New House Economy Week 7 - New House Economy 1 New House...

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New House: Economy New House: Economy Gregory Mann Axia College of University of Phoenix Xeco 212 1
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New House: Economy The United States mortgage market and the current economic status are significant factors for perspective home owners deciding to purchase a new home. The decision to purchase a new home is one of the most important choices for a family. There are many options and measures to consider that affect affordability and attractiveness during the home buying process. The strength of the economy is a factor contributing to the volume of home sales over a period of time. When the economy is weak or struggling, consumers examine the factors that have changed involving costs and benefits when deciding to make large purchases or investments. Instability of the job market and lower average income levels are results of a weak or struggling economy. Consumers consider the amount of money and the overall cost and the benefits, if any, of deciding when to buy their home. If the conditions result in lower interest rates and lower home prices, some
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This note was uploaded on 10/21/2010 for the course ECO 212 AACL0RVXH3 taught by Professor Shivers during the Spring '10 term at University of Phoenix.

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New House Economy Week 7 - New House Economy 1 New House...

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