According to this article, it would be tight lending standards and jobs. According to Lawrence Yun, the economic activity created through these additional home sales would add 250,000 to 350,000 jobs in related trades and services almost immediately and without a cost impact. He also stated that sensible lending standards would permit 500,000 to 700,000 additional home sales.
These are amazing statements. The timeframes that it is taking these days to get through applications and the massive amounts of documentation that the lenders are requiring are slowing the process. With the increase of jobs, there would be more homebuyers entering into homeownership.
Many potential buyers are unsure of the nonimproving job market and are cautious in purchasing a home.
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Thanks for reading this, Roland Lorans Keller Williams Realty
Phone: (770) 866-2561
View our Website for FREE at www.BuySellGaHomes.com.
Roland Lorans specializes in Pre Foreclosure and Short Sale Homes in Hamilton Mill Dacula, Buford, Suwanee, Alpharetta GA and Metro Atlanta Georgia.
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