Earlier this month our favorite economist, Brian Wesbury from First Trust Advisors, predicted that the U.S. economy would add 300,000 jobs in March. While this may seem unbelievable given the poor performance of the economy during the past 18 months, he does make a pretty compelling case. He points out that even without the hundreds of thousands of workers being hired by the U.S. Census Department, we are still poised to add significant jobs this month and for months going forward.
We have been saying for over 18 months that the housing market WILL NOT improve until we have significant job growth. With the Chicago area median price at five year lows, interest still at or below 5 percent and actual job growth (yes, even in Chicago), we will finally see the housing market begin to recover in the second half of 2010.
To see Brian's job growth video, please click here.
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