Many studies have been carried out to show the recent changes in the
real estate market. The results show that the country has got many absolutely new buildings lately and the market has been developing the fastest than all the previous years. One of the researches is connected with
New York development and it says that during the eight years the city has built about 200 000 new houses and flats. But till the beginning of 2009 the market has fallen almost completely. And the authorities are really worried about the situation.
It has got very difficult to get a
mortgage and this has influenced the number of people who want to
buy a house. They say that such New York districts as
Brooklyn and Queens were hit by the crisis, because the people living there have lost their incomes and had to face
foreclosures or to
sell a house. Some are not able to take a loan because of the same reason – low incomes.
At the same time there can be seem some improvements in the financial district, but there are not many apartments there, which can contribute to the residential real estate market.