By George Leong, B.Comm. | March 17, 2010
Jobs and housing remain issues when it comes to economic renewal. Without one or the other, it would be difficult to expect strength in the economic recovery.
In housing, when the fear of losing jobs remains a contention, buyers will be hesitant to buy and especially bid up housing prices. And without appreciating home values, there is less desire for home equity loans to spend on renovation and other big-ticket items. The reality is that home prices across the nation continue to decline, albeit at a slower pace. The current housing data continue to be stagnant and indicate slow recovery.