It was a moot point, however, because as the transcripts from 2004 to when housing prices started to drop in 2006 show, it was unfathomable to those in the room that a deep and long - lasting housing crash could actually occur. (canadianbusiness.com)
Since the last housing crash, the nation's homeownership rate dropped to a record low and has hovered near there for the past year. (nbr.com)
During the last housing crash we saw prices drop 50 % or more in some areas and many people were hurt badly by the crash. (thecollegeinvestor.com)