Month: March 2011

Why there IS a Double dip in housing

Posted on March 23, 2011 by - Local Michigan

Sales of new homes dropped 17 percent in February following another big drop in January.   This combined with a reported low level of mortgage purchase applications clearly spells out a Double Dip in the housing market.  The question is not if there will be a double dip, the question is when will it end. With… Read more »

No Housing Rebound Expected until 2012

Posted on March 14, 2011 by - Local Michigan

During more traditional times sellers may welcome the Spring as a time when they start receiving more activity on their home.  It seems that once the snow starts melting home buyer’s start to heat up their desire to buy their dream home and sellers are the beneficiary.  Last year, homeowners had the benefit of this Spring time home buying season… Read more »

Jobs Reports Reflect Lowest Unemployment Rate in 2 Years

Posted on March 4, 2011 by - Local Michigan

Three months in a row we have seen the unemployment rate drop for us non-farm payrolls.  According to this morning’s jobs report we are now under 9% unemployment rates at 8.9%.  Employers added 192,000 jobs in the last month alone with manufacturing, business, education and healthcare.  This is the lowest unemployment rate since April of… Read more »