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The Real Estate Crash

The Bursting of a Bubble

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Abstract

The news in July 2012 showed that recent increases in home sales across the nation dipped once again. Ever since the real estate market bubble—which was inflating like never before in 2005 and 2006—burst, dunking millions of homeowners across the country under water, many of them watch the housing reports closely to determine whether the market is getting any better.

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Notes

  1. 1.

    www.census.gov/construction/nrs/pdf/newressales.pdf (Retrieved Oct. 27 2012).

  2. 2.

    Personal interview with John Mulville.

  3. 3.

    www.nytimes.com/2008/09/15/business/15lehman.html?pagewanted=all (Retrieved July 24, 2012).

  4. 4.

    www.pbs.org/now/shows/412/housing-recession.html (Retrieved October 27, 2012).

  5. 5.

    www.washingtonpost.com/business/economy/greenspan-image-tarnished-by-newly-released-documents/2012/01/12/gIQAvh0mtP_story.html (Retrieved July 25, 2012).

  6. 6.

    http://online.wsj.com/article/SB10001424052970204409004577157001537763864.html (Retrieved July 27, 2012).

  7. 7.

    http://online.wsj.com/article/SB10001424052970204409004577157001537763864.html (Retrieved October 27, 2012).

  8. 8.

    www.washingtonpost.com/business/economy/greenspan-image-tarnished-by-newly-released-documents/2012/01/12/gIQAvh0mtP_story.html (Retrieved October 27, 2012).

  9. 9.

    www.pbs.org/now/shows/412/housing-recession.html (Retrieved October 27, 2012).

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© 2013 Chris Lauer

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Lauer, C. (2013). The Real Estate Crash. In: Underwater. Apress, Berkeley, CA. https://doi.org/10.1007/978-1-4302-4471-4_1

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