Slump in Housing Market
Housing market boom is slowing quicker than it was expected earlier in spite of the reports that Federal Reserve may increase the interest rates. US Dollar is becoming weaker against the Euro and the Yen as a result of the down trend in Housing market. Hence, Investors are attracted towards the Lower Interest rates in
In the wake of the 2001 recession, Federal Reserve reduced the interest rates to revive the economy. Stocks, Internet and housing market boom has replaced with that decision. Housing market became the heart of the economy after the recession period.
It’s the time to rethink about the interest rates to boost up the Housing market. But Housing Slowdown is significant to slowing economic growth and as well as to moderate the inflation rate.
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