In what year did housing prices begin to deteriorate leading to a jump in defaults in the subprime mortgage markets and the onset of the recent financial crisis?

Question

Quizplus · Accepted Answer

Housing prices began to deteriorate in 2006, mainly due to an increase in interest rates and high levels of subprime lending. This led to a jump in defaults in the subprime mortgage markets, which eventually triggered the financial crisis in 2008. Therefore, option C is the correct choice.

In What Year Did Housing Prices Begin to Deteriorate Leading