- Employment is important for making a home purchase and job loss is one of the main triggers of foreclosure. Rising employment helps to build consumer confidence and to ameliorate distress among homeowners.
- Over the 12-month period ending in October, North Dakota experienced one of the strongest increases in employment driven by a boom in gas exploration. However, gains were also experienced in the Southeast, Spartanburg and Florence, as well as in the West.
- Markets in Texas weathered both the economic and housing storm well and continue to do so as evidence by strong 12-month gains in Abilene, Austin and Houston.
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