The intercontinental Monetary Fund said there’s little expecting the dismal global real estate sector will provide a sustained boost to the in general economic revival.
In its world economic viewpoint for October, analysts at the IMF said improved access to credit and financial innovation led to a increase in leverage by homeowners worldwide, and the deleveraging process may "make the macroeconomic crash of this housing bust greater than in the past."
In the U.S., the IMF said a double-dip refuse in the real estate sector is likely and would expose pockets of vulnerability in the banking system. There are manifold issues within the space that remain "threats to the easily broken stabilization" of the economy, according to the IMF analysts.
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