The Cause And Effect Of The Real Estate Industry

THE CAUSE AND EFFECT OF THE REAL dry land pains 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 effort Working in strong solid ground for the other(prenominal) 10 years, was wonderful until the last year and a half. The topical frugality has been faced with ch altogetherenges by the original estate effort that has been raise for the economy. The economy has been a rollercoaster with its sets of ups and downs. The twilights of received estate started close five to six years ago with the many diametric mortgage programs that were set up by the mortgage companies and lenders. With all the adaptable rate programs, it started the declivity of the mortgage industry fifty-fifty though we did not feel the raise until three to quaternary years later. The mortgage companies and lenders implemented some(prenominal) programs which ba ck fire on the industry, which has curtilaged a negative effect on our economy. some(prenominal) real estate professionals sat back helplessly acute this was freeing to happen, it was nothing we could do to stop this avalanche involve 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 extensive power in the survival of our economy which is why it is historic it does thoroughly in order for our economy to prosper. The downfall of real estate caused several industries to t ake a turn for the lash, first with the ! lodgement industry. The housing industry received the biggest hit payable to the downfall of real estate industry. Many of the employees that are any on the personal line of credit(p) in the construction typeface 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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