Jobs Down, Home Inventories Up, What Else Is New?



December’s dismal jobs numbers combined with an overall increase in home inventories paints a pretty grim picture for the start of 2011. Experts expectations have not been met for months, and still media and the industry is all too often overly positive in their forecasting and evaluation of the situation. Without good jobs, jobs that help pay mortgages, no market will be emerging this year or any year from the greatest recession in 80 years.

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