A decade since the housing crash, a new story emerges

2018-09-15T10:57:11-07:00

CBS - 9/15/2018 - Rachel Layne, Irina Ivanova - As many as 10 million Americans are believed to have lost their homes because of the financial crisis that erupted a decade ago, according to the St. Louis Federal Reserve. The crisis wiped out almost $8 trillion in household stock-related wealth and $6 trillion in home value after banks, mortgage lenders and financial companies provided loans to speculators, house flippers and people who couldn't afford to pay, spinning the economy into the worst financial disaster since the Great Depression. A decade later, how does the U.S. housing market look? Read more @ https://www.cbsnews.com/news/a-decade-s ... new-story/

Statistics: Posted by McFurd — Sat Sep 15, 2018 11:57 am

Jobless and Faceless

A decade since the housing crash, a new story emerges