Research on the Subprime Crisis Based on Regional and Housing Type Perspectives
Year: 2024
Type: article
Abstract: This study discusses the 2008 subprime mortgage crisis's causes, housing and financial sector changes, and long-term effects. It forms the basis for real estate market regulation and risk mitigation. The research analyzes the causes of the crisis, including subprime loans, complicated financial derivatives, and lax regulatory monitoring. The problem is also linked to an overheated real estate market and loose credit policies. The crisis period is then examined, including housing price declines, sales volume declines, mortgage default increases, and foreclosure increases. It compares impacts across geographies and housing types, including apartments and single-family homes. Financial institution responses and policy changes are then examined. The study finishes with city or community case studies showing market dynamics post-crisis. The findings can help policymakers and financial institutions navigate the housing market and avoid future catastrophes.
DOI: 10.54097/psxv9f40
Author: Wenpei Lin
Institution: Jinling Institute of Technology
Language: English
Topic: Housing Market and Economics
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4401667044