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Oil & Housing Don't Mix

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Services for Real Estate Pros

oil & housing @ justhelpnow.orgOil & Housing Don't Mix...well at least not in a positve way.

With gas prices hitting the $4 a gallon level and many estimates expect $5 & homeownership at incredibly low levels, where's the economic recovery?

Homeownership has dropped to the lowest level since 1998.

In the 1st Quarter of 2011, homeownership fell to 66.4%.

 

Many people are unable to purchase a home for a variety of reasons and lack of confidence in the economy doesn't help. As gas prices continue to increase...economic confidence from a large share of the population decreases.

 

 

It's time to take care of the "employed class"...those that are figuring out a way to pay their bills on time, especially their mortgage. We need to STOP forcing the middle class to bear the burden of our "lack of a consistent economic recovery"

 

 

Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

In many areas, the high cost of gasoline will force up the housing values in the close-in neighborhoods.  At least that is one positive thing about it.

May 01, 2011 02:19 PM
Marchel Peterson
Results Realty - Spring, TX
Spring TX Real Estate E-Pro

MJ, This is why I have become involved with our local tea party.  Never in my life have I been involved in politics but if we don't stand up and say enough is enough who will!!

May 01, 2011 02:27 PM
Debbie Laity
CinaJones Real Estate - Cedaredge, CO
Your Real Estate Resource for Delta County

We live in a rural area. If you live out of town you are driving to get somewhere. The high gas prices are going to kill me. I live outside of town and spend a lot of time on the road.

May 01, 2011 02:38 PM
Myers Jackson
Auctioneer, Texas Flip N Move - Grapevine, TX
America's Auctioneer

A very large concern for almost every American, 

May 01, 2011 02:44 PM
Jeanne M. Gavish
Jeanne Gavish, Keller Williams Realty Elite Partners - Spring Hill, FL
Keller Williams Realty Elite Partners - CIPS,GRI,S

A very real concern today.

May 01, 2011 02:44 PM