2001-2005; United States housing bubble
2001: US Federal Reserve lowers Federal funds rate 11 times, from 6.5% to 1/75%
2002-2003: Mortgage denial rate of 14% for conventional home purchase loans is half of 1997 – as quoted from the Federal financial Institutions Examination Council or FFIEC
2002: Annual home price appreciation of 10% or more in California, Florida, [...]
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