Sentences with phrase «resulting real estate crash»

Prior to the well - publicized burst of the housing bubble and the resulting real estate crash that began in earnest in 2007, historical housing price data from the National Association of Realtors (NAR) seemed to support the theory of endlessly rising prices.

Not exact matches

The most precipitous real estate crashes in Canada in the past 30 years — Calgary during the 1980s oil bust and Toronto in the early 1990s recession — resulted in losses of 25 % to 28 % in the average price of a house.

In the early part of last century, it was the building out of railroads, resulting in skyrocketing real estate prices and ending in yet another crash of both Florida real estate and railroad stocks.

Another major crash occurred in 2008 in the housing and real estate market and resulted in what we now refer to as the Great Recession.

Thus far, the decline in real estate prices has been linked to everything from the Wall Street crash and tightening credit markets to lax lending practices by Fannie Mae and Freddie Mac and the resulting low interest rates that contributed to artificial inflation of home prices.

Cutaia's downward spiral was the result of bipolar disorder, a gambling addiction and the real estate crash, Friedman said as he unsuccessfully argued that the businessman deserved no more than two years in prison.