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And you thought it was getting better

Massachusetts could shed tens of thousands of additional jobs in coming months, according to a new report.

File under: Just wake me up when it’s over.

Read other posts about: real estate and the economy

Posted by Ford Realty on 11/10/09 |
| Read 2 Comments »

2 Responses to “And you thought it was getting better” »»

Rhea

Comment by Rhea | 11/10/09 at 9:31 am

I knew there was another onslaught coming. We are so far from done.
Hoboken Real Estate

Comment by Hoboken Real Estate | 11/10/09 at 9:49 am

Unemployment is the leading indicator in the recovery of our housing market. Interesting stat I read today: The subprime mess is over to many but the market will feel the effects for a long time. The number of foreclosure filings is through the roof, right?? Like record breaking numbers, right? Well the number of new defaults over the last 2 months have DOUBLED the amount of foreclosure filings.

We are going to see the subprime play out much more as well as the resets of the Option ARM’s. Hang on tight

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And you thought it was getting better

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