Not all the economic news is bad...

We're deluged daily with depressing economic news. Every week we hear about the unemployment rate heading north as mass layoffs impact every business sector. However, the New York Times had an excellent article today about job growth. It points out that despite being in the worst economic downturn since the Great Depression, millions are still being hired. In fact, while 4.8 million workers were fired or left their jobs in February, 4.3 million workers were hired in that same month.

If you are interested in reading a little good news, click here.

Another story in the New York Times focuses on Sacramento real estate. The story is entitled "Where Home Prices Crashed Early, Signs of an Early Rebound". The story basically concludes that we've found the bottom of the market. While not great news, let's hope they're right and we don't have another year of free falling prices. You can access the story here.

The Los Angeles Times also weighs in on today's residential real estate market. While higher end homes and homes in outlying areas are suffering, moderately priced homes are being snapped up quickly in today's low interest rate environment. While LA prices are now yet down to 2005 Manteca prices, there are a lot of homes now selling for less than $500K as noted in the story you can access here.