In the aftermath of the housing crash, one-third of all home sales were distressed homes, and those houses tend to be sold for affordably low prices by banks.
Britain, like America, is suffering from the aftermath of a housing and debt bubble.
Tim Duy offers the latest entry in the dispute over whether we should accept a permanently lower track for output in the aftermath of the housing bubble.
Now, as America surveys the aftermath of a housing boom and the distress of those unable to make their mortgage payments, it is worth asking what part the Fed played in creating the mess it is trying to clear up.
In Prince George's County, Md., a two-member unit in the office of the county state's attorney, Glenn F. Ivey, is handling dozens of cases in the aftermath of a housing boom that resulted in hasty and often dubious mortgages.
But in the aftermath of the housing bust and the resulting mortgage crisis, it seems apparent that risk wasn't so much reduced as hidden: all too many investors had no idea how exposed they were.
Since the Israeli psychologists began studying loss aversion in the early nineteen-seventies, it has been used to explain a stunning variety of irrational behaviors, from the misguided decisions of investors — they refuse to sell losing stocks — to the stickiness of condo prices in the aftermath of a housing bubble.
It's also a perfect case study for the aftermath of the housing crisis.
In the aftermath of the housing bust, demand for owning homes has fallen, pushing rents up and home prices down.
About a third of that, or $166 billion, are loans in which Citi has liability if errors are found, and which were originated from 2006 to 2008 -- the height, end and aftermath of the housing boom.
