Business Communications

Housing Woes in U.S. Spread around Globe

This article is about the housing woes is not just in the U.S. its spreading around the Globe. The real estate prices are going up all over the globe in Irish countryside, Spanish coast, Baltic seaports, and northern India. This is happening all because of economic growth all around the world, its not just affect the homes also the jobs as well. These other countries housing markets that have gone up in the last decade is going to be in bad shape. Analysts predict that these countries are going to be far worse than the United States and eventually become wholesale collapse.

Some analyst’s say this is the U.S. fault that other countries housing market is bad. The world problems are a result of American contagion. Analyst worries that other county will be affect by the mortgage defaults and foreclosures that have afflicted California, Florida and other states. They feel this problem will not slow down in the untied states but it will get far worse in the other countries in Europe where properties well going fast have declined rapid. The problems in the U.S. are being transmitted to Europe,”

The stock market declines and gas prices are up so peoples money is tight and the not investing in property