Is The Job Market Affecting The Housing Market

The job market and the housing market can either make the market boom or kaboom!
Even though there are low home prices and record low interest rates, potential buyers are scared of losing their jobs.


There are people just scared stiff to buy because they are afraid of losing their job, some lose their job after they go into contract, and you also have those that just purchased and lose their job not to long after the purchase.


Now I'm not saying this so you don't buy a home in the best market you will probably ever have in your lifetime. I am trying to say that you have to be prepared to buy a home and know that your employment is solid and long term. Also, it's very wise to make sure you still have money saved up after you make a purchase. This is not one of those where you can buy a home and be house poor afterwards, you have to be financially ready.


When the housing market increases then there will be even more people out there buying homes and taking advantage of this incredible market. Until then, only the most qualified people that have saved their money and are continuing to make income will reap the rewards for now.

Are you running scared from buying a home or have you been able to benefit from this down market? Leave a comment.