Are we in the Clear?… NOPE!
This month, home sales got a bit of good news when some movement managed to move the graph on the positive side but experts warn on betting this is the end. The surplus and rock-bottom prices of homes and properties are still in the red zone making for another roller coaster year. The industry is still there, barely, just not making enough progress to redeem itself.
Homeowners are getting aid from the government but for most its a little bit too late for they have lost their homes then their jobs as the economy spirals further down. More lay-offs are expected as more companies make public losses. As with other industries, less demand means bad business so better shore up your pockets and prepare for the worst.