Grand Rapids, MI -- (SBWIRE) -- 03/09/2011 -- Financial advisor Dennis Tubbergen has been watching the housing market and discussing this topic and many others in his online blog and in his monthly newsletter Moving Markets™. Recent headlines proclaim home foreclosures in the U.S. rose above 1 million in 2010, topping 2009’s figure by nearly 100,000.

Tubbergen, who is CEO of USA Wealth Management, LLC , a federally-registered investment advisory company, has been saying for months the housing market cannot dramatically improve until unemployment numbers become substantially better. Tubbergen discussed the home foreclosure rate on a recent broadcast of his radio show, The Everything Financial Radio Show, which is simulcast on two Michigan metro stations and also airs to over 600,000 financial advisors.

“About 5 million homeowners are behind on their mortgage payments,” noted Tubbergen on the show. “My opinion is that the link between jobs and housing is very, very strong.”

Tubbergen went on to state that 1 in 45 households in the U.S. received a foreclosure notice in 2010. And according to an article on FoxBusiness.com on January 13, 2011, the total number of foreclosure filings in 2010 hit a record 2.9 million.

“That means every one of us knows one or two or more people who have gone through this,” explains Tubbergen. “And while housing and unemployment have an incredibly strong link, they are not the only two pieces of the puzzle.”

Tubbergen points to previous blogs where he has discussed rate reset mortgages and how they have played a part in foreclosures in the recent past and will continue to do so in the near future.

“Based on the level of rate reset mortgages on which rates were actually resetting in 2010 and 2011, I have been forecasting a bottom in the housing market in 2012 for approximately the past two years,” notes Tubbergen. “With real estate values still declining in most parts of the country and foreclosures at record levels, I continue to stand by that forecast.”

To hear the broadcast in its entirety, go to http://www.everythingfinancialradio.com.

Dennis Tubbergen has been in the financial industry for over 25 years and has his corporate offices in the USA Wealth Management Building in downtown Grand Rapids, Michigan. Tubbergen is CEO of USA Wealth Management, LLC and has an online blog that can be viewed at http://www.dennistubbergen.com. His weekly talk show The Everything Financial Radio Show is simulcast on two Michigan metro stations and also airs to over 600,000 financial advisors, with recent podcasts available at http://www.everythingfinancialradio.com. His seminar schedule is also available at the radio link.

The opinions expressed herein are those of the writer and not necessarily those of USA Wealth Management, LLC. This update may contain forward-looking statements, including, but not limited to, statements as to future events that involve various risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual events or results to differ materially from those that were forecasted. Therefore, no forecast should be construed as a guarantee.

Prior to making any investment decision, individuals should consult a professional to determine the risks, costs, benefits and fees associated with a particular investment. Information obtained from third party resources is believed to be reliable but the accuracy cannot be guaranteed.