Housing and Credit Markets affect each other
by nancy Woodward
The stock market is sliding downward. The sad state of the banking sector and less than great hews from home builders has pushed the stock market further down the hill.
Economists fear the results of the collapsing housing market and credit problems will reduce economic growth in the final quarter of the year.
This can also cause a decline in the first quarter of 2008. They are hoping that consumers do not cut back sharply on spending.
The decline in housing combined with declining home values and credit reductions could make consumers wary of spending future dollars.
The stock market is sliding downward. The sad state of the banking sector and less than great hews from home builders has pushed the stock market further down the hill.
Economists fear the results of the collapsing housing market and credit problems will reduce economic growth in the final quarter of the year.
This can also cause a decline in the first quarter of 2008. They are hoping that consumers do not cut back sharply on spending.
The decline in housing combined with declining home values and credit reductions could make consumers wary of spending future dollars.
Labels: credit crunch, housing, housing decline, stock market
posted by Nan at 12:25 PM
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