Economy Driving People Out of the Housing Market, Says New FindLaw.com Survey

EAGAN, Minn., Oct. 11 /PRNewswire/ -- Nearly two-thirds of Americans say the current economic situation is making them less likely to buy a house, according to a new national survey by FindLaw.com (http://www.findlaw.com), the most popular legal information website.

Sixty-three percent of American adults say they are less likely to buy a house because of the current state of the economy. Despite record-low mortgage rates and an abundance of houses available on the market, only 8 percent of people say the current economic situation makes them more likely to buy a house. About a quarter of people – 28 percent – say they are neither more likely nor less likely to buy a house because of the economy.

In particular, the current economy is driving lower-income individuals and families out of the market. People with annual incomes less than $50,000 were significantly more likely to say they are less inclined to buy a house than people with higher incomes.

"The current economic situation has greatly changed the dynamics of the housing market," said Stephanie Rahlfs, an attorney and editor with FindLaw.com. "Although mortgage rates are near record lows, stricter lending requirements are often making it more difficult for many people to obtain mortgages. High unemployment rates are raising concerns about housing appreciation, affordability and foreclosures. Together, these factors are causing many people to shy away from the idea of buying a house. Buying a home, selling a home and owning a home are all becoming more complicated, and it's important to know the ins and outs of contracts, finances and your rights as a buyer, seller or owner."

Free Internet resources such as the FindLaw Real Estate center (http://realestate.findlaw.com/) can provide helpful information on buying, selling and owning a home, including obtaining a loan, borrowers' rights, finding the best mortgage, homeowners' rights, avoiding foreclosure and more. It also has useful information for renters, including negotiating a lease, tenants' rights, and fair housing and discrimination laws.

The FindLaw.com survey was conducted using a demographically balanced telephone survey of 1,000 American adults and has a margin of error of plus-or-minus 3 percent.

Note to editors: Full survey results and analysis are available upon request.

SOURCE FindLaw.com

___________________________________________________________

Seg, 11 Out, 02h37

EAGAN, Minn., 11 de outubro /PRNewswire/ -- Cerca de dois terços dos americanos dizem que a situação econômica atual diminui a probabilidade de que comprem casa, de acordo com a nova pesquisa nacional da FindLaw.com (http://www.findlaw.com), o site da rede de informações jurídicas mais popular.

Sessenta e três por cento dos adultos americanos que diminui a probabilidade de comprarem casa devido ao estado atual da economia. Apesar das taxas de hipoteca em baixa recorde e a abundância das casas disponíveis no mercado, apenas 8% das pessoas dizem que a situação econômica atual aumenta a probabilidade de compra de casa. Cerca de um quarto das pessoas - 28% - diz que nem aumenta nem diminui a probabilidade de compra de casa devido à economia.

FONTE: FindLaw.com