A drop in interest rates gave a welcome fillip to the housing market.

降低利率给房屋市场带来利好刺激。

《牛津词典》

But the initial drop was down to causes more specific to housing.

但初始的下跌最主要还是由住房的具体因素造成的。

youdao

However, once interest rates began to rise and housing prices started to drop moderately in 2006-2007 in many parts of the U.S., refinancing became more difficult.

然而，一旦利率开始回升，房地产价格于2006 - 2007年在美国许多地区开始适度下降，再融资变得更加困难。

youdao

Just last week,the Commerce Department reported an unexpected drop in December in the number of housing starts by builders.

VOA: special.2011.01.24

Last week saw positive U.S.economic news, with increases in home sales and housing prices, a jump in manufacturing activity, a drop in new jobless claims, and a new growth figure showing the economy shrinking far less than had been anticipated.

VOA: standard.2009.08.02

If anyone was in a position to understand the consequences of a sharp drop in housing prices, it was the Fed.

FORBES: And Deliver Us From Systemic Risk: The Fed Transcripts

A. Gary Shilling says it will take another 20% drop in housing prices to bring them in line with their historical trend.

FORBES: Housing Bottom Comes When People Swear Off Houses

China simply can't afford a sharp drop in housing prices because it will affect investment, which will in turn damp economic growth, Mr. Ren says.

WSJ: Outspoken Real-Estate Executive Makes Few Friends Among Public