The inventory market crash of 1929 and the Great Depression in the U.S. triggered a serious drop in real estate value and costs and in the end resulted in depreciation of 50% for the four years after 1929. In 1938, an amendment was made to the National Housing Act and Fannie Mae, a government company, was established to function a secondary market for mortgages and to offer lenders extra money to ensure that new homes to be funded. In terms of law, real is in relation to land property and is totally different from personal property whereas estate means the “curiosity” an individual has in that land property. In addition to the movie theater, a property administration office, a residential real estate gross sales office, and a day-care facility would be demolished.
- She cited Hartford Healthcare, positioned at 60 Danbury Road, as one other example of a company expanding its