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The U.S Economy, the hostage of the real estate sector

By Implode-Explode Heavy Industries

"The real estate sector is a staple element of the U.S economy, and hence its growth or lack thereof can be seen as an indicator of the state of the entire economy. Meanwhile, homes are the main pivot of activity within this sector on one hand, and the general economy on the other hand. When the Chairman of the Federal Reserve Ben Bernanke warned that the housing crisis will continue for some time, he pointed out that the real estate sector hogs 30 percent of the total value of investments made by American consumers."

Full post as published by Mortgage Lender Implode-o-Meter on September 14, 2010 (boomark / email).