Slow and Steady

More signs that the general health of the economy is improving:

ADP released its monthly employment data today and the news was better than expected. Actually it was much better. Payrolls fell by 491,000 far below the estimate of 645,000 and the March numbers were revised lower.

There will be continued job losses and and unemployment levels will remain higher for a long time to come but the pace of job losses is slowing. Slowing unemployment and two months of increased consumer confidence could help our real estate market maintain gains we have seen over the past few months.

Again, with the "Housing Affordability Index" at its best ever level, mortgage rates remaining low and an $8,000.00 first time home buyer tax credit buyers and seller should be having an easier time getting together.