A real estate bubble or property bubble (or housing bubble for residential markets) is a type of economic bubble that occurs periodically in local or global real estate markets. It is characterized by rapid increases in valuations of real property such as housing until they reach unsustainable levels and then decline.
The questions of whether real estate bubbles can be identified and prevented, and whether they have broader macroeconomic significance are answered differently by schools of economic thought, as detailed below. The financial crisis of 2007–2012 was related to the bursting of real estate bubbles around the world, which had begun during the 2000s.
Read more about Real Estate Bubble: Identification and Prevention, Macroeconomic Significance, Housing Market Indicators, Real Estate Bubbles in The 2000s
Famous quotes containing the words real, estate and/or bubble:
“nor till the poets among us can be “literalists of the imagination”Mabove insolence and triviality and can present
for inspection, “imaginary gardens with real toads in them,” shall we have
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—Marianne Moore (1887–1972)
“Our vices always lie in the direction of our virtues, and in their best estate are but plausible imitations of the latter.”
—Henry David Thoreau (1817–1862)
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—Mark Twain [Samuel Langhorne Clemens] (1835–1910)