Asked by Bertrand Veronique on Jun 15, 2024
Verified
Housing prices near the 2008 housing crises reached their peak in the year:
A) 2006.
B) 2007.
C) 2008.
D) 2009.
Housing Prices
Housing prices refer to the cost of purchasing residential properties, which can fluctuate based on market demand, location, size, and other factors.
Housing Crises
A situation characterized by a significant lack of affordable housing, often leading to increased homelessness and housing insecurity.
- Understand the dynamics of housing prices leading up to and following the 2008 crisis.
Verified Answer
FK
Farhan KhuwajaJun 17, 2024
Final Answer :
A
Explanation :
Housing prices in the United States peaked in 2006 before the housing crisis and the subsequent financial crisis of 2007-2008 began to unfold.
Learning Objectives
- Understand the dynamics of housing prices leading up to and following the 2008 crisis.