State of the Market: Payroll to Population

 A new poll sheds light on the state of our economy as a whole. It cites a statistic that most people don't look at: payroll to population. Here's the article:



Here's the pull-quote:

The decline in P2P (payroll to population) versus 2012 indicates that fewer people worked full-time for an employer this May compared with a year ago.

Does that sound like a sign of an economic recovery? I didn't think so. While hedge funds buying houses and low interest rates may be temporarily driving home prices up, the fundamentals of the economy are not supporting them. The average person looking to buy a house or pay their existing mortgage is not seeing an improvement in employment and/or income. This leads to renting, defaults and foreclosures.

These factors point to continued opportunity for the real estate investor. Educate yourself and take action!

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