Korrektur

English translation: correction in the housing market, slow-down in the housing market

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Korrektur
English translation:correction in the housing market, slow-down in the housing market
Entered by: Kathryn McFarland

01:48 Apr 13, 2007
German to English translations [PRO]
Bus/Financial - Economics
German term or phrase: Korrektur
In den USA wird sich das verlangsamte Wachstum aufgrund der anhaltenden Korrektur auf dem Immobilienmarkt mindestens bis Mitte 2007 fortsetzen.
Kathryn McFarland
correction in the housing market, slow-down in the housing market
Explanation:
this is what is happening right now in the US

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Note added at 2 days12 hrs (2007-04-15 14:08:26 GMT)
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People do not out of their free will lower the selling price on their house. The economy dictates that the prices are lower and that the housing starts decline. Therefore, these are not measures that are taken, but automatic responses to the economy. People will always want to get the highest price for their house, a builder will always want to build as many houses as possible.
Selected response from:

Saskia
Local time: 13:30
Grading comment
Thanks!
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +4correction in the housing market, slow-down in the housing market
Saskia
3 +2on-going .... adjustment in....
Camilla Seifert
3corrective measures
Raghunathan Rajagopalan


  

Answers


2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
on-going .... adjustment in....


Explanation:
When one speaks of KORREKTUR in the economic sense, it can also refer to an ADJUSTMENT in the sense of VERÄNDERUNG.

Camilla Seifert
South Africa
Local time: 20:30
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in GermanGerman
PRO pts in category: 12

Peer comments on this answer (and responses from the answerer)
agree  Regina Freitag: I like "adjustment", because it renders the exact meaning
9 hrs

agree  Kcda: ongoing corrective measures or adjustments are commonly used
1 day 14 hrs
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3 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
corrective measures


Explanation:
in the economic sense

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Note added at 3 hrs (2007-04-13 05:01:56 GMT)
--------------------------------------------------

http://www.britannica.com/eb/article-61129/economic-systems

Raghunathan Rajagopalan
Local time: 00:00
Native speaker of: English
PRO pts in category: 10

Peer comments on this answer (and responses from the answerer)
disagree  Saskia: These are not measures that are taken, but are responses to the economy.
5 hrs
  -> Sasika, I think, it can be interpreted either way. Corrective measures is preferable here

agree  Kcda: ongoing corrective measures... Yes, commonly used in economics to describe methods etc.
1 day 14 hrs
  -> thanks Kcda
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21 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +4
correction in the housing market, slow-down in the housing market


Explanation:
this is what is happening right now in the US

--------------------------------------------------
Note added at 2 days12 hrs (2007-04-15 14:08:26 GMT)
--------------------------------------------------

People do not out of their free will lower the selling price on their house. The economy dictates that the prices are lower and that the housing starts decline. Therefore, these are not measures that are taken, but automatic responses to the economy. People will always want to get the highest price for their house, a builder will always want to build as many houses as possible.

Saskia
Local time: 13:30
Native speaker of: Native in DutchDutch, Native in EnglishEnglish
PRO pts in category: 4
Grading comment
Thanks!

Peer comments on this answer (and responses from the answerer)
agree  Alexandra Blatz
2 hrs
  -> Thank you, this is what the news media call it.

agree  Paul Skidmore
4 hrs
  -> Thank you, the papers are fulll of it.

agree  Julia Lipeles
12 hrs
  -> Thank you.

agree  Annette Scheulen
15 hrs
  -> Thank you/

neutral  Kcda: on the basis of corrective measures/adjustments in the housing market
1 day 17 hrs
  -> I don't understand your response.
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