It’s no secret that job growth would benefit real estate and the overall economy. Job creation expects to be a major topic of tonight’s State of the Union address by President Obama.
The National Association for Business Economics (NABE), however, is already reporting an improved hiring outlook for the next six months.
Some 42% of companies surveyed expect to hire more workers in the first half of 2011. That’s a serious increase over last year at this time, when only 29% planned to hire. Another 51% expect no change in hiring which, in these times, is not exactly bad news. At least these firms don’t plan on cutting anyone (which is what the remaining 7% in this survey said).
Consumer confidence is also improving. The Consumer Confidence Index for January rose to the highest level in eight months. While the January rating is still nearly 30 points below what is considered a normal or healthy consumer mindset, it does appear our nation is taking baby steps in a more positive direction.
And with such improvements will come a greater sense of job security and an increased likelihood that people will want to buy or invest in real estate.
Source: Short Sale Daily News
For additional information, please contact Susan Allen, Agent at Susan Allen & Associates 310.704.0815 or susan@susanallen.com
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