In the second quarter, 3,735 jobs were added to the payrolls of Milwaukee County. As a result of these new jobs, the average monthly unemployment rate fell from 9% during the first quarter to 8.7% for the second quarter. This steady job creation will help buyer confidence and fuel home purchases down the road. Mortgage rates near 5% should support this trend.
For the complete report, visit: http://www.mlswis.com/sites/default/files/reports/EconomicMarketwatch/2011/metromlsq2_2011.pdfÂ
Source: MLS Multiple Listing Service, Economic and Market Watch Report, 2nd Quarter, 2011