American real estate

American real estate is one of the biggest markets in the world which attract investors from all parts of the world. During the present year as the world is facing the heat of recession the real estate industry of America is not untouched. It is true that the real estate has seen the worst of all times in the present market situation. The prices of each and every property is declining and helping in decrease of return on investment. The main reason of this huge impact was the easy accessibility of home loan, with less than 10% down payment for the property. Due to this, more and more people started to invest without any regulation on them, forcing the market to reach the saturation point.

It was during 2005 that the american real estate was booming due to easy availability of loans from banks and financial institution in America. According to J.P. Morgan Chase, the recent downturn in the market will slide the real estate market by around 18% to 20%. It also emphasized that the market may fall below 30% in some parts of America due to these meltdown.

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The meltdowns also further got worsen due to huge crunch in the liquidity, forcing the banks and other financial institution to stop granting of loans. The home owners and other investors are crying fowl due to these as they are not able to extend their loan period. These have forced many people to opt for foreclosure of their property. The real estate market in America has seen the worst as suggested by some well known experts. According top them the market is affected more than what it had faced during the meltdown in 1990’s. The number of commercial office being constructed in America is well below the number of construction done during 1990’s meltdown.

The cost of property is falling day by day due to finance becoming costly and difficult to get. The problem is worst for those home owner and investors who invested money for short period of time and as such took loan for very short span of time from bank. The condition of these people is so bad they were left with one option which is foreclosure. The banks and other institution are not helping the people to extend their loan period and forcing them to sell their house and property for lesser amount and thereby incur huge loss.

Undoubtedly the american real estate market has seen its worst nightmare, but it is just a lesson for these people and investors to look upon and think over their investment policy. The government should also learn from it and implement some rules and regulations, while dealing with the real estate market. In the mean time, though the market is reviving from the worst phase, it is up to the Government of America to decide over the future policy and impose some regulations over these financial institutions and banks, to regulate issuing of loans to the investors and other people of America.