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.
Other articles related to "real estate bubble, bubble, real estate":
... itself squarely at the center of the United States' speculative housing bubble in the 2000s ... Real estate in Stockton more than tripled in value between 1998 and 2005, but when the bubble burst in 2007, the ensuing financial crisis made Stockton one of the hardest-hit cities ...
... By 2006, several areas of the world were thought to be in a bubble state, although this contention was not without controversy ... This hypothesis was based on observation of similar patterns in real estate markets of a wide variety of countries ... For individual countries, see Australian property bubble - 1997 - 2012 British property bubble Bulgarian property bubble Chinese property bubble Danish property bubble Indian property ...
Famous quotes containing the words bubble, real and/or estate:
“If the bubble reputation can be obtained only at the cannons mouth, I am willing to go there for it, provided the cannon is empty.”
—Mark Twain [Samuel Langhorne Clemens] (18351910)
“But real action is in silent moments. The epochs of our life are not in the visible facts of our choice of a calling, our marriage, our acquisition of an office, and the like, but in a silent thought by the way-side as we walk; in a thought which revises our entire manner of life, and says,Thus hast thou done, but it were better thus.”
—Ralph Waldo Emerson (18031882)
“Sweet are the thoughts that savour of content,
The quiet mind is richer than a crown;
Sweet are the nights in careless slumber spent,
The poor estate scorns Fortunes angry frown.
Such sweet content, such minds, such sleep, such bliss,
Beggars enjoy, when princes oft do miss.”
—Robert Greene (1558?1592)