Housing Bubble In US To Become a Full-Blown Crisis by 2008.
April 22, 2007In US the housing bubble has already burst under the weight of rising interest rates and the ever-deepening mortgage market crises for those borrowers with weak credit histories. The bursting comes after home prices went through the roof by speculation upto 80% between 2000-2006.
The housing market is now characterised by falling home prices nationwide for [...]