Real Estate NewsMarket Conditions
What is the climate of your local economy? Now could be the time to see how your market is faring.
Experts have long touted that you can predict a local market"s housing on the state of the local economy. Where the jobs go -- so goes the housing.
National reports are now indicating that jobless claims have reached a 16 year high. This figures comes from the Labor Department.
The New York Times reports that many experts "already expect unemployment to reach 7 percent by early next year and 8 percent by the end of 2009."
The Federal Reserve projects the rate could be even as high as 7.6 percent next year.
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