Title: 2007 Housing Slump
|Date:||May 11, 2012|
|Length:||2 / 559|
|No of views:||0|
|Essay rating:||good 0, average 0, bad 0 (total score: 0)|
If less people are buying homes, mortgage companies will have a smaller customer pool. Construction companies will receive less business because there is already a large inventory of houses in the market, there is less of a need to build new homes since there are no consumers. Retail stores that specialize in home furnishings, especially large furniture, will also see a decrease in sales because there are less people buying houses, and thus result in less people buying furniture and home appliances...
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Retail stores that specialize in home furnishings, especially large furniture, will also see a decrease in sales because there are less people buying houses, and thus result in less people buying furniture and home appliances. Without new houses and new home owners, the influx of customers that needs or will eventually need home improvements and renovations have also lessened greatly...
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