Mortgage Crisis Not Only Hurting Home Buyers
Potential home buyers faced with tighten lending standards and fewer home loan programs are not the only people feeling the pain as a result of the recent mortgage crisis.
Just since the first of the year, more than 38,000 employees have lost their jobs at lending institutions across the nation, the Boston Herald reported August 22, 2007.
"Meanwhile, construction companies have announced nearly 20,000 job cuts this year, while the National Association of Realtors expects membership rolls to decline this year for the first time in a decade."
Comments