Back to news
Next article
Previous article

EDHEC Finance Club: real estate in the US

Network

-

11.12.2010

While there were real fears of a Double Dip in the US economy or, worse, of a Japanese-style scenario in the summer, following the announcement of GDP well below expectations, these fears appear to have receded thanks to a more stable US real estate market.
In effect, with the number of home sales up 4.3% in August and 9.95% in September 2010, the real estate crisis seems to have tamed, at least for the time being. These figures are especially important given that the crisis began with the collapse in sub-primes and the slump in real estate prices in 2007. Recovery was all the more difficult with the subsequent economic downturn that affected millions of Americans. As the spectre of unemployment appeared as a sword of Damocles ready to fall on anyone at any moment, householders found it hard to get loans to buy new homes.
Economists are therefore upbeat about this apparent stability, which could simply be the result of the momentum created by the government at the beginning of 2010 when it offered new home owners an 8000$ tax rebate.

Like
468 Views Visits
Share it on

Comments0

Please log in to see or add a comment

Suggested Articles

Network

EDHEC Rendez-vous 2024: "The place to be"

profile photo of a member

ERWAN ROUXEL

March 28

Network

Alumni Connect - Serve as a Mentor or get support from Experts

profile photo of a member

BRIGITTE MAISSA

March 16

1

Network

EDHEC Alumni Powered Up Challenge

profile photo of a member

BRIGITTE MAISSA

May 26

4