Jobs Report May Mean Better Market Conditions
With the economic uncertainty over the last several year, the jobs report has been a item of significant discussion for quite some time now. The recent jobs report was a positive one and has spawned a plethora of discussion in regards to what this could mean for our economy and
market condition in the near future. Many analysis have a very positive out look on the future of the housing market conditions. The recent article published by Inman sites that residential construction jobs have improved with 8,400 jobs having been added in the month of November. They also site that is the largest month over month increase since July.
Here at the Lake of the Ozarks, we have seen these construction jobs being added first had. There have been several large developments build in the Lake area over the last several months, including a new movie theater and several shopping centers including Dick's Sporting Goods and Bed Bath and Beyond. On the residential side, the development has been slower but we are starting to see projects that went under during the recession start building again, as well as spec homes going up all over the Lake area.
The positive jobs report is pointing towards positive market conditions both nationally and locally. As you've read in several of my previous blogs, inventory and foreclosures are decreasing significantly while at the same time it has never been more affordable to obtain a mortgage. I believe these key factors are going to be the winning combination for home sales and prices to continue on their steady rise and get the housing market back to where it should be.
To read the full article by Inman, click the link below:
http://www.inman.com/2013/12/06/jobs-report-points-towards-improving-market-conditions/
market condition in the near future. Many analysis have a very positive out look on the future of the housing market conditions. The recent article published by Inman sites that residential construction jobs have improved with 8,400 jobs having been added in the month of November. They also site that is the largest month over month increase since July.
Here at the Lake of the Ozarks, we have seen these construction jobs being added first had. There have been several large developments build in the Lake area over the last several months, including a new movie theater and several shopping centers including Dick's Sporting Goods and Bed Bath and Beyond. On the residential side, the development has been slower but we are starting to see projects that went under during the recession start building again, as well as spec homes going up all over the Lake area.The positive jobs report is pointing towards positive market conditions both nationally and locally. As you've read in several of my previous blogs, inventory and foreclosures are decreasing significantly while at the same time it has never been more affordable to obtain a mortgage. I believe these key factors are going to be the winning combination for home sales and prices to continue on their steady rise and get the housing market back to where it should be.
To read the full article by Inman, click the link below:
http://www.inman.com/2013/12/06/jobs-report-points-towards-improving-market-conditions/
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