Economics

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Home prices continue to decline in Whatcom County

Part of the supply issue is due to the July slowdown in post-tax-credit sales, said Julia Hansen, an economics professor at Western Washington University. She agreed with Crellin about the importance of jobs.

"Much will depend on the pace of local employment growth, which affects…

2010-09-02
Bellingham fights sales-tax break for Canadians

“The Canadian dollar is strong relative to the U.S. dollar, and a lot of that has to do with the fact that the Canadian economy has weathered the recession a lot better than the U.S. economy,” Paul Storer, who chairs the economics department at Bellingham’s Western Washington University, told…

2010-07-19
Sales-tax break for Canadians at stake in court case

To lure shoppers from British Columbia, DeWaard & Bode, a home-appliance store in Bellingham, touts great prices made lower by a strong Canadian dollar.

DeWaard & Bode appeared to gain another selling point in May when the state Department of…

2010-07-15
Washington state should remedy sales-tax drain from exempt Canadian shoppers

"WHATCOM County officials plan to challenge state government officials' interpretation of existing state law that qualifies British Columbia residents for an exemption from Washington state's sales tax.

At least $3 million and perhaps as much as $5…

2010-06-25
Closing the book on 2009 Whatcom County real estate

"Last year the Whatcom County real estate market posted slower sales and a drop in prices, but a new report provides the nitty-gritty details of what happened.

The 32nd edition of the Whatcom County Real Estate Research Report was recently released, providing an in-depth look at what…

2010-06-21
2009 was tough for Whatcom County retailers, but 2010 may be better

"The numbers are in, and they prove what people already knew: Many Whatcom County retailers took a shellacking in 2009.

Overall retail sales in Whatcom County totaled $2.86 billion last year, the lowest total since 2005. Retail trade, which focuses on items sold in stores, totaled $1…

2010-05-10
Housing and construction economic seminar in Bellingham May 18

"The Building Industry Association of Whatcom County and Northwest Business Monthly will present the Spring 2010 Housing Outlook and Construction Economic Seminar 9:30 a.m. to 1:30 p.m. on Tuesday, May 18.

The event will be held at the BIAWC's office at 1650 Baker Creek Place,…

2010-05-07
Wage stagnation a drag on Whatcom Co. economic recovery

"While looking for signs of an economic recovery, don't expect a sudden uptick in consumer spending anytime soon -- household income has been stagnant at best.

The Washington State Office of Financial Management recently updated its estimates of median household income - the…

2010-04-26
We're Coming Back

"David Nelson, professor of Economics at Western Washington University and president of Study Groups (FRMC Inc.), offered encouraging news, declaring that the financial system has stabilized and that the economy is growing again."

2010-04-15
Many Whatcom County stores see rise in sales during holiday season

"While overall retail sales were down locally at the end of 2009, it appears to have been a decent holiday season for local merchants.

Whatcom County generated $771.5 million in retail sales during the fourth quarter of 2009, a 1.2 percent decline compared to the same period the year…

2010-04-09
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