Bubble in US house prices collapsed
The bubble in US house prices—which had seen house prices grow at an anualized rate of 8% between 1998 and 2006—collapsed in 2006/07 as the supply of easy credit began to dry up.


US Real Home Price Index 1900 to 2007


Source: Robert Shiller (via Sequoia Capital)
Immediately related elementsHow this works
-
The Global Financial Crisis »The Global Financial Crisis
Immediate triggers of the financial crisis? »Immediate triggers of the financial crisis?
Bubble in US house prices collapsed
Household debt service ratio rose steeply »Household debt service ratio rose steeply
Personal savings rate evaporated »Personal savings rate evaporated
Demographic changes as baby boomers move to retirement »Demographic changes as baby boomers move to retirement
Large high risk loans predicated on rising house prices »Large high risk loans predicated on rising house prices
Mortgage equity withdrawls no longer self sustainable »Mortgage equity withdrawls no longer self sustainable
Vicious circle once the collapse gets underway »Vicious circle once the collapse gets underway
House price bubble in the US »House price bubble in the US
+Komentarai (0)
+Citavimą (0)
+About