January Fed Rate Cut Likely & Real Estate Jobs Created in December’s Job Report???

federal_reserve_logo_standard.jpgFewer Jobs were created in the month of December 2007 than were expected.  Increasing the likelihood of the Fed cutting another half point at the next Federal Reserve meeting scheduled on January 29thIronically there was job GROWTH in the Real Estate sector.  Can I be reading that wrong? There were 5,400 new jobs created in the month of December 07 in the Real Estate Industry.

 

The speculation by NAR on the growth was that it took place in the REO or Foreclosure Market in the hardest hit Real Estate areas.  Look for 2008 to be the year of the Foreclosure Auction Market in the Bay Area.  Foreclosure Auctions offer investors or opportunistic First Time Home Buyers amazing opportunity to buy Real Estate.

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