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So many economists point their fingers at the housing market and cast blame for the entire Great Recession. While the housing bubble may have been a significant contributor, runaway government spending, irrational lending practices and collapsing global economies weighed heavily.
But now there’s one shining star in the sky as we look over the edge of that Fiscal Cliff – it’s housing!
Housing may actually be the savior the U.S. economy needs so badly. Homes sold create jobs, pump money into their local economies, and, most importantly, fosters a sense of the American Dream – home ownership – a major for “feel good”!
Bottom Line All Measurable Housing Statistics Are Up:
- new home sales up
- existing home sales up
- construction up
All unsustainable measures, and all economy stimulators…