Morning Minute: Housing a silver bullet for economy, analyst says

In a recent CBS News segment on the economy, CBS news analyst Mellody Hobson said housing and housing-related construction will be a big driver in the economy’s recovery.

“Housing is the silver bullet. The largest number of unemployed people are construction-related, and as those roles start to fill, and the related industries that benefit from housing also start to grow, we’ll see that unemployment number continue to drop and drop and drop,” Hobson said.

Click here to watch the full interview.

In other news:

Congratulations to REALTOR® Mac Boyd, an Arcola real estate sales agent with Farmers National Co., who was recently awarded the company’s Gold Eagle Award for his outstanding efforts in real estate sales. Read more in the Journal Gazette and Times-Courier.

More headlines:

In a sellers’ market: 3 ways for buyers to win a bidding warChicago Sun-Times

Boomerang buyers return to market after foreclosureChicago Tribune

This entry was posted in Housing Market, Uncategorized by Stephanie Sievers. Bookmark the permalink.

About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

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