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Market On The Upside??

According to CNN, the housing market is finally on the recovery side. With that said, prices are still extremely low and interest rates are as low as they’ve been in a long time. The next step in this recovery period is the unemployment issue. People aren’t buying houses if they don’t have jobs, therefore, if that issue is fixed perhaps the real estate market might be hopping once again. Foreclosures and Short Sales have recently dominated the market due to unemployment and the economy. Very simply, if people don’t have jobs, they can not pay their mortgages. The economy and our current situation may be a frustrating situation but don’t write off the market and look at the upside. There may be a lot of “ifs” and “buts”, but many people don’t want to be on the outside looking in when the prices return to normal.

Author: Myrtle Beach Real Estate

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