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Monday, September 26, 2011

Hard to Sell a House as nobody wants to buy one right now in the US

Financial News Media, Marketwatch.com, reported an interesting story today regarding the weakness of the US Housing market. Here is an excerpt.


A third of the labor market — workers and unemployed people — is worried about employment, a stat that signals continued trouble for the struggling housing market, according to Fannie Mae’s latest National Housing Survey, released this week.

“In the second quarter, 26% of Americans were worried about their job stability. When combined with the 9% of unemployed households, you have more than a third of the potential workforce worried about their employment status. This is hardly a strong support for housing demand,” said Doug Duncan, chief economist for Fannie Mae, in a news release.

At a time when unemployment remains high and fears of a double-dip recession abound, few Americans feel good about buying a home. Therefore it is obviously hard to sell a house now...


Having said that, there is always to have your house sold in a short time for a cash.

As local investors in Brooklyn, We Buy Houses in Any Condition for CASH and Close Very Quickly.

For more info, please visit our website.


 

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