Real Estate Market Crash In America

Years ago when the real estate market crashed many Americans were effected. Not only people looking for homes but also people that had a job relating to this field. It started making many Americans second-guess their jobs or their life goals. There were also people trying to make money and sell their homes but were not able to because no one was willing to buy. During this time my family was one of the many looking to buy a house and we were put off due to the impact of the crash. While all of these things were going on our dream of having a family home was put off. Therefore, we ended up saving up more money because; we thought there was no return for the market. My family felt as if we would just have to end up buying a more expensive home …show more content…
That is not to over estimate our economy. No one expected this to happen and then one day it just hit and no one knew what to do or how to handle it. Countless people lost money and jobs along with families that could not find a home. It is because our economy was pushed to a breaking point and the people that were affected were those people in real estate. Many had to cope on lower salaries and others had to deal with the homes that were no longer compatible for them. Americans also learned to take control of a moment when it is presented. Before the real estate catastrophe happened Americans would wait another year to buy a home just to see if there would be a better offer, but now we are known to buy something when we get a good deal out of it the first time. It changed a lot of aspects in the economy as well. It started making people realize their impact on the economy and we are looking at how to make it more stable. During this time there were a lot of things and people effected and it started making people, America as a whole, look at the bigger scheme of …show more content…
Before the rough patch relators were pretty harsh and took their jobs to the next level. When real estate started coming back they were more open to what buyers wanted. Properties and houses are selling at a lower rate than they ever have been and people are wanting to buy more. Since relators are having the “I just want to put food on the table” motto they are willing to work with buyers prices. Therefore making it easier for people to buy houses in general. The whole house buying experience is all together easier for people now because the crash made people realize that relators need their jobs and people want to continue to buy houses. So why not make it easier and cheaper for someone to get a home when it benefits the American economy and also the people that are involved in the home being