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Real Estate News

Economy Continues To Take A Beating From Housing Crisis Fallout

by Charles Feldman | March 7, 2008

The economy is sinking faster than a mafia hitman wearing cement shoes in water; and, the mortgage/housing crisis is clearly to blame. Wall Street was apparently totally shocked today when the Labor Department reported that 63, 000 nonfarm jobs were lost last month….As Reuters points out, the problem is that Wall Street experts had expected [...]

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Real Estate

Mortgage Crunch Hits Job Market and Stock Market

by Joshua Dorkin | September 7, 2007

The Labor Department today reported that payrolls fell by 4,000 in August for the first time in 4 years. What makes matters worse is that estimates were for this number to increase by 110,000. Job losses included those in manufacturing and construction. Clearly, we can see that the housing market is starting to affect all [...]

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