CURRENT CRISIS AT THE U.S. REAL ESTATE MARKET
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CURRENT CRISIS AT THE U.S. REAL ESTATE MARKET
Annotation
PII
S268667300000619-0-1
Publication type
Article
Status
Published
Edition
Pages
45-62
Abstract
Low Federal Reserve rates introduced in 2001 nourished domestic financial and real estate bubbles. When both bubbles exploded the American economy sank into a deep recession. Steps taken by the White House to facilitate revival of the domestic real estate market haven't yet produced significant results. Accordingly, the broader economy is still far from recovery.
Keywords
REAL ESTATE BUBBLE, FINANCIAL BUBBLE, ECONOMIC CRISIS, USA, LOAN FINANCING
Date of publication
01.08.2011
Number of purchasers
0
Views
272
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References



Additional sources and materials

1. Carlton J. Food Stamps Surge in West // The Wall Street Journal. 16.03.2011.
2. Christie L. Foreclosures off 30% This Year // CNNMoney. 14.04.2011.
3. Clifford S. Credit Card Data Tells Mixed Story // The New York Times. 1.03.2011.
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5. Edmiston K.D., Zalneraitis R. Rising Foreclosure in the United States: A Perfect Storm // Economic Review. Fourth Quarter 2007. Federal Reserve of Kansas City. P. 115-145.
6. Kuhlmann A. Putting the «Own» back in Homeowner // The Wall Street Journal. 11.04.2011.
7. Leonhardt D. Boom in Jobs, Not Just Houses, as Real Estate Drives Economy// The New York Times. 9.07.2005.
8. McLean B., Nocera J. All Devils Are Here. London: Portfolio/Penguin, 2010. 380 p.
9. NAR Profile of Home Buyers and Sellers, 2009 (http://www.realtor.org/press_room/news_releases/2009/11/survey_record).
10. Powell M., Martin A. Foreclosure Aid Fell Short, and is Fading // The New York Times. 29.03.2011.
11. Streitfeld D. Housing Woes Bring a New Cry: Let the Market Fall // The New York Times. 6.09.2010.
12. Surveying the Aftermath of the Storm: Changes in Family Finances from 2007 to 2009 // Finance and Economics Discussion Series. Divisions of Research & Statistics and Monetary Affairs Federal Reserve Board. Washington, D.C., March 2011.
13. Timiraos N. Home Affordability Returns to Pre-bubble Levels. // The Wall Street Journal. 9.02.2011.
14. Timiraos N. Home Sales Data Doubted // The Wall Street Journal. 22.02.2011.
15. Timiraos N. How Many Borrowers Qualify for New ‘Safe’ Mortgage Rules? // The Wall Street Journal. 5.04.2011.
16. Wirz M., Ng S. Subprime Bonds are Back // The Wall Street Journal. 1.04.2011.

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