Job Recovery… slow, slow, very slow.

The good news is that nearly 600,000 private-sector jobs have emerged the first half of this year. The bad news is that job growth is a sloooow process. The worst news is that almost half of the currently unemployed (45.5%) have been without a job for six months or more. The GREAT DEPRESSION, which according to economists …

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Can housing stand on its own two feet?

… That is, without the benefit of the $8000 Homebuyer Tax Credit? According to Harvard’s Joint Center for Housing Studies latest report, the prognosis is doubtful at best. Why? Because the key to a housing market recovery is jobs, jobs, and more jobs… and, national employment growth remains tepid at best. For those Americans with jobs, we …

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Mortgage Activity Mostly for REFIs

Mortgages are cheaper now than they have been in a half-century…

Buyers Get Picky in US Housing Market

The quest for a ‘house-perfect’ is on! The reality of today’s real estate market is a total flip-flop of roles from those boom years of competing bids and buyers wooing sellers.  The New York Times reports that these ‘post-boom days’ more commonly see “…buyers, who must have learned their moves from the World Wrestling Federation, …coldly seeking the absolute …

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