For decades, investment in real estate has always been one of the key areas of benefits for banks and other financial institutions. Investing in a house was always considered one of the surest ways to safeguard money.
The recession that the nation has faced in recent years is the worst since the Great Depression. It has hit people in almost all areas of life and affected almost every sector of the economy. However, recently there have been indications that the worst is over. Stock markets are improving, home sales appear to be recovering, and affordability is at an all-time high. Looking back, there have been some amazing examples of the long-term impact of the recession.