I have to be honest. I am assisting over 35 individuals in their Charlotte job search and not one of them is on unemployment nor will they qualify to build a road. The jobs bill proposed last night will not help them. So I go back to my statement for years now ...... As Housing Goes......So Goes the Economy.
If you have a job, why would you not buy a home today? Because.....................of FEAR.
Fear of losing their job and/or the lack of job security
Fear of the buying process – not understanding how the system works
Fear of their ability to make monthly payments
Fear of being “house poor”
Fear of the daunting loan process
Fear of qualifying and credit scores
But the survey results do not match what is actually happening in the housing market. Why? Fear! Until the consumer knows the country is heading in the right direction, they will not buy anything - including their home.
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