Housing and the Financial Crisis

Business & Finance, Economics, Macroeconomics, Finance & Investing, Finance
Cover of the book Housing and the Financial Crisis by , University of Chicago Press
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Author: ISBN: 9780226030616
Publisher: University of Chicago Press Publication: August 19, 2013
Imprint: University of Chicago Press Language: English
Author:
ISBN: 9780226030616
Publisher: University of Chicago Press
Publication: August 19, 2013
Imprint: University of Chicago Press
Language: English

Conventional wisdom held that housing prices couldn’t fall. But the spectacular boom and bust of the housing market during the first decade of the twenty-first century and millions of foreclosed homeowners have made it clear that housing is no different from any other asset in its ability to climb and crash.

           
Housing and the Financial Crisis looks at what happened to prices and construction both during and after the housing boom in different parts of the American housing market, accounting for why certain areas experienced less volatility than others. It then examines the causes of the boom and bust, including the availability of credit, the perceived risk reduction due to the securitization of mortgages, and the increase in lending from foreign sources. Finally, it examines a range of policies that might address some of the sources of recent instability.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Conventional wisdom held that housing prices couldn’t fall. But the spectacular boom and bust of the housing market during the first decade of the twenty-first century and millions of foreclosed homeowners have made it clear that housing is no different from any other asset in its ability to climb and crash.

           
Housing and the Financial Crisis looks at what happened to prices and construction both during and after the housing boom in different parts of the American housing market, accounting for why certain areas experienced less volatility than others. It then examines the causes of the boom and bust, including the availability of credit, the perceived risk reduction due to the securitization of mortgages, and the increase in lending from foreign sources. Finally, it examines a range of policies that might address some of the sources of recent instability.

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