Housing Prices

Housing PricesThe housing bubble is a term that is used to describe the rapid escalation of house prices in the United States between 2000 and 2007. The housing bubble in the US caused a significant financial crisis that led to a recession. The housing market was not just a bubble but also an asset class, which contributed greatly to the overall financial crisis. The housing market has been on a downward trend since then, which has led to many people losing their homes due to foreclosure or bankruptcy.