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A housing bust refers to a significant decline in housing prices and a downturn in the real estate market, often following a period of rapid price increases. It typically results in widespread foreclosures, decreased home values, and financial strain for homeowners and lenders. Factors contributing to a housing bust may include economic recession, rising interest rates, or oversupply of homes. The aftermath can lead to broader economic challenges and a slowdown in construction and related industries.

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2mo ago

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