Respuesta :
Marketers who exploited consumers' fundamental desire for a home and persuaded them to want to purchase a home that was beyond their means were responsible for the housing crisis.
What is US housing crisis?
- Over half of the U.S. states were impacted by the housing bubble in the country. The problem with subprime mortgages was sparked by it. Early 2006 saw a peak in housing prices, which then began to fall in 2006 and 2007. New lows were reached in 2011.
- The Case-Shiller home price index showed its greatest price decline in its history on December 30, 2008. One of the main causes of the Great Recession in the United States was the credit crisis brought on by the fall of the housing bubble.
- A crisis in August 2008 for the subprime, Alt-A, collateralized debt obligation (CDO), mortgage, credit, hedge fund, and foreign bank markets was brought on by rising foreclosure rates among American homeowners in 2006–2007. The collapse of the housing bubble was described as "the most important risk to our economy" by Henry Paulson, the U.S. Secretary of the Treasury, in October 2007.
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