The Housing Market Effect On The Economy

Every homeowner has surfed the web to get a sense of housing values in the neighborhood. The plunging home prices continue to put a drain on the economy. The lowest mortgage rates in history have not been a big enough bonanza for many prospective home buyers to take advantage of the unparalleled combination of historical rates and attractive home prices. How much does real estate contribute to the economy is open for debate. Some pundits say as little as 10% and other economist estimate as much as 20% of the economy is real estate related. Housing has a domino effect on the economy. A decline

View original article here ...