How Does Unemployment Affect the Real Estate Market?

Even if you've got a job, there are plenty of Americans who don't. As of August 2012, the U.S. unemployment rate sat at 8.1% -- which means that more than 12 million people filed for unemployment benefits. Making that number worse, a whopping 368,000 Americans gave up looking for work altogether in August. So, how does all of this affect the nation's real estate market? As you might have guessed, it has a huge impact!

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