The financial crisis of 2007–2010 was related to the collapse of real estate bubble, especially in the United States.

 

US Real Estate Index Chart - Nevada, Las Vegas  February 2013.

 

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Real Estate bubble starts to accelerate in 2003/2004 and ended in 2006.

In Las Vegas form 2006 property prices dropped 56%, that is more then half price over 5 years or more than 11% P.A.

 

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US Real Estate Index Historical Chart - Nevada, Las Vegas February 2013.

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US Real Estate Index Trend Historical Chart - Nevada, Las Vegas February 2013.