Here are two stories on the good news re job creation that were just released by the major news sources in America.
As the stories of positive groth start to keep appearing in the media then the consumer confidence will increase which will lead to more spending on bigger and bigger ticket items which will ultimately create more jobs which will lead to more positive figure. As the momentum about the growing economy increases so will the publics disposition to buying a new or bigger home or to make that leap and accept the new job in Nashville TN.
As the real estate market continues to recover we will probably see some of the traditional market forces coming in to play and that will mean a rise in the interest rates. After all, real estate is not only a way of providing security and sheltor for the home owner but it's a business and the increase in the interest rate creates more wealth for those involved in the lending side.
Heres the message from CNN:
"U.S. employers continued the stronger pace of hiring last month, but the overall job market is not out of the woods yet.
Employers added 227,000 jobs in February, the U.S. Labor Department reported Friday. Meanwhile, the unemployment rate remained at 8.3%.
Economists surveyed earlier by CNNMoney had predicted that 210,000 jobs would be added in the month.
In the last year, the economy has gained about 2 million jobs but still needs about 5.6 million more jobs to return to 2008 levels."
and her is the message from NPR:
"Unemployment Rate Stayed At 8.3 Percent In February
Also, there were 227,000 net jobs added to private and public payrolls last month, the Bureau of Labor Statistics reports."
The Ashton Real Estate Group of RE/MAX Advantage
The #1 Real Estate Team in Tennessee and #4 RE/MAX team in the world!