The fall of housing market
A United States housing market correction is a market correction or "bubble bursting" of a United States housing bubble; the most recent one started in 2005. A real estate bubble is a type of economic bubble that occurs periodically in local or global real estate markets.A housing bubble is characterized by rapid increases in the valuations of real property such as housing until unsustainable levels are reached relative to incomes, price-to-rent ratios, and other economic indicators of affordability. This in turn is followed by a market correction in which decreases in home prices can result in many owners holding negative equity, a mortgage debt higher than the value of the property.
