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Please enter a keyword or topic phrase to perform a search. This paper discusses such issues as the cost of real estate objects and factors that have influenced this cost up to the present period. A real estate market is multidimensional issue. It means that the issue should be approached from the different sides. The author of the article describes the situation in the real estate market in the following words: In spite of the recession in the United States of America, the real estate market of the country demonstrates the presence of rather high prices for buyers.
The author explains the reason of such a situation in the following words: Besides, the article states that the owners of the other housings are posed to receive benefits from the units. This is largely so because this sector of the US economy is debt-free. If to take a look at the New York real estate market, one can notice a very interesting peculiarity.
That peculiarity explains why real estate units are able to generate profits. Bradford Perkins, the co-founder and chairman of Perkins Eastman Architects in Manhattan, mentions the idea that long approval processes is able to raise prices of buildings as well as that of the labor. If to speak about interest rate for building loans, one should take into account the bilateral nature of this questing.
The situation is largely reasoned by the crisis that is concerned with the US mortgage market.
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Real estate has been a driving force in world economies since the days of Babylon, one of the most fantastic developments the world has ever known, and the desire to create, not destroy, is alive and well. As the world grows more populous and available land diminishes, the opportunities that real /5(11).
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