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I'm not jumping for joy that the unemployment rate remains at 9.4%.
INITIAL claims really doesn't mean that much.....it doesn't reflect all the people still on unemployment or those who simply gave-up looking for work.
No one is jumping for joy. Initial claims do mean a lot. Investors and economists use the numbers to gauge if layoffs are decreasing. When layoffs are decreasing, that is a sign that the labor market is improving.
Yeah....those folks dropping their prices probably lost their jobs.
Who knows why. The point is that buyers are not willing to pay at the higher price, so the seller either lowers the price or waits until demand picks up.
Those people are irresponsible and are also hypocrites. They say they don't want to pay back a loan on a home that is currently more than the value of their home. Welcome to the real world. A loan will always be more than what the home is valued at. Also, that's the current value in a terrible housing market. If people would act like adults and pay off their loan, by then the market will be on the upswing and things will have equaled out.
Why even bother. Just leave the keys on the kitchen top and send a courtesy letter to the bank "I'm outta here", and go and rent.
I can rent a 3 bedroom in CA for less than all the underwater mortgage payments. Why even bother with a short sale?
Sound advice.
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