Question

please explain what drove housing prices to increase so fast from 2000 to 2006 in u.s​

Answer 1

Answer:

The United States housing bubble was a real estate bubble affecting over half of the U.S. states. It was the impetus for the subprime mortgage crisis. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2012.[2] On December 30, 2008, the Case–Shiller home price index reported its largest price drop in its history.[3] The credit crisis resulting from the bursting of the housing bubble is an important cause of the Great Recession in the United States.