The answer to this question is complex, but first and foremost job creation will stimulate a long lasting recovery. That is not temp or part-time positions, but a full time employment.
Current interest rates are very good and in fact as good as they were over 40 years ago. Yet homes are declining in value and market time is high. How do we remedy this?
Our total economy needs to be turned around first with job stability, job creation and a feeling from each and everyone of us that our job is secure. One does not venture out to get a bigger more expensive home, or purchase there first home unless they feel secure about our economy and their personal growth potential and value to their current employer.
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