What is a "Weak Housing" Market?
What exactly in the lord's name is the condition called a "weak housing" market? Everyone, from a jack@#$ trying to appear smart to the U.S. President seems to be referring to it still; even after the recession has officially ended. 1. I am looking for a simple definition or explanation without getting all technical and jargon-reliant. Ex: Rain = is the result when clouds form when water evaporates from the seas; something like that. SIMPLE 2. Why is it bad? What is the chain reaction of events it causes that is troublesome. Again in simple terms. 3. What is the best way to cure this condition? At least in theory. I know 'practice' is different; else the situation wouldn't have gotten so bad in the first place. Thanks so much.
Asked By: Sri - 7/6/2011
Best Answer - Chosen by Asker
Weak housing market= people don't have the income to buy a home... More
Answered By: Aimee B - 7/6/2011
Additional Answers (1)
Do your own homework, kid. It means that the real estate market is in a slump. People aren't buying houses.
Answered By: Valor D - 7/6/2011
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