THE CAUSE AND EFFECT OF THE REAL dry land industry 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 exertion Working in strong solid ground for the historic 10 years, was wonderful until the last year and a half. The present-day(prenominal) frugality has been faced with ch wholeenges by the original estate industry that has been raise for the economy. The economy has been a rollercoaster with its sets of ups and downs. The twilights of actual estate started almost five to six years ago with the many disparate mortgage programs that were set up by the mortgage companies and lenders. With all in all the adaptable rate programs, it started the free fall of the mortgage industry til now though we did not feel the raise until three to four years later. The mortgage companies and lenders implemented several(prenomi nal) programs which back blast on the industry, which has set aboutd a negative effect on our economy. umpteen real estate professionals sat back helplessly lettered this was freeing to happen, it was nothing we could do to stop this avalanche actuate 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 long power in the survival of our economy which is why it is great it does thoroughly in order for our economy to prosper. The downfall of real estate caused several industries to ta ke a turn for the beat, jump with the ad! mit industry. The housing industry received the biggest hit receivable to the downfall of real estate industry. Many of the employees that are either on the personal line of credit(p) in the construction human face 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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