Tacoma, Washington was hit harder than most cities in the state with the Great Recession, but there are signs it is making a comeback. The first indication was that unemployment for Pierce County was down to 6.9 percent this past May. While this number may seem high, at its peak the unemployment rate was over 10 percent. State Farm Insurance recently came to town and with them came the creation of 1,300 jobs while Boeing just secured 1,700 positions at Frederickson in order to build the composite tail for the 777X. From 2010 to 2013, Pierce County also grew by 3 percent. Even though this growth is below the state level, it is a sign that the economy is heading in the right direction. It is slow and steady economic improvement which is similar to the way the national economy is recovering. The area still has low housing prices and a busy real estate industry, which means if you are in the market for a new home, give us a call so we can help.
Tacoma is bouncing back!
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Our agents write often to give you the latest insights on owning a home or property in the local area.