
Since we are in an economic crisis, the housing market has been struggling as well. Many people are not buying house right now due to the fact that they do not have any money and if they do it is usually being spent on other things. Surprisingly, this is affecting the fashion industry, more specifically, the home fashion industry.
Because people are not buying new houses, or spending money to upgrade or remodel their current homes, the need for home fashions has decreased. Most people are having to spend what money they have are more practical things such as gas and groceries. Even if Americans want to move into a new house or remodel one which they are currently living in, it is usually not possible at this time.
Another factor in the housing market depends on the location the house are being sold in right now. Houses located in areas that are not as flat tend to be a bit more pricey because of the lack of land. Home furnishing stores in these areas struggle more than the home furnishing stores in areas where the land is mostly flat. The housing market is just another example that we are going though an economic crisis and it is also affecting the fashion industry.


