Discuss the u.s. housing mortgage crisis

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Discuss the U.S. housing mortgage crisis that started in 2006. Perform a web search to gather information on the crises. The most generally accepted facts are: housing prices have decreased, many homeowners have lost their homes because they are unable to pay the increasing mortgage costs of their variable rate home loans, more houses came on the market, fewer people could qualify for a home loan because of stricter loan requirements, and home building slowed. Draw a few Supply and Demand curves to help with your understanding of how complicated this crisis became (exact values are not required for the Supply and Demand curves).

Reference no: EM13177741

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