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Running head: HOUSING COLLAPSE PAPER
HOUSING COLLAPSE PAPER
Housing Collapse Paper
Increase in Housing Prices
Several factors played a key role to increase the housing prices between 2002 – 2005.
The first major reason for this increase was the migration of numerous people, legally to
illegally, to the United States to have a better life and more opportunities to make their living
standards better. As many people migrated to the United States, it was obvious that they also
needed a house for living there. This increased the prices of houses due to an increase in demand
for houses. Along with this, there was on more key factor for this increase. The easiness in
mortgage credits by banks in that period motivated many consumers for h...
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