According to CNN Money, the total loss of jobs during the year of 2008, was an incredible 2.6 million, the highest that it has been since 1945 at the end of WWII! Although many still believe that lowering interest rates on mortgages will stimulate the real estate market, which will in turn boost the economy, I'm still a firm believer that jobs need to be created before the American public can invest in the real estate market. It's become obvious to me that the two economic problems are feeding off one another.

President-elect Obama is pushing for a stimulus plan that is geared towards creating millions of jobs over the next couple of years. Obama's plan drives for doubling clean energy production, building an electric grid that distributes clean energy and weatherizing federal buildings and homes. He believes that these investments will stimulate the economy by creating a multitude of new jobs. These green jobs will take America into a different direction, which could very well be what the country needs. Many economists agree that if the government does not do something soon this downward economic spiral will continue.

Once we put Americans back to work, I think the real estate market will begin to rise again.