real estate downturn
Housing market decline
A real estate downturn is a period when property values decline, sales slow, and the housing market weakens.
Downturns may last months or years and often follow periods of rapid price growth or coincide with broader economic recessions: Many homeowners found themselves underwater during the real estate downturn.
The opposite is a boom or bull market.
- housing crashSudden property value decline
- foreclosureLender seizes mortgaged property
- market collapseSudden severe price drop
- bubble burstSudden end of inflation
- housing crisisSevere lack of affordable dwellings
price drop · home values · underwater mortgage · upside down · recession · slump · market bottom · depreciation · distressed property · bank-owned · fire sale · short sale · vacancy · negative equity · walk away · subprime · no money down · 2008
real estate downturnreal estate boom
Rapid housing market growth
housing boom · real estate bubble · housing bubble · seller's market · property appreciation
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