of local issues.

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