Jobs Will Trigger Recovery

Recent news from the Mortgage Bankers Association shows that foreclosures are declining, but undoubtedly a substantial increase in new construction starts and sales will be triggered by jobs being created. The labor force must be reinvigorated with positive momentum in job creation before consumer confidence will return on a scale large enough to drive home sales forward. Currently there are savvy buyers and those with comfortable positions that are taking advantage of decreased home values and exceptional interest rates, but a widespread return to home ownership and investment won’t occur until the economy sees job growth. Hopefully this will occur sooner than later, although the general consensus among most economists is that this recovery will be longer and slower than in recessions past.

Stephen Woodall

REALTOR, GRI @ Long Realty Company

Stephen has made real estate his full-time career and passion since 2008, primarily specializing in the Foothills & the Northwest Tucson areas of Oro Valley and Marana. He is a multi-million dollar producer, representing both sellers & buyers. Stephen has tremendous experience in new home sales, listing & selling primary residences, listing & selling vacant land, listing & selling luxury homes, investment properties, rentals, and real estate development parcels.