Why did the housing market collapse in 2008?

It was 2008, and it was the worst housing crisis since the Great Depression. Millions of people lost their homes, and the global economy was sent into a tailspin. The housing market collapse of 2008 was caused by a number of factors, including subprime mortgages, predatory lending practices, and securitization by lenders.

How did the housing market collapse affect the global economy?

Millions of people lost their homes, and the global economy was sent into a tailspin. The housing market collapse of 2008 was caused by a number of factors, including subprime mortgages, predatory lending practices, and securitization by lenders. The housing market collapse of 2008 had a devastating impact on the global economy.

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.