Because of the many distortions introduced into the real estate market by the banking system, government spending and regulation, real estate plays a role of unwarranted importance in the economy of the United States. At some time The Free Market Center may post a page dedicated to real estate; for now we will focus on its role in economic crises.
Although financial crisis of 2008 has its roots in
the U. S. Banking system, many see it as a problem in the real estate
market. Refer to The Roots of a Financial Crisis.