Timeline of the 2000s United States housing bubble

Last updated

Cost of housing by State Cost of housing by State.webp
Cost of housing by State
Housing prices to personal income ratios by metro area
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Los Angeles
San Jose
Denver
New York
Seattle
Boston
United States average
Dallas
Chicago
Detroit Housing prices to personal income ratios.webp
Housing prices to personal income ratios by metro area
   San Jose
   Denver
   New York
   Seattle
   Boston
   United States average
   Dallas
   Chicago
   Detroit
A graph showing the median and average sales prices of new homes sold in the United States between 1963 and 2016. Median and Average Sales Prices of New Homes Sold in United States 1963-2016 annual.svg
A graph showing the median and average sales prices of new homes sold in the United States between 1963 and 2016.

Housing prices peaked in early 2005, began declining in 2006 (see also United States housing market correction).

Contents

1930s

1968–1991

1992 - 2000

2001 - 2006

2005

2006

2007

Year-to-year decreases in both U.S. home sales and home prices accelerates rather than slowing, with U.S. Treasury secretary Paulson calling "the housing decline ... the most significant risk to our economy." [54] Home sales continue to fall. The decrease in existing-home sales is the steepest since 1989. In Q1/2007, S&P/Case-Shiller house price index records first year-over-year decline in nationwide house prices since 1991. [55] The subprime mortgage industry collapses, foreclosure activity increases [56] and rising interest rates threaten to depress prices further as problems in the subprime markets spread to the near-prime and prime mortgage markets. [57]

2008

Home sales continue to fall. Fears of a U.S. recession. Global stock market corrections and volatility.

2009

April 2, the mark to market method of valuing mortgage backed securities were abolished improving confidence in the asset class and trust between banks.

2010

2011

2012

2013

2014

2015

2016

2017

2018

See also

References and notes

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