In the first half of this year, the country launched a vigorous inventory campaign. The people in the first and second tier cities responded to the party’s call and joined the destocking team to support the price. Real estate is related to the lifeline of the national economy. Once there is a problem in real estate japan property agency
, it is a big problem. All countries will issue corresponding rescue policies. The United States, Russia, Japan, Thailand, including China’s Hainan and Beihai have all experienced serious real estate bubbles japan property agency
. After the bubble burst, how do governments respond? What is the final result? The latest research report of Shanghai Yiju Real Estate Research Institute, “National Real Estate De-stocking Status and Trend Research Report” elaborated on how the government introduced policies to deal with the crisis after the real estate bubble burst in the United States japan property agency, Russia, Japan and Thailand. Foreign past cases, explore the status and trends of China’s real estate destocking. 1 US: Four major policies help the property market to pick up In 2008, the US financial crisis caused the bad debts of real estate subprime mortgages, and the US economy was hit hard. The real estate bubble burst, the market is sluggish, and stocks are backlogged japan property agency. In the next few years, overcapacity in the real estate industry has caused great damage to the US economy, and the cleanup of overcapacity has gone through a long process.The number of new private homes in the United States has dropped from 2.06 million in 2005 to 550,000 in 2009. Housing prices continued to fall, and the Case-Hiller home price index fell 27% from its 2005 high, which lasted for seven years until 2012. New home sales fell from 1.28 million units in 2005 to 300,000 units in 2012 japan property agency, a drop of 76%. In order to digest a large amount of real estate stocks, the US government has introduced four major support policies. The first is to print money and implement a quantitative and loose monetary policy. The US Congress introduced a $1.1 trillion monetary stimulus bill. This fund is mainly used for expenditure on infrastructure construction, stimulating the economy, revitalizing the stock of real estate, reducing taxes for enterprises and increasing market vitality japan property agency. Then rescue Freddie and Fannie Mae. Fannie Mae and Freddie Mac are the main sources of funding for US home mortgages. The total amount of mortgages they hold or guarantee is about $5.3 trillion, accounting for almost half of the total US home mortgages at the time. Affected by the bursting of the US real estate market bubble.
Fannie Mae and Freddie Mac are in a full-blown crisis, and the US real estate market and financial markets are facing systemic risks. On September 7, 2008, the US government announced that it would take over Fannie Mae and Freddie Mac. According to the takeover plan, the US Treasury will inject $100 billion into Fannie Mae and Freddie Mac by purchasing preferred stock. The CEOs of Fannie Mae and Freddie Mac were ordered to leave.