The State of Housing & Employment: Cautionary Tales

President Barack Obama, just over a week ago, asked banks to reduce the red tape associated with reducing mortgage payments for some homeowners. For those who could benefit from drastically reduced interest rates, Obama pleaded his case for his plan to help the industry. Meanwhile, so called economic experts quibble over solutions. Obama and his advisers say Real Estate is “the way” to growing the American economy – but what about manufacturing and good paying jobs?

Real Estate Market Forecasts: Are They Inflated?

One economist warns investors of putting too much confidence in the real estate market just yet. One of the world’s top portfolio experts, David Rosenberg, says the market is still too mercurial being propped up by government incentives. He warns that the economy and Wall Street are far too dependent still no what happens with the housing market. Are some experts inflating expectations? Without a recovered job situation, there is no chance for the housing situation in the long term.

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