Timeline of the United States housing bubble

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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).




1992 - 2000

2001 - 2006




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]


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


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










See also

References and notes

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  7. 1 2 1. Proposal for Amending I.R.C. §121 and §1034 U.S. House of Representatives
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