Credit crunches or financial crises have great impacts on many industries. And the most evident field that suffers from it is the real estate market. This financial mishap has been around since free-market trading began. It has affected real estate markets all over the world that led to bubbles, meaning there has been a surge in equity prices followed suit by drastic price drops. The main result of these economic cycles in real estate if currently manifested through massive foreclosures and bankruptcies.Early indicators of market crashes occurred in the 1980s. The United States has been one of the primary areas where saving and loan crises occurred. There had been massive deregulation in the financial industry when savings and loans started having higher interest rates even on short-term deposits. There had been risky investments on questionable deals. Such situations transpired as bull markets of the 1980s seemed appealing for investors.These bull markets are initially characterized as reflective of an investor’s confidence in buying and dealing. But then again through the savings and loans high interest rates at that time, losses began to unfold. The United States’ federal government had then formed the Resolution Trust Corporation or RTC which was initially organized to salvage investors’ miscalculated real estate property buying and selling. RTC somehow prevented further financial collapse among industries, especially the market. However, at the onset of early 1990s, there are already over 500 savings and loans that were suffering from recession.Furthermore, the United States’ credit crunches in terms of property equities suffered gravely. There had been too much property valuations and overconfidence of real estate key players, particularly the optimistic investors. The RTC efforts to rescue the industry may have had fostered some help but the losses remained to be one of world history’s greatest bull market failures.Japan experienced the same failures. Although the credit crunches in this country were less drastic, the aftermath was of inferior quality. The bubbles experienced in Japan even resulted to the great depreciation of the real estate properties underneath the Royal Palace in Tokyo. Still during the late 1980s, the said real estate property locations amounted to have worth excessive than those in the entire property valuations in California, USA. When prices eventually dropped, the Japanese markets have seriously affected the country’s banking system. Japan’s economy was then enforced to have a prolonged recession. In fact, the Japanese stocks as the country’s 2008 economic status revealed that these were more than 75% decreasing than the highest stocks of 1989.As of today, the United States has been suffering from here and there housing bubbles. California, Nevada, Michigan, Florida and Arizona are only of the few states that have suffered from declining real estate markets due to financial blows. California alone had ten cities included in nationwide’s worst housing markets.The real estate crises are experienced both in commercial and residential sectors. The credit crunches are experienced through mortgage delinquencies and widespread foreclosures. Although there have financial augments like the federal tax credit for first-time home buyers, credit crunches and bubbles still continue to affect real estate markets and financiers. Without much government assistance in terms of financial aids, then the market would continue to experience failures.

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