Inter Campus News

There are five stages, which determine the factors of real estate. They include the retail sector, industrial sector, commercial sector, investment sector and residential sector. In US, the market has slowdown. People are paying more taxes and more interest in their loan. For real estate, all the market sectors play an important role but the residential housing market is most influential. The residential rates begin with the bank rates and the consumer interest rates. When interest rates are low housing demands are high and as the rates climb demand begins to slide. The real estate market also depends on the unemployment rates. The lower unemployment is the great the demand for houses, the higher the house sales, and the higher the selling price. Therefore, as interest rates go up and unemployment rises there are changes in the market. US Real Estate Market has acquired a gigant buy my house ic silhouette and involves real estate agents, realtors, homebuilders, mortgage loans, insurance companies and other housing related industries. It is difficult to think of buying or selling of house in US. The main reasons for USA foreclosure are increased interest rate on Adjustable Rate Mortgage and subprime home loans. The slump in home prices is decreasing even the construction of new homes fell by 14%. Prices fell in half of the nation?s major markets and ?existing home sales declined in 40 states. US economy is in danger of a recession that will prove unusually long and severe. Continuous buoyancy of the financial markets makes the economic situation worse. With that, sales are down, profits are eroding, and the building industry is facing a steady downturn there is also shrinking GDP. There is high rate of foreclosure in market. Many working class Americans are unable of pay off loans.