Job Growth is Key to Housing Recovery

By Kyle Chezum Updated on 1/3/2011

1/03/11

Much of the blame for the current recession has fallen upon the US housing market, and rightfully so.  The market is currently burdened by a high number of unsold homes, and in order for demand to increase and improve sales numbers, personal and family incomes around the nation will have to stabilize.

This means job growth is the remedy, or at least a primary part of the remedy.  Thomas Lawler, a housing economist in Leesburg, VA, feels that the largest risk facing the nation is that the economy won’t grow enough to create a job rebound.

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