The United States has not recovered from the effects of the recent housing bubble. Nor is there an optimistic forecast for the future of housing—which is characterized by lack of demand, falling prices, and foreclosures. This is not a problem for other Organisation for Economic Co-operation and Development (OECD) countries, which are recovering far more quickly. But why is this so?
All Science Journal Classification (ASJC) codes
- Economics, Econometrics and Finance(all)