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Real estate bubbles are invariably followed by severe price decreases (also known as a house price crash) that can result in many owners holding mortgages that exceed the value of their homes. [ 32 ] 11.1 million residential properties, or 23.1% of all U.S. homes, were in negative equity at December 31, 2010. [ 33 ]
[23]: 28–29 While intended to broaden community participation in local development, this process is often dominated by a socioeconomically advantaged subset of the neighborhood: in Massachusetts, for example, "the individuals who participate in community meetings on new housing developments differ starkly from the broader population. They are ...
A homeowner association (or homeowners' association [HOA], sometimes referred to as a property owners' association [POA], common interest development [CID], or homeowner community) is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents.
A mere 2.5% of America's housing stock traded hands in the first eight months this year, according to Redfin, the lowest rate in at least three decades and 31% lower than in 2019.
“The inputs for building housing are materials, labor, and capital,” said Stijn Van Nieuwerburgh, a real estate and finance professor at Columbia University’s Graduate School of Business.
Following World War II, migration from the cities to suburbs became a dominant trend in America. People were acquiring any land they could find; as a result developers attempted to squeeze as many lots as they could on development sites. Communities then developed zoning regulations to limit the number of units and density allowed on a site.
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