Sample Essay
The real estate industry has been undergoing significant changes in the last couple of years as a result of the industry failure in 2006. Mortgaging is one of the main forms of financing activities conducting the real estate industry, which in particular has suffered in the recent economic crises. Business practices pertaining to lending to the sub prime market as well as an imminent financial recession were the main factors contributing to the crash of the mortgage and housing industry in theUnited States. The following essay explores and analysis the articles presented in Newspapers and periodicals the like of Newsweek, New York Time and San Francisco Chronicle highlighting various issues and aspects of mortgage and finance in the real estate industry.
The article by Bob Tedeschi published in the New York Times titled ‘Cracking Down on Certain Brokers’ highlights that while the mortgage crisis that is being faced by the real estate industry has effected the lives of many in a negative manner by causing economic problems and high level of debt, the crisis has had a positive impact on the real estate industry by driving out the risky loans and unsophisticated mortgage lenders out of the industry.
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