What caused the housing market crash of 2008?

The housing market crash of 2008 remains one of the most significant events in the history of the United States housing market. It was caused by a combination of factors, including the subprime mortgage crisis, high levels of debt, and a lack of regulation in the financial sector.

Why did housing prices drop in 2008?

The growth of predatory mortgage lending, unregulated markets, a massive amount of consumer debt, the creation of "toxic" assets, the collapse of home prices, and more contributed to the financial crisis of 2008. How Much Did Housing Prices Drop in 2008?

What is the difference between the 2008 crash and the housing market?

Although there are some similarities between the current state of the housing market and the conditions that led to the 2008 crash, several significant differences exist. Stricter lending standards, more diverse housing options, and a tighter regulatory environment in the financial sector have made the current housing market more stable.