The consequences of falling house prices include rising unemployment rate, economic impact, bankruptcy of developers, serious currency depreciation and credit impact.

1, unemployment rate rises

Falling house prices will lead to an increase in unemployment. The real estate industry is an industry that many families depend on for survival. Falling house prices will reduce the income of buyers, thus increasing the number of unemployed people.

2. Affect the economy

Falling house prices have a serious impact on the economy, including consumption, investment and employment. In addition, falling house prices will also trigger financial risks and affect economic development. At the same time, falling house prices will also have an impact on other industries, leading to a sharp reduction in the economy.

3. The developer will go bankrupt.

Falling house prices will lead to the bankruptcy of developers, and developers will face the risk of breaking the capital chain. Blind price reduction will lead to the break of the developer's capital chain and eventually lead to the bankruptcy of the company.

4. Currency devaluation is serious.

Falling house prices will lead to a serious devaluation of the currency. Not only is there no hope of preserving value, but funds will also flow out. Moreover, the state will not allow banks to close down, and saving banks can only print money crazily and accelerate currency depreciation.

5. Affect credit

Falling house prices will affect credit, and borrowers may face the pressure of not being able to repay their mortgages, even affecting personal credit.