My little corner on commercial real estate
People who want to rent home or apartment prefer to deal through real estate agents and also prefer that the maintenance of a property is also done by the real estate agent. The worldwide financial crunch has had a bad impact on the real estate business. The economic crunch has had the worst impact on the real estate business. People cannot afford the high interest rates that are being charged by mortgage companies and financial institutions and have stopped dealing in property. Due to loss of job, business and income, home owners could not pay off their mortgages and have been forced to sell their homes.