Not exact matches
One of the reasons behind this frozen
market scenario is that the U.S. economy has been stuck in a vicious cycle: A
slow moving housing
market saps the economy's strength, and the ensuing weakness — high unemployment,
slow wage growth — this all means that fewer people are leaving their parents home for one of their own.
Unfortunately, if pessimistic predictions pan out that the U.S. economy will generate
slower growth going forward, then stock
market returns of only five per cent a year would bring about the gloomier
scenario.
As the housing
market continues its
slow climb from the abyss, successful agents and brokers will contribute to the recovery by clearing the
market of the huge overhang of distressed properties and — in a rare win / win
scenario — grow their own businesses in the process.