Encyclopedia of Investment Terminology

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United States Real Estate Crash

During the United States real estate crash of 2007 and 2008, values of homes in many parts of the country began to fall. This came about due to homeowners being unable to pay their mortgages and mortgage companies foreclosing on those properties, creating a glut of homes being put on the market. As a result of this, many real estate properties, particularly those in California, Florida, and Arizona, began to lose their values.

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