Economy and Homeowners Are in a Better Position than You Think
Posted by Florida Realty Marketplace on
Not everyone thinks the economy is as bad off as doomsayers have been saying lately. In fact, William Dudley, president and CEO of the Federal Reserve Bank of New York, says the expansion we’ve experienced for the past seven years has put American homeowners in a much better position to withstand any pending trouble.
Dudley spoke at a recent press briefing at the New York Fed to address the state of an economy that has been, despite what it might seem, steadily getting better since mid-2009. But because the expansion has been going for so long, Dudley said, many are starting to “whether this expansion has already entered its twilight years.”
But such fears are not based in real evidence, particularly in a strong housing market, he said. Dudley said…
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The Bureau of Labor Statistics (BLS) will release the first employment summary of 2016 on Friday, February 5 (technically, it’s the second employment summary released this year, but the first one that covers part of 2016 since the last one covered December). Employment growth for October through December was solid, averaging job gains of 284,000 per month for the three months.