Real Estate Values – Jobless claims affecting Property Values – RealEstateMarketingThisWeek.com

realestatemarketingthisweek.com – Is the Media hype about jobless claims helping to push down property values? – Part 3 – Now we were talking in the previous segments about the current economy and the pitfalls. Let’s talk about that more deeply, these jobs numbers. What should we make of this? You know, its an interesting point, I keep hearing the media spin that this is the next Great Depression, talking about bread and soup lines and free government cheese and all that kind of stuff. That is absurd to me. The actual jobless number that was reported before the end of November for the past month reached a higher level for us as a country of 6.7%. There were 530000 jobs lost during that month, but when you put that in the context of the 6.7% onto other historic recessions that number is still quite low. Yes it’s tough, I get that, but we were riding high for so long that we tend to forget that and think this is as bad as its ever been. Yes we got accustomed to job creation and this euphoria existed in the United States for decades. And that’s fine. These are economic cycles that will continue to happen into the future. This is nothing new. To say this is a new place for the United States to be economically speaking, that is absurd. This definitely is a slowdown, this is definitely a recession. It might even be in depression, but what people fail to realize is how resilient this economy is and what this represents. This show is dedicated to the home buyer, everything …

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