blog.hsh.com

While initial unemployment claims were technically “flat” last week, the number was still over 500,000 — a level the unemployment indicator has remained at for 53 straight weeks. Despite any improvements we’ve seen in the economy, it appears as though employers just aren’t hiring…outside the mortgage industry that is.

With current lending requirements being as strict as they are, mortgage companies aren’t looking for more mortgage originators necessarily, they’re hiring workers to restructure troubled mortgages:

But I thought the housing market was improving? If you were under the assumption that housing had hit bottom, chances are you’re not alone.

The ever-changing monthly numbers and future projections have created a lot of back and forth expectations from consumers over the state of the housing market. The problem has been that the numbers themselves have flip-flopped from month to month. One month they look good, the next they look bad.

Falling Home Prices