An Indication of Recovery Comes up in the Real Estate Market of USA(2009/7/29)

Chris Taranaki is a broker in one of the land sales companies in Woodside Queens. Recently, there are more people asking him to see the houses.

Chris said, "&Recently, it is the first time for many people to buy houses. They get the cash allowance from the government?��s stimulus plans. Meanwhile, because of the down regulation of price for house, people think it is the best time to buy houses."&

Economist reckoned the phenomenon of grounding in the real estate market is more obvious. It is a good news for the recessionary American economy.

Maury Harris the economist said, "&As we all know, the crisis of the real estate market is the main cause to this economic depression. And its recovery will bring us leaving the recession. Now, what we see is just the way."&

But the analysis also pointed, it is not enough to make American economic recovery only by the recovery of the real estate market. The rise of consumption expenditure and decline of unemployment rate are the essential.
(by China Leiyuan, 2009/7/29)