Will the housing market crash 16 years ago?

The housing market crashed 16 years ago. Why a repeat blowup looks unlikely. Goldman Sachs doesn’t expect another crash in the U.S. housing market similar to the crisis that took hold 16 years ago. It has been 16 years since the subprime mortgage bubble popped and the U.S. housing market crashed.

When did the US housing market crash take place?

The most recent US Housing Market Crash took place between 2007 and 2009, with the most dramatic impacts of the crash occurring in 2008. The 2008 housing market crash was one of the primary causes of the global financial crisis, wreaking havoc on the financial stability of entire economies the world over.

Why did the housing market collapse in 2006?

In 2006, the housing market started to collapse due to rising home prices, loose lending practices, and an increase in subprime mortgages pushing up real estate prices to unsustainable levels. Foreclosures and defaults wiped out financial securities backing up subprime mortgages.