Tag: unemployment

Are you a 99er? Then you've probably lost your house already

Are you a 99er? If so, my thoughts are with you. For those who don’t know, a 99er is someone who’s been jobless for more than 99 weeks. This is significant because these people will no longer receive federal unemployment benefits. Congress in July voted to extend these benefits for people who’ve been looking for... Read more »

Paul Beitler: Frugal consumers don't help the economy, or real estate

J. Paul Beitler Because I’m the editor of a real estate trade magazine I often get to speak with influential leaders in the world of real estate. This morning I spoke with J. Paul Beitler, president of Chicago-based Beitler Real Estate Corporation, one of the more influential commercial real estate companies in the country. You... Read more »

Why residential real estate is killing the economy

Thomas Dennard Technically the Great Recession is over. It just doesn’t feel like it. There are two reasons for this: Unemployment is too high and the housing market is still in the dumps. That’s my feeling, anyway. The unemployment thing is pretty easy to understand. People don’t feel financially stable if they’re worried that they... Read more »