The phrase
"housing meltdown" refers to a major crisis or disaster in the housing market. It usually means that the prices of houses or properties have dropped significantly, causing a lot of financial problems for homeowners, investors, and the economy as a whole.
Full definition
Synonyms for individual words can be found below.
«housing»
«meltdown»
Sentences with «housing meltdown»
- Some American investors observed what was going on in Canada and were reminded of their recent recent housing meltdown. (moneysense.ca)
- Before the U.S. housing meltdown, authorities there dismissed the idea of a national market. (canadianbusiness.com)
- Meanwhile, flimsy parallels to America's housing meltdown spread through international markets via Twitter; the instant - messaging functions on Bloomberg data terminals; and the financial press, which appeared a tad too eager to cover a crisis. (canadianbusiness.com)
- (see all
sentences)