The housing industry has done what it needs to do for an economic recovery. Yes that are jobs being added but incomes are not matching the increase on housing or the cost of living. Also corporate debt is at an all time high with $29 Trillion being added to worldwide debt since 2009. The other issue is spending is down and tax cuts for the top tier does not increase the spending required for a society based on consumption driving economics. Add to that the older generation has woefully inadequte reserves for retirement so spending is less there also. A stronger middle class would help but now the middle class is being defined as making $250,000 a year or more. Let's hope that instead of spreading fear we have parties that will work the problems.

Hello Sam,

We are use to thinking short term instead of long term.  We all seem to want immediate gratification, and the term in this instance is "not enough! the predicted numbers we not met".  Someone forgot that prediction is by definition not accurate.

Many retirees are worried.

Many of the jobs were entry level positions and people back in the job market over 55. Don't read much into the unemployment rate. Those qualified for management positions are leaving the market and not counted. It's government work! If the numbers don't work, reclassify who you count!

 Good morning Sam Shueh . I think most folks think short-term and set of long term.

Sam Shueh isn't it a human nature?

Sometimes it's just people and sometimes media scaring public.

We are doing great with no inflation - however we are all connceted in World Economy. (And I am with you, why should it impact us?)

I think the unemployment numbers are crap.  Many people no longer counted in them because they've exhausted all benefits and given up looking for work.

I see a lot of fluctuation everyday, but i doubt that any real tanking is taking place just moving stocks from those who panic to those who do not.

I don't see people putting on the brakes, more waiting until tax returns come in.

Wake me up when the S&P hits 1000. That would be a market tank. Money will always move where the action is.

Real estate has always been a wealth builder. 

With the market doing bad, I am seeing more and more people talking about RE as an investment.  Like this is some kind of new idea?  Many people were scared of RE as an investment and it is getting better now.

They're waiting for that other shoe to drop.  Too much instability in the world economy and a very rough start to the year.

Sam Shueh  People are concerned on the economy.

Silly knee jerk reactions. People need to chill out.

I don't think you client truly understands the economy. It's more than the stock market.

Sam,  I like John Meussner comment.  I am not seeing buyers putting on the brakes.

If income increases while assets shrink, no one is getting any wealthier.  That said, there is a ton of uncertainty.  Any increase in income will need to be substantial in order to offset increased costs of healthcare and other necessities.  The employment numbers are a huge deal, because a rallying labor market was one of the only consistent economic strengths of the past 12 months - if that slows down, even a little bit, it's not good.  Long term, with where rates are, it's a great time to buy.  Short term, we could be staring at another recession, and that's a scary prospect to a lot of people who are just now feeling some sort of recovery from the last go around.

Hasn't affected us yet ?

Morale is a strange dynamic that affects everything. When you have a high morale, anything is possible for the good. When a low morale, all is suspect

Sam Shueh I see stability in the market, home prices are still below the price that buyers are willing to pay and many millennials are ready to purchase a home.  The crashing stock market could lead people back into real estate just like it did in 2001

I just think it is the weather and not the economy.

Markeet has been up one day dowwn the next for most of the last 2 weeks...Day traders preying on the nervous and less experienced