real estate boom
Housing market explosion
A real estate boom is a period of rapidly rising property values and intense buying activity.
Prices climb quickly, construction surges, and speculation increases as buyers rush to enter the market before prices rise further.
The real estate boom of the mid-2000s preceded the financial crisis.
Booms often end in busts when prices become unsustainable.
- bidding warsCompeting buyers raising prices
- price warsCompeting through lower costs
- seller's marketConditions favoring vendors
- flippingTurning over rapidly
- gentrificationWealthy influx displacing locals
starter homes · scarcity · urban sprawl · displacement · inflation · home prices · property values · housing affordability · foreclosure · urbanization · tax incentives · interest rates · mortgage lending · speculative bubbles · economic growth · demographic shifts · consumer confidence · sellers
- economyGDP, money, inflation, inflation rate, GNP
- Economic Growthexpansion, growth spurt, prosperity, upturn, upswing
- Miami HistoryHurricane Andrew, Cuban exiles, Little Havana, Freedom Tower, Miami Beach
- urban sprawlsprawl, suburbanization, suburbs, subdivisions, tract housing
- urbanizationcity, urban growth, metropolis, urban sprawl, suburbanization
- New York CityManhattan, Brooklyn, Queens, Bronx, Staten Island
real estate boomreal estate downturn
Declining property market conditions
real estate crash · housing crisis · housing crash · market correction · subprime mortgage crisis