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Archive for February, 2012

Most Interesting Real Estate News ~ 2/25/2012:

February 25th, 2012 No comments

Most Interesting Real Estate News ~ 2/18/2012:

February 18th, 2012 No comments

Most Interesting Real Estate News ~ 2/11/2012:

February 11th, 2012 No comments

This Month In Real Estate February 2012

February 9th, 2012 No comments

Market Trends February 2012

February 9th, 2012 No comments

2012 is off to a promising start. Mortgage rates continue to drop and have remained under 4% for nearly two months. Home sales are strengthening and pending home sales, a measure to gauge future sales, are at their highest levels since March 2010.

Job growth has been increasing for most of 2011, with unemployment dropping to 8.4%. As more people are getting jobs, consumer confidence has also been increasing. However, underemployment continues to be a problem for a stronger recovery. The underemployment rate is 18.1%, and there are still a significant number of people working part time, who would like to have full-time work.

Even with substantial national improvements, this continues to be a “one neighborhood at a time” recovery. Payroll jobs were up in 25 states, but down in 24, demonstrating the delicate state of the U.S. economy. Global factors such as the European debt crisis are also complicating a more robust recovery. Strong guidance is needed from local and global leaders to continue this growth, as well as allow for business to maintain momentum toward building and expanding upon the opportunities that exist.

Sources: Bureau of Labor Statistics, National Association of Realtors

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