Real estate industry worldwide is passing through a rough patch with the economic slowdown, which began in the US spreading to other economies across the world. Deepening financial crises, total collapse of the housing and construction markets in the US, rising capital costs, tight credit conditions, and decreased spending by households and corporate sector are all expected to take the wind out of the market's sails in the immediate short term. (PRWeb Jan 19, 2009)
Read the full story at http://www.prweb.com/releases/real_estate_buildings/construction_homes/prweb1869384.htm
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[Source: PRWeb: Business Real Estate]
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