Friday, March 18, 2011

Shrinking Labor Pool Means Shrinking Demand For Housing: Mish

Great article by Mish.  Quoted from the article.

Points to Consider
  • The civilian population is steadily rising. However, none of that increase in recent years is looking to buy a home.
  • Those not in the labor force are not looking
  • Those unemployed are not looking
  • Those afraid of losing their job are not looking
  • Those in a house and underwater are not looking
  • Those just out of school and deep in school debt are not looking
  • Those facing retirement may be looking to sell or downsize
  • Mortgage standards are much tighter for those who are looking
Read it all 

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