Here’s an interesting thing to think about, the housing market is lulling, and in bad need of growth. The job market is lulling, and in bad need of growth. Each one of these two is relying on the other in order to regain footing.
The job market needs to see increased demand for housing, while the housing market is in need of people who have jobs, that are ready to spend money to buy a house.
It’s a tough debacle, and many investors and other players just sit during these hard times, and wait for the market to rebound. The problem is, if nobody gets out there and tries to make something happen, the market will continue in its slump.
CNN Real Estate has more to say on this topic, and you can review their news about it here.