So, is this what a recovery looks like: Lots of people are still losing their jobs, and there’s still a glut of unsold houses on the market.
More than 460,000 people per week are filing initial claims for unemployment, the Labor Department said yesterday. That figure has been more or less flat for months now.
Of course, if you just lost your job — or if you’re afraid you’re about to — you’re not going to rush out and buy a house. So:
August was the second-worst month for home sales in more than a decade, according to figures out this morning from the National Association of Realtors. (July was worse — sales that month were the lowest in 14 years.)
