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Thread: US real estate market recession may cause serious economic drag
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[quote=DREAMLIFE,251690]Influenced by the subprime crisis, US real estate market recession has become worse and worse. The sales of houses in September dropped about 8%, hitting a new record low. What's more, the sharp drop in housing demand shows that the real estate market has entered its worst period. The constant falling in housing prices and the drop in housing demand surely have negative impact on economic growth. Last month, the Fed cut the interest rate to prevent economic recession. However, it did not meet their expections. Dollar has been depreciating for a while. If US can not find effective ways, I guess the economy will really go into its downturn.[/quote]
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