This article was last updated on January 12
Below is a nice graphical summary of the rise and fall of the US housing market through 2010 and the macro level responses to the ensuing real estate foreclosure crisis. Scary to see the obvious missteps when looking back at some of the decisions made. That’s why hindsight is 20/20 (and our politicians unfortunately have 0/20 foresight!)
Some other housing related articles which may interest you:
- Housing Market Predictions and Forecast For Home Prices in 2010 and 2011
- Solving the Housing Foreclosure Crisis by Cutting Mortgage Principal Balances – Big Mistake
- Buying a Home in the Current Real Estate Market
- The housing crisis and wealth decimation
- 15 Year Versus 30 Year Fixed Rate Mortgages – How to Determine Which is the Better Option
- Claiming the 2010 Extended Home Buyer Credit
Infographic by: HomeGuide411.com