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Food For Thought
On Friday, January 8th, an interest report emerged from CNBC.I thought I would share this with all.   The Construction Industry released some statistics:Another 53,000 job were lost in the month of December.This means a total of 1.3 million jobs have been lost since the recession began.This has given us a 22.7% unemployment rate in the construction sector.The impact of this has been felt in the new housing market.Will this deepen or have  we reached our low? Interesting thought....   In Realty:Office vacancies are 17% which is up from the 14.5% of last year at this time.This is the greatest decline ever. Landlords that are lucky to have paying tenants in thier offices are getting 9% less rent than a year ago.   Home Loans:From non-agency mortgage backed securities, 1.81 million loans are delinquent (over 60 days).The  percentage of this is 32% which is up from the 25% a year ago.   If you are interested in reading more about this please, check out realtycheck.cnbc.comI know I for one will be interested in the rates of movement in these statistics.
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