Economy
9 Ways the Housing Industry Has Failed Us
A new report lists the temporary and systemic issues keeping the industry from helping the economy recover
The U.S. housing market has been in shambles since 2008, when it helped bring the country to the edge of economic collapse. And though systemic issues like unrealistic mortgages and over-reliance on ever-rising values helped bring about the crisis, the housing industry itself also shoulders part of the blame.
And it's not like the industry is doing any better helping the economy now, according to a new report from Brookings Institution senior fellow Anthony Downs.