How the Recent Economic Downturn Differs from Previous Downturns
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This chapter reports on how the recent economic downturn has been different from previous downturns and its effect on mortgage delinquencies, foreclosures, and market recovery. Further, this chapter highlights the process thinking pathways that homeowners used to deal with owing more on their homes than they were worth and examine the trajectory of home values after the downturn.
KeywordsForeclosures Housing bubble Market recovery
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