housing crash
Real estate plunge
A housing crash is a rapid, severe decline in home prices, typically following a period of unsustainable growth.
The term evokes sudden collapse rather than gradual correction.
The 2008 housing crash triggered a global financial crisis when mortgage defaults cascaded through the banking system.
They bought at the peak, right before the housing crash wiped out their equity.
- foreclosureLender seizes mortgaged property
- bubbleAir-filled film sphere
- mortgageSecured home loan
- subprimeUnder top credit tier
- adjustable rateInterest that fluctuates
predatory lending · recession · Great Recession · collapse · 2008 · eviction · underwater · negative equity · default · short sale · bankruptcy · Wall Street · too big to fail · bailout · lending · speculation · downturn · real estate
- 2000siPhone, Wii, MySpace, YouTube, Hurricane Katrina
- economic downturnsrecession, deflation, economic collapse, market decline, depression
- Financial Crisisfinancial crisis, Great Recession, recession, credit crisis, bank failures
- financial failuresbankruptcy, insolvency, foreclosure, liquidation, default
- housing crisissubprime mortgages, foreclosures, subprime loans, foreclosure, mortgage default
- Market Crashesmarket collapse, collapse, Black Monday, Black Tuesday, Black Thursday
housing crashhousing boom
Rapid residential construction increase
real estate boom · housing bubble · real estate bubble · seller's market · property appreciation
housing, crash, house, houses, housed, housekeeper, household, housework, crashes