The State of the Nation's Housing 2008
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Description:
By early 2008, housing market problems had spread to the rest of the economy. The sharp drop in home building, the turmoil in the credit and stock markets, and the impact of falling home prices on borrowing and consumer spending all contributed to the slowdown.
Mounting job losses in the first quarter of 2008 added to the misery, raising the risks of even sharper price declines and higher delinquencies ahead. (Authors)
Type of Resource:
Report
Publication Date:
2008
Location:
Cambridge, MA