In the early 2000s, the real estate market experienced a period of rapid expansion and speculation. The availability of easy credit, low-interest rates, and an optimistic outlook led to a housing bubble, particularly in the United States. The market was fueled by subprime mortgages and complex financial instruments, eventually culminating in the 2008 global financial crisis. The aftermath saw a significant decline in property values, foreclosures, and widespread economic repercussions.
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