Resort buyers went to sidelines Trade-up buyers went to sidelines First-time buyers priced out of market Basing their statements on historic U. The data seem to indicate that, while conditions are still difficult, in some ways the crisis is easing:
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The United States housing bubble was a real estate bubble affecting over half of the U.S. timberdesignmag.comg prices peaked in early , started to decline in and , and reached new lows in On December 30, , the Case–Shiller home price index reported its largest price drop in its history.
The credit crisis resulting from the bursting .