In the U.S., housing prices peaked in 2008 and home values then began a sharp decline leading to the 2008 financial crisis.

Name: In the U.S., housing prices peaked in 2008 and home values then began a sharp decline leading to the 2008 financial crisis.
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The decline in housing prices began before the peak in 2008, contributing to the financial crisis, not as a result of it. The crisis was largely due to the collapse of the housing bubble that had been growing for several years prior.

In the US, Housing Prices Peaked in 2008 and Home Values Then