Housing Credit

Some articles on housing:

Subprime Mortgage Crisis - Background and Timeline of Events
... the crisis was the bursting of the United States housing bubble which peaked in approximately 2005–2006 ... terms and a long-term trend of rising housing prices had encouraged borrowers to assume difficult mortgages in the anticipation that they would be able to quickly refinance at easier terms ... Once interest rates began to rise and housing prices started to drop moderately in 2006–2007 in many parts of the U.S ...

Famous quotes containing the words credit and/or housing:

    It is probable that the principal credit of miracles, visions, enchantments, and such extraordinary occurrences comes from the power of imagination, acting principally upon the minds of the common people, which are softer.
    Michel de Montaigne (1533–1592)

    We have been weakened in our resistance to the professional anti-Communists because we know in our hearts that our so-called democracy has excluded millions of citizens from a normal life and the normal American privileges of health, housing and education.
    Agnes E. Meyer (1887–1970)