Job Report
The very weak job report that came out this morning (no job growth in private sector in February, 21k in government sector; Dec, Jan numbers revised downwards) could indicate increased foreclosures at least in some areas, but it will keep Fed on the sidelines for about another year.
Any thoughts on the implications of high rate of unemployment and low interest rates? How would a pro use this environment in terms of REI?
Some markets are beginning to stableize. You will be seeing house prices drop 1-2% over the next few years. As prices drop, interest rates rise. Because of this, you will be seeing more foreclosures in certain areas. Massachusetts is one.
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