For the past few years, economists have been waiting for the housing market to rebound so the job market can finally -- crash? Wait, no. It's the opposite. Right?
On Friday, we'll get the latest look at how the job market is doing. Hiring is improving, but the unemployment rate has stayed stubbornly high. The go-to explanation among economists has been the weak housing market. Where are all those construction workers going to find work? Nursing? (That's actually a pretty good idea.)
Housing prices are jumping again, and some people are even sayingÂ there's a new bubble.We've pointed outÂ you shouldn't expect the economy to come roaring back just because the housing market is. But two economists are taking an even more extreme stance: that a good real estate market, where more people buy houses instead of rent, will throw more people out of work.Â