Posted on 08/21/2011 9:29:33 AM PDT by bgill
24/7 Wall St. looked at the total number of building permits issued by each state for the first half of the year. We then identified the states that had the lowest percentage of new housing permits as compared to the total number of housing units.
These are the states where no one wants to buy a new home:
1. Rhode Island
2. West Virginia
3. Illinois
4. Michigan
5. Connecticut
6. Ohio
7. Massachusetts
8. New York
9. Maine
10. Pennsylannia
(Excerpt) Read more at finance.yahoo.com ...
Given the tenuous employment environment, I cannot see why anybody would purchase a home now. Traditionally one has needed to stay in a home for more than five years to make paying the closing costs worthwhile. Then, should one need to move for employment, one must be able to sell the home. These days that is much easier said than done.
Housing prices here in Rochester, NY did not rise as fast as the “big bubble” areas. They did not fall as much easier. As a distance runner, my training runs currently range from 5 to 15 miles and take me past several attractive, moderately priced homes that are for sale. I have run past these same homes all spring and summer and the homes just don’t seem to be selling. I suppose that one could really drop the price to get them to move, but I suspect few owners could afford to do so.
Yeah, and they are coming here to KY. They are building a mosque right next door to a Christian church. You never saw a muslim here before.
I marvel at that scripture and others when I read them these days. They are so descriptive of the here and now.
As a Christian and a conservative living in Massachusetts, they provide real comfort!
Fantastic!
Good luck to your entrepreneurial ventures.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.