So many people watch the stock market and NASDAQ along with unemployment figures and the GDP to determine just how well or poorly our economy is doing. If you believe the propaganda coming from the White House you would think our nation’s economy is well on the road to recovery. Don’t forget that these are the same people reporting low unemployment figures when in reality unemployment is still in double-digits.
All of the financial indicators above are important, but I believe that one of the key indicators on our nation’s economic status is the housing market. I’m talking about new home construction along with the sales of existing homes and when you look at these factors, our economic recovery is barely holding its head above water.
There are some areas in the country that are experiencing a good housing market but there are still many others that are not. In many areas, home construction is at a virtual standstill. Often in those areas, many would be home buyers are finding it impossible to qualify for mortgages and in other areas, many home values are still underwater from what the owners owe, making selling their homes a difficult and losing proposition.
From the various sources I have been checking out, it clearly appears that the overall national housing market is not doing so well. I see this as a true indicator that our economy is tenuous at best and still quite far from the recovery that the White House would have you believe.
Don’t forget that our current economic situation was created by a collapse in the housing market and it’s very possible that it could still collapse once again. And like the last time, if the housing market tanks, it will take the rest of the economy with it, only this next time it may hit even harder and turn into a full blown depression instead of another recession. If that happens, it very well could be the impetus for the Democratic socialists running our nation to complete their final takeover and the final death blow to the America that we know.