Friday 23 November 2012

The problem with the housing market is the problem with the housing market.



It’s hard to even talk about the housing market without sounding like a cliché.

  • Approximately $1.5 Trillion of wealth lost
  • Approximately 2.5 Million foreclosures
  • Approximately 25% percent of all homes underwater

The extent of this problem is staggering; ask yourself, have you, your family or friends been affected by the housing downturn? Did you lose your house to a foreclosure of short sale, are your adults kids now living with you because they can’t afford a home.

Obviously behind these numbers there are real people drying to dig out of their personal calamity. You probably know some of them; maybe you have your own tale of doom from the housing market. If you lost money in real estate, lost your home, had to do a short sale, etc. we're sorry to hear that, according to a Pew research poll, over 15% of American households, approximately 15 million households were negatively affected by the housing downturn. So, if you were affected by the housing downturn, you are not alone. But, here’s the thing, it’s time to get over it.

 More to come...

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