The Great American Housing Bubble

The Great American Housing Bubble refers to the rapid increase in U.S. housing prices during the early to mid-2000s, driven by easy access to credit, speculative investment, and risky lending practices. Many people bought homes they could not afford, believing prices would keep rising. When the bubble burst in 2007-2008, housing prices plummeted, leading to widespread foreclosures and financial crisis. The aftermath highlighted the dangers of unchecked speculation and inadequate regulation in the housing market, affecting the economy and millions of homeowners for years to come.