After a relative period of growth (2000-06), the U.S. economy experienced a sharp decline (2007-09) from which it is yet to recover. One of the primary factors that contributed to this decline was the sub-prime mortgage crisis, which triggered a significant increase in residential foreclosures and a slump in housing values nationwide. Most studies examining this crisis have explained the high rate of foreclosures by associating it with socio-economic characteristics of the people affected and their financial decisions with respect to home mortgages.
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- Partial requirement for: Ph. D., Arizona State University, 2012Note typethesis
- Includes bibliographical references (p. 83-89)Note typebibliography
- Field of study: Environmental design and planning