Tightening of Credit Still Shuts Many Concord Real Estate Buyers Out. The majority of Concord Real Estate renters who live in Concord Real Estate single-family homes say that the challenges of getting a home mortgage is one of the main culprits keeping them from home ownership. About 33 percent point to their credit history as posing the biggest challenge in qualifying for a mortgage, while other Concord Real Estate Renters are concerned about the tightening of credit that make it too difficult to qualify in general. Concerns about obtaining financing and growing concerns over the economy continue to plague the Concord Real Estate housing market. My Concord Real Estate buyers are more cautious due to concerns over employment and household finances. As a result, consumer spending, which accounts for about 70 percent of the economy, ground to a halt in the second quarter. Consumers are more hesitant to take on additional financial commitments, and a setback to confidence means a setback to the recovery of the housing market.
My Concord Real Estate Renters, however, seem to be getting the message that home ownership still makes more financial sense. Only 23 percent of renters living in single family homes said that renting makes more sense than buying a home.
But besides the tightening of credit, concerns over employment is also keeping many out of the Concord Real Estate For Sale market. Dissatisfaction about the direction of the economy and related employment fears are damping demand to buy Concord homes and slowing the recovery, Many of my buyers who believe owning is a better deal than renting are nonetheless planning to rent, at least until things improve. I still think they are wrong as I see all rental cost exceeding the cost of buying the same Real Estate they are renting, I do not understand this position of not buying.
To get your Loan Approval needs meet go to my on Line loan approval site here
http://www.eastbayhomeandloan.com/custom2.shtml To speak direct to me call me at 925-777-9400 Tony Shropshire
Study Shows Buying Concord Real Estate for sale is Cheaper Than
Renting ? Video ? KTVU San Francisco?
The link:
http://www.eastbayhomeandloan.com/professional5.shtml
Source: http://theeastbayhomes.com/?p=3065
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