If Employment Drives Housing, then What the @##!?

The old common wisdom is that jobs drive the real estate market.

According to Yahoo! Real Estate News, South and North Dakota are by far the lowest in the nation for unemployment – 4.4% and 3.6% respectively.

So, why are their real estate market not booming?  According to Yahoo! Real Estate, both states have foreclosures up.  In North Dakota, inventory is also up.

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