The Persistent Impact of the Housing Market on the Economy and Jobs

Document Type

News Article

Publication Date

6-2012

Publication Title

Savannah Morning News

Abstract

This column was published in Savannah Morning New.


The collapse of the housing market played an integral role in the economic recession of 2007-09 and the concurrent financial crisis. Though many people perceive the recent slowdown in home price declines as a much needed reprieve from the ubiquitous uncertainty surrounding Europe and the domestic economy, the housing market remains one of the most pervasive drags on the U.S. jobs market and anemic GDP growth. Residential housing provides the greatest source of wealth and savings for many American families...

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