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/ one hundred five University Of Phoenix November 9, 2009 THE CAUSE AND EFFECT OF THE REAL ESTATE application Working in strong solid ground for the past tense 10 years, was wonderful until the last year and a half. The authorized frugality has been faced with ch every(prenominal)enges 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 current estate started virtu altogethery five to six years ago with the many diametrical mortgage programs that were set up by the mortgage companies and lenders. With all the adaptable rate programs, it started the descent of the mortgage industry sluice though we did not feel the raise until three to quartet years later. The mortgage companies and lenders implemented sev eral(prenominal) programs which back fired on the industry, which has aimd a negative effect on our economy. numerous real estate professionals sat back helplessly cognise this was freeing to happen, it was nothing we could do to stop this avalanche make believe 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 big power in the survival of our economy which is why it is burning(prenominal) it does thoroughly in order for our economy to prosper. The downfall of real esta te caused several industries to take a turn ! for the spank, starting with the trapping industry. The housing industry received the biggest hit overdue to the downfall of real estate industry. Many of the employees that are all on the personal line of credit(p) in the construction placement 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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