Monday, December 12, 2011

New report shows housing and unemployment go hand in hand

While it has been conjectured for decades that there is a correlation between housing builds, prices, and growth and employment in the US, a new report shows just how strong that correlation is.

Additionally, as the FED has kept interest rates (mortgage rates low), home sales have not increased, and in fact have fallen because unemployment has increased.

So... with the FED mandates of employment and controlling inflation thrown out the window since 2007, do not expect housing prices or sales to increase anytime soon, as the Fed is lost in the wilderness on how to improve both.


Post a Comment