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Economic downturn sparks home improvements
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November 18th, 2008PropertyConsidering recents events in the financial market a new trend has begun. People are turning more to home improvement rather than looking to sell their exisiting property.

The spending trend in home improvement is reflective of a national spending trend where cash is the most important thing. Recent research has indicated that 69% of adults say they will try to pay for various purchases with cash rather than credit cards. The research also indicated that the same people who participated in the survey would not be looking to take on additional debt over the next 12 months.
Buying a new home these days is not so easy. Current economic affairs have left the housing market in complete turmoil with house prices rising then declining. There is no stability. So there is no better time to start work on your own house and save the costs. Be happy with what you have and look to be spending your money a little closer to home.
Tags: financial crisis, home improvement, new home, working on your home
