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What market had the most price instability and was the primary cause of this 2007-09 recession?
Wiki User
∙ 12y ago
my GUESS is the housing market. around 2005 pretty much all you needed to get a loan to buy a home was your signature. many new homes were being built and sold to peole when they really could not afford them. within a couple years those same homeowners were then in default and their homes being foreclosed. now days, if you can afford it or even qualify for a loan, you can purchase a home that a few years ago would have bee priced at 200,000 dollars that would only cost you maybe 60,000 dollars or less today.
Wiki User
∙ 12y ago
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