The 3 Elements Needed To Sustain The Recovery.

There’s an eerie cloud hanging over the global markets. Much of the concern comes from global news that reeks of an economic slowdown or worse. Generally, I have an optimistic outlook, but something is just not sitting right. The view comes from a general outlook of the economy. I am no economist, just a citizen with views. Aside, from all the things going on globally, there are items on the home front that should be addressed. 

 Unemployment: is said to be around 8.9%, which we all know is more like 12-15%. This people are spending less not adding to the overall growth of the economy. Not to mention, they are less likely to purchase a home.

 Housing: There is a surplus of inventory on the market. We recently, reported median home sales are down again. Owning a home has lost its mystique. The once great return of your investment is no longer. Why would you want to own a overpriced home? Prices are still priced too high due to the over inflated real estate bubble. Not to mention taxes (you know what I mean if you live in New Jersey). We will continue to see price declines over the next 2-5 years if we are unable to bring down inventory.


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