The U.S. housing market was largely influenced by the economic crisis in 2008. In fact, the housing bubble itself contributed to the development of the financial crisis. Very attractive house prices, low mortgage interest rates and low standards for mortgage loans resulted in growth of subprime debt.
The U.S. house prices, as reflected by the S&P/Case Shiller U.S. National Home Price Index grew rapidly from 2000 to 2006, when they reached their peak, and then started to fall down in the following years. The house price growth trend began in 2012 again and in 2016 the house price index exceeded its value from 2006.
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