Most would-be homeowners not taking the plunge anytime soon
July 09, 2009 04:45PM
According to national survey released today by Realtor.com, 53 percent of potential homebuyers are not taking the plunge anytime soon. Nearly a third cited concerns about job security as the main reason for not entering the housing market. Meanwhile, one in five potential homebuyers said they would be interested in buying a home if it was steeply discounted, but nearly two-thirds surveyed said they would be unlikely to purchase a foreclosed home due to the complicated process. Also, while 41 percent of those surveyed said they didn't think the Obama administration's $50 billion dollar foreclosure prevention plan is working, 15 percent said they are looking to take advantage of the $8,000 first-time homebuyer tax credit.
[AP via LIBN]
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Comments
Anonymous
What happened to this website it looks so homely.Nonetheless, 10years and then maybe the market will come back.
Comment #1 Posted By: Anonymous 07/09/09
Anonymous
Why is this news? Job security always drives major purchases.
Comment #2 Posted By: Anonymous 07/09/09