The stock market crash of 1929 and the Great Depression in the U.S. brought on a serious drop in real estate price and prices and ultimately resulted in depreciation of 50% for the 4 years after 1929. In 1938, an modification was made to the National Housing Act and Fannie Mae, a authorities agency, was established to serve as a secondary market for mortgages and to give lenders more cash in order for new houses to be funded. FIU is certainly one of fewer than seventy five universities in the United States that gives an undergraduate main in real estate. …
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