Unemployment on the rise..

Unemployment on the rise..

As if there is not enough problems on the horizon with short sales ,foreclosures, people relocating from one state to another it was just released that the unemployment rate has risen to 5%. The largest increase in the past 2 years. Fueled with a barrel of oil costing 100.00 this country could be sliding into a recession. We look around in this industry and see our fellow realtors who’ve left our ranks and some of them have not been able to find steady jobs either. Employers (in the private as well as public sector) are afraid of hiring new people. With the recent sub prime mess that hasn’t helped either.

So we may ask ourselves when will this spiral effect stop. It’s anyone’s guess in my estimation. Who do we turn to to get the ball rolling again? Can we rely on the government to get us out of this mess? Is it prudent sense to lower taxes to stimulate the economy? There are so many questions but where are the answers. What can we do as an industry to get the ball rolling again. It has to start somewhere.

I don’t have the answers but trust me I have a lot of questions. We as a country need to know what direction the state of the economy is because it affects us all. We have seen what is has done to real estate sales. There are several markets across the country that have gone completely flat. We’ve seen interest rates on home loans decrease to try and stimulate people into buying property. Every little bit helps. I tell my clients and customers with all the gloom that is around us it’s still a great time to buy a home.

http://ap.google.com/article/ALeqM5jsanM66tszKz1zFq0LOG4XvWS7zAD8TVB0QG0

For all your real estate needs call:

Robert L Brown

Five Star Real Estate

616 366 7030

www.mrbrownsellsgr.com