Housing slump hits microbusinesses hard

Robinson, Jennifer
June 2008
Las Vegas Business Press (10712186);6/9/2008, Vol. 25 Issue 23, p16
The article focuses on the impact of the housing crisis on microbusinesses in the U.S. according to a report from the National Association for the Self-Employed. The report found that 62% of microbusiness operators are concerned that declining home values will affect their ability to survive and grow. Based on the report, 18% of respondents have adjustable-rate mortgages, making them prone to resetting interest payments. Executive director Kristie Darien notes the impact of the housing crisis on home-based business owners.


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