Market has played in the growth or decline of the economy

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Reference no: EM132302677

During the past seven weeks or so, I have expected you to follow the US Economy and the role that the US real estate market has played in the growth or decline of the economy. I have had the expectation that you will have developed a fuller understanding of the real estate market and the role it plays as a cornerstone US industry. The marketplace experienced high level of volatility (2008-2010) not seen in more than 50 years.

It is now estimated that we will have experienced private homeownership rates drop to levels not seen since WWII and that there is a high probability that 10% of families who lost homes during the mortgage meltdown will never own a home again.

Simply put, is the US real estate market a primary driver in the US economy and what are your thoughts as you have observed the market for the past 5 or so years?

More importantly, what is your considered opinion as you look into the future of the housing market for the next couple of years?

Reference no: EM132302677

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