Housing market in US
The crisis in US housing market had serious impacts on various other sectors and this has caused discussions and analysis happening in this area. The country’s economy as a whole was affected and this resulted in unemployment as well as decrease in GDP.
The prices of houses had fallen and there was a reduction in the amount of sales happening in this part of the world. The housing market depended greatly in the home prices and the interest rates of housing loans. This affected the confidence level of consumers and worsens the US economy as a whole. This will affect the economy in other parts of the world.