How does the housing market affect the united states economy?
The housing market contributes 10% of the total U.S. economy's output. If real estate declines, so do construction jobs, thus potentially increasing unemployment.
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About Real Estate
Real estate refers to property such as homes, buildings, land and other property that is immovable. The real estate business is one of the largest in the U.S. and bad loans made by irresponsible financial institutions were one of the main causes of the great recession of 2008.
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