strong. and what you need to show job growth, at least when it comes to that reading s a reading of somewhere between 2 or 3%. that would show us growing jobs, so that 1.5% is probably not likely we re growing a lot of jobs in this country. so we wanted to show you a little bit about our current numbers. we re going to get brand new ones next friday, but here s what it looks like right now. 8.3% 8.2% current unemployment rate, but those are people that are actually actively looking for work. if you re not actively looking for work, if you re distracted because your home s foreclosed upon or something like that, you re in this section that is over 800,000 people that have simply given up looking for jobs. if you re here, you re not part of this bigger picture that shows 12.7 million americans that are currently looking for work, are able to work and just
going to see demand for homes in new areas where those old foreclosed homes don t exist. this is soft demand, like as morgan was saying, it s not some dramatic upswell of demand and it s healthy demand. yes, the government is still heavily involved in the mortgage market, but it s not the funny money we were seeing back in 2006 and 2007. so, i think that this is moderately good news. all right. you wanted to jump in quickly, e-mac. it will still be flush to the system what happened with the housing bubble. old industrial cities like detroit, pittsburgh, baltimore, philadelphia, a lot of those daderelict homes are n- is it good news or bad news happening with housing now, steve. overall, david, it s slightly bullish and morgan is right from very, very depressed levels if the government hadn t intervened so much and yet the market clear we had have a robust housing revival across the board. government hurt, didn t help
depression photography, that was government sponsored photography. gordon parks, one of the photographers here. what they did was go out and give the country an image of what poverty looked like. a sympathetic image. when we re looking at poverty now, the image we have is the subdivision with the foreclosed home. it does not resognate, register with us in the same way. really quick about the food stamp language. this actually was a stamp. it was a physical stamp that people would get. you could spend a dollar and get $1.50 worth of groceries. and it s fascinating that you say the government u would send out photographers for us to see the poor. because i m thinking, okay, but every time we talk about the poverty rates, even just the numbers that i just provided, in many ways, the obama
shepard: home prices are up for the first time in eight months. data analysis form core logic reports a 4.6% gain in march thanks to healthier balance of supply and demand. discount sales of foreclosed have weighed down. former massachusetts governor mitt romney is expected to move closer to clinching the republic presidential nomination with primaries in three states. moments ago i mentioned the associated press has already called indiana for governor romney you will notice at the bottom of the screen tonight. fox news election ticker it s showing preliminary results from the presidential primary in indiana. polls started to close there in the 6:00 p.m. eastern time hour. however we are expecting results in carolina and west virginia. polls close in north carolina at 7:30. these come hours after exrival
2005, housing prices have declined 25%. that s significant. we have seen some activity in some cities. however, we expect that prices will continue to decline. if they do, buyers will stay on the sidelines. why is that? it used to be said, one thing matter audio location, location, location. now the only thingna that matter, job, job, jobs. until we get unemployment down, people are not going to buy homes. they don t feel they have the wherewithal and banks are not willing to give mornings to people who don t have jobs. so people are not going to go out there and start buying and there is a whole inventory of foreclosed homes that haven t hit the market. they re going to bring the price of other homes down. 1.5 million are expected to hit the housing market this year alone. but there are predictions that this could be the first year where we see housing prices