While in the United States all the way around. Index S & P / Case-Shiller Home Price, reflects the dynamics of the U.S. housing market in the third quarter of last year (the latest available data) fell 1.6% on an annualized basis. The number of embedded houses sold in the U.S. court in December 2010 rose to a record level of 2.2 million
Related article: Forecast real estate market in the II half of KievGreenspan said that falling house prices can not borrow under its guarantee. This hampers the growth of consumer spending.
Accordingly, the growth of the housing market will automatically increase the demand for consumer goods and spur the economy.