The housing bubble was caused by an expansion of credit that enabled irrational exuberance and wild speculation. The expansion of credit came in the form of relaxed loan underwriting terms including high debt-to-income ratios, lower FICO scores, high combined-loan-to-value lending including 100% financing, and loan terms permitting negative amortization. Addressing the conditions of expanding credit
Housing Bubble Causes – Why Did It Happen?
The US housing bubble is part of the overall economic bubble in the United States. The housing bubble will have an effect on not only house prices but also other areas. There are many should be taken into account when looking at the US housing bubble. What a housing bubble is would be the best