Real Estate Trends in Media PA

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Tuesday, December 8, 2009

Labor reports and some ways that they influence real estate

Labor department reports that 11,000 jobs were lost in November. Some expected 125,000 jobs to be lost. Chart below shows least number of jobs lost since December of 2007. Unemployment Rate has improved to 10.0% from expected 10.2%

This is actually not a favorable news for Bonds, unlike stocks, therefore the home loan rates are worsening overall.

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