Jobs Hiring Rises Job Seekers Stopped By Housing Market Because They Cannot Buy A Home

By Author: Jack
Total Articles: 4
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Today it’s more likely that a family or individual picks up and moves independently without the assistance of a corporate relocation package. They have to shoulder the cost and many of them have been out of work for several homes or a spotty work history due to the economy.
Sixty-nine percent of workers who turned down a relocation package last year did so because of housing and mortgage concerns, Atlas World Group’s latest relocation survey found. That’s down from 77% in 2009 but well above the 2006 figure of 30%.

John B. “I guess I was naive. I thought between Jan. and May I’d be able to sell my house, but no one could get financing, and I couldn’t get financing till it was sold,” he says. “It’s been very emotionally stressful and I ended up losing the job offer.” Although people such as John are moving in greater numbers, mobility is still proving to be an issue. The ability to sell their old home and get into a new one is hampered by people not being able to obtain a traditional financing. As more consumers learn about rent to own and lease to own programs for home buying and how ...
... they can help first time home buyers, people will be hindered in moving and finding new employment.

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Especially in the last two years we’ve noticed a significant reluctance and fear to sell houses,” Atlas CEO Glen Dunkerson says. Relocations “will continue on a slow upward movement in 2011,” he says, adding that he thinks relocations will remain depressed until the housing market fully recovers in 2013 or beyond.

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