Real Estate Market Confirms Slow Economic Recovery
May 21, 2012
Tracking the economy as it theoretically recovers from the recession is a tricky process. Jobless rates, consumer spending, home prices, imports and exports – each number can give a different report of what the economy is like, from sunny to downright pessimistic. University of Oregon professor of economics Tim Duy puts together an index, the UO Index of Economic Indicators, that pieces together these numbers to give an overall picture of how the economy is doing. His most recent report, released this week, says that Oregon’s economy is continuing to grow, slowly but steadily, in 2012. The index rose 3.6% as of March this year, and consumer sentiment is one of the indicators largely responsible for this gain, according to...
