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Should I Wait for Jobs To Return Before Selling?

We constantly hear that the real estate market will not recover until the job market does. That definitely makes sense. It would be difficult to commit to making a monthly mortgage payment without knowing you have a paycheck coming. The big question is whether you should wait for the employment situation to get better before selling your house.

Calculated Risk does a great job of comparing the current unemployment situation with previous recessions in this graph:

Bottom Line

If you are waiting for the employment situation to get better before putting your home on the market, you may have a long wait on your hands.

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