Are Trends In Jackson Hole Applicable To Other Western Towns?
By Jonathan Schechter, 1-09-07 What might 2007 hold for the local Jackson Hole economy? From a macroeconomic perspective, no dramatic changes seem to be in the offing for 2007: The Middle East will remain a mess, neither energy prices nor demand will vary much, manufacturing will continue to boom in Asian countries, and little of substance will change in Washington. As a result, most of the macroeconomic forces affecting Jackson Hole will continue apace. How will this affect particular segments of the local economy? With one big exception, it means more of the same. Due to supply and demand, the Jackson Hole real estate market should continue to be hallmarked by 2006’s three basic qualities: higher prices, fewer sales and similar total dollar volume. Once again, by not having a real estate transfer tax, the community will leave a ton of money on the table; once again, huge sales prices will induce large numbers of Realtor-wannabes to enter into the trade; once again, as more Realtors p
