Unemployment’s Impact on Housing
What impact does rising unemployment have on the real estate market?
Actually, it is quite simple:
Rising unemployment creates uncertainty.
Uncertainty creates fear.
Fear creates paralysis.
Paralysis prevents people from moving forward with their lives.
Don’t allow fear to stop you from getting on with your life. Realistically look at your personal situation and decide what is best for you and your family.
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a .5% hike in interest rates might unlock some of that paralysis.
Navy Chief, Navy Pride
short and sweet – love it.