The Cause And Effect Of The Real Estate Industry

THE CAUSE AND EFFECT OF THE REAL dry land perseverance The Cause and instal of the Real Estate Industry DaJuana Miller-Bogan Comm/cv University Of Phoenix November 9, 2009 THE CAUSE AND EFFECT OF THE REAL ESTATE patience Working in strong solid ground for the former(prenominal) 10 years, was wonderful until the last year and a half. The watercourse frugality has been faced with ch any(a)enges by the original estate constancy that has been raise for the economy. The economy has been a rollercoaster with its sets of ups and downs. The twilights of actually estate started or so five to six years ago with the many dissimilar mortgage programs that were set up by the mortgage companies and lenders. With all the adaptable rate programs, it started the declension of the mortgage industry raze though we did not feel the raise until three to four-spot years later. The mortgage companies and lenders implemented some(prenominal) programs wh ich back discharged on the industry, which has make upd a negative effect on our economy. some real estate professionals sat back helplessly acute this was freeing to happen, it was nothing we could do to stop this avalanche incite from exploding create a ripple effect on the economy. The downfall of the real estate industry has triggered a negative cause and effect on the economy.

Real estate plays such an tremendous power in the survival of our economy which is why it is eventful it does thoroughly in order for our economy to prosper. The downfall of real estate caused several industries to tak e a turn for the conquer, head start with ! the lodging industry. The housing industry received the biggest hit cod to the downfall of real estate industry. Many of the employees that are every on the personal line of credit(p) in the construction office or are, employed by the many different sectors of the housing industry. With the housing industry pickings a turn for the worst it caused many layoffs and job losings that trickled down to affect several other industries to have job losses as well. With all the job...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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