The best measure of unemployment is not the one you read in the newspaper. The U-6 unemployment rate, which represents 13.9% of the total adult population who wants to work, also includes part-time employees who would rather work full-time. The number of part-time employees desiring full-time work is now 7.8 million, which is up 65% over the last year. In addition, the U-6 rate accounts for the 2.1 million unemployed people who want to work, buy have stopped looking. The U-3 unemployment rate, which is what is reported in the paper, consists of 11.6 million people, which is up 54% over the last year and represents 7.6% of the labor force. The U-6 category of unemployment is growing faster than the U-3.

Fannie Mae just announced they are suspending the 4-property rule for investor properties & raising it to 10. This is great news. You as an investor should take advantage of the low values of the century and get in the market. Who ever buys today gets the best deals; next year they will be good deals. Call me for investment strategies and planning at (818) 432-3222.

*Excerpt from John Burns article