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U.S. Housing Market Trends 1990-2008 by Sudhir Prajapati is a document available to read on EtoBox.

Housing prices were relatively stable in the 1990s but rose sharply between 2002 and 2006, increasing 87% before declining 25% by late 2008. The default rate on mortgages fluctuated around 2% until 2006 when it began rising rapidly, reaching over 5% in late 2008. Similarly, the foreclosure rate was stable until increasing sharply in 2006, driven partly by rising interest rates on adjustable rate mortgages.

Author

Sudhir Prajapati

Language

EN