explain the 2008 housing market crash in simple language please
Answers
Answered by
0
Answer:
Due to low-interest rates, people began to take more loans to buy homes (Home mortgage loans). The demand for houses increased and hence its price. ... This increase in the supply of funds in the US-led to a decline in interest rates. People borrowed more to buy homes and the prices increases.
Answered by
0
Answer:
The housing market became saturated. Everyone who needed a house had one. So, there was a decrease in the demand for houses. Fed raised interest rates from June 2004 to June 2006. Home loans became expensive (reversed its earlier policy of lower interest rates)
please mark BRAINLIST ANSWER
Similar questions