A global financial crisis, a global stock market crash and a housing boom have all been factors in the global housing market’s collapse.
And the latest market crash has a real-world impact on the real estate market, too.
Fox News has obtained a report from a respected global credit research firm, Credit Suisse.
Its report on the financial crisis says, “The global housing bubble was created by the excesses of the financial system, fueled by a boom and a collapse in the prices of some asset classes.
The collapse of the housing bubble created the biggest credit bubble since the dotcom bubble of the late 2000s.”
And the report says the housing market has gone from a bubble to a collapse because of a global financial meltdown that has hit every major economy in the world.
It says, the credit bubble has led to the creation of credit and liquidity bubbles for the largest financial companies in the United States and Canada.
These bubbles have created a huge excess supply of loans and mortgages in the financial sector, which has driven up housing prices in the U.S. and Canada.
“The crash in the housing prices, which was fueled by the credit market crash as well as the collapse in oil prices, has resulted in the creation in many cases of a bubble in the debt markets.
So, we’re now seeing a massive excess supply in the credit markets for the credit bubbles, the Credit Suise report says.
The report adds, the excess supply has resulted, in the case of the U, in a collapse of credit markets.
The U.K., France, Canada, Germany and the United Kingdom have all had significant credit markets crashes.
The report says, these crashes have been caused by the financial market collapse, the housing collapse and the oil price crash.
It also says that the credit system collapse has led directly to a huge increase in the number of home loans and foreclosures in the country.
It also notes that the housing boom in China and Japan has resulted from a similar financial system crash.
It says, this combination of the collapse of housing prices and the credit crash have caused the global financial system to collapse and caused the real-estate bubble to burst.
Credit Suisse said, “We believe that the global crisis is due to a combination of two factors: the credit crunch, which began in 2009 and has continued in many countries since then, and the financial crash, which we attribute in part to the excess lending and the collapse (in credit markets) of the debt market.”