How did housing prices in the United States change during 2000−2010?
A) Housing prices rose steadily over this period.
B) Housing prices rose sharply until around 2006, when they began to fall sharply.
C) Housing prices fell sharply until around 2006, when they began to rise sharply.
D) Housing prices fell steadily over this period.

Question

Quizplus · Accepted Answer

Housing prices rose sharply from 2000 to 2006, driven by easy access to credit, speculation, and subprime lending. However, the housing bubble burst in 2006-2007, leading to a sharp decline in housing prices that lasted until around 2010.

How Did Housing Prices in the United States Change During