Government bond purchase pull back and the impact on our economy

In two related articles, you can see the effects of the government pulling back on their bond purchases and also the fragility of the economic recovery. In the first, you can see that despite the confusing mixed messages, we are well below the numbers to indicate a real recovery. In the other, you see the effects of a mere 1% rise in interest rates. It has basically shut down the housing market, and rates should be rising even higher.

US sales of new homes slipped 2.1 percent in Nov.

http://www.palmbeachpost.com/ap/ap/top-news/us-sales-of-new-homes-slipped-21-percent-in-nov/ncS85/

US mortgage applications tumble to a 13-year low

http://www.palmbeachpost.com/ap/ap/business/us-mortgage-applications-tumble-to-a-13-year-low/ncTBc/

Orin Rosenfeld

President

Rosenfeld Realty Advisors

9858 Glades Rd. Suite 209

Boca Raton, FL 33434

Phone: 561-756-1665

Fax: 561-470-0707

Web: www.rosenfeldrealtyadvisors.com