Jack & Margaret Tyrrell, owners of TYCOR Realty in Oro Valley, Arizona, released an excellently written, in-depth market report for 2011. Its insightful and DEFINATELY WORTH READING!!!!
Call Todd Abelson in Tucson Arizona for all your Mortgage Needs! (520) 331-LEND (5363)
The January 2012 Non-Farms Employment report flat knocked the ball out of the park with 257,000 new jobs created, unemployment down to 8.3% and an upward revision to November & December 2011 figures of an additional 60,000 jobs. In nutshell this was the strongest report since April 2011.
However according to Rick Santelli, my favorite maven from the Chicago Board of Trade, while the figures are good on the surface the story not being told is that there are an estimated 1.2 MILLION people no longer looking for work so they are NOT counted among the unemployed. If they were included in the figures this would be the worst report since 1981. He likens today’s report to a company reporting excellent earnings only to find out that they had a one-time-writeoff that artifically raised net results. In a nutshell, bad news.
So – best report since April 2011 -or- worst report since 1981 – you decide. Either way, stocks took off and took rates along for the ride.
Call Todd Abelson for all your mortgage needs at 520-331-LEND (5363)
Brought to you by Todd Abelson of Sunstreet Mortgage – Tucson, Arizona – (520) 331-LEND (5363)
Brought to you by Todd Abelson of Sunstreet Mortgage – Tucson, Arizona – (520) 331-LEND (5363)
Brought to you by Todd Abelson of Sunstreet Mortgage – Tucson, Arizona – (520) 331-LEND (5363)
