When the (thin) equity cushions quickly evaporated during
the recent housing bust, refinancing mortgaged homes became very difficult and often impossible for these individuals,» wrote the authors.
In the United States, it took many months for mortgage defaults to fall after the most
recent housing bust — and energy companies are struggling to pay off the cheap money that they borrowed to pile into the shale boom.
Olsen says Atlanta has lots of modest - priced homes because property values tanked during
the recent housing bust and have yet to fully rebound.
Not exact matches
A
recent paper by the International Monetary Fund warned that «
housing busts and recessions preceded by larger run - ups in household debt tend to be more severe and protracted.»
Some of these shots depict
recent housing developments that went
bust and now seem like ghost towns, while others depict the remains of the Old West streets constructed to shoot the so - called spaghetti Westerns in the 1960s and»70s.
Twenty - somethings are not borrowing money to buy homes at the rate they were a decade ago — a trend that may have as much to do with high levels of student debt and poor job prospects as it has to do with trauma from the
housing bust, according to new research and analysis discussed at the
recent National Association of Real Estate Editors (NAREE) conference.
Canadian
housing markets have boomed in
recent years with extremely high levels of starts, sales and price gains, but the report's authors say «the country's real estate markets have generally lacked the degree of speculation that dominated past boom -
bust cycles and the excesses have been far less than those evident in the U.S.»
«We more than doubled the number of PV home sales analyzed, examined a number of states outside of California, and captured the market during the
recent housing boom,
bust, and recovery.»
The hedonic procedures used to create the index are described in «Hedonic versus repeat - sales
housing price indexes for measuring the recent boom - bust cycle,» by Dorsey, R.E., Hu, H., Mayer, W.J., and Wang, H.C., Journal of Housing Economics 19 (2), 75 &mda
housing price indexes for measuring the
recent boom -
bust cycle,» by Dorsey, R.E., Hu, H., Mayer, W.J., and Wang, H.C., Journal of
Housing Economics 19 (2), 75 &mda
Housing Economics 19 (2), 75 — 93.
According to a
recent Zillow report, the average home is now worth $ 55,200 more than it was at the bottom of the
housing bust.