The Bureau of Labor Statistics recently released its November Employment Situation report which showed an increase in average monthly gains, and a new high for the recovery. Chris Muolo, a senior associate and economist with Auction.com analyzed the report and said “It appears Christmas has come early for commercial and residential real estate. November saw
Obama Administration Tries To Help Unemployed Homeowners
July 11, 2011 by
The Obama administration has just announced a new program which is aimed at keeping unemployed homeowners in their own homes. This new initiative will extend the current allowance of a few months forbearance on mortgages to twelve months. It’s thought that this new scheme could benefit thousands of homeowners, although not everyone will be
Economists Praying For Housing Recovery
June 2, 2011 by
It’s a vicious circle we’re stuck in folks. Home prices won’t go up until there are more jobs, but there won’t be any more jobs around till the housing market recovers. This is a big problem because right now, both the broader economy and housing markets are struggling to get into gear. With hiring losing
