Posts Tagged ‘prices’
You want me to buy what?
As Realtors fret about plummeting home prices (and blame strict appraisals for their troubles), a brief survey [first link on page] commissioned by the National Foundation for Credit Counseling from the Harris polling operation suggests just how much of a challenge the real estate industry will have luring buyers back.
Asked at the end of May/early June whether they concurred with the statement, “Because of the current economic climate, the American dream of home ownership is no longer a realistic strategy for building wealth,” 49 percent agreed, half of them strongly. Nearly a third of homeowners and those who’ve never owned a home, and more than 40 percent of ex-homeowners, believe that they’ll never be able to afford to buy another home.
How the homes we live in turned into the monsters that ate our economy and the United States became a nation obsessed with real estate.
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