A few days ago the Wall Street Journal released an article entitled “Mortgage Delinquencies Hit Three Year Low”, in which they discussed this positive trend; however they seem to have brushed over several issues which are worth discussing further in detail.
It is a “No Brainer” that employment fuels the housing market, but just how correlated they are is almost shocking!
When the unemployment rate is high, consumer spending is less. As of March there has been an addition of 162,000 new payroll jobs. Compared to the past three years every month thousands of jobs were lost. Definitely purchasing a home is not on the individuals priority list, their main goal is making it through the […]
