Conventional wisdom held that housing prices couldn’t fall. But the
spectacular boom and bust of the housing market during the first
decade of the twenty-first century and millions of foreclosed
homeowners have made it clear that housing is no different from any
other asset in its ability to climb and crash.
Housing and the Financial Crisis looks at what happened to prices and
construction both during and after the housing boom in different parts
of the American housing market, accounting for why certain areas
experienced less volatility than others. It then examines the causes
of the boom and bust, including the availability of credit, the
perceived risk reduction due to the securitization of mortgages, and
the increase in lending from foreign sources. Finally, it examines a
range of policies that might address some of the sources of recent
instability.
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Produktdetaljer
ISBN
9780226030616
Publisert
2018
Utgave
1. utgave
Utgiver
Vendor
University of Chicago Press
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter