Whether comparing the Current Conditions Index month-to-month growth, August to September, or its year-over-year third quarter growth, 2009 to 2010, the Index rose slightly. Although this isn’t great news, it indicates some stability in the current local economy and provides a much more positive picture than the 15 consecutive months of loss in 2008 and 2009. The indicator inhibiting Index growth the most is the seasonally adjusted number of home sales, which decreased 41.6 percent from second to third quarter this year and 33.7 percent from third quarter 2009. View the full third quarter Index report.

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