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Housing economists point to five main reasons that the market will not crash anytime soon: low inventory, lack of new-construction housing, large amounts of new buyers, strict lending standards ...
Since the Great Depression, the next most dramatic economic crash of the day came in 2008-09, when the overinflated housing bubble burst, sending the U.S. economy into free fall and devastating...
“A crash happens with oversupply,” Yun says. “A 30 percent decrease will not happen, because there isn’t enough inventory.” He believes the housing supply will balance out within five years.
But this isn’t like 2008 or 2010 again. It’s time for a 1980s history lesson. ... “Today’s housing market isn’t anything like the housing market of the mid ... While some economic ...
Single-family housing starts, which account for the bulk of homebuilding, plunged 6.9% to a seasonally adjusted annual rate of 970,000 units last month, the Commerce Department's Census Bureau said.
Powell’s threading a tricky needle—the housing market is a big driver of the domestic economy, and overstressing it by keeping interest rates high for too long could threaten the rest of the ...
A housing market crash is characterized by a sudden and severe drop in home values, typically exceeding 20% from peak to trough. The 2008 financial crisis is a prime example. The 2008 financial ...
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