Write a formal, 6 – 10 page APA research paper on the housing market crash and where we stand today. The paper should describe the scope and principal features of the field of study (such as Real Estate Broker, Agent, Appraiser, etc.), citing core theories and practices, and offer a similar explication of a related field. This means, explain how the perspective you chose relates to the field of Real Estate in general and the other areas within Real Estate.
The housing market crash played a critical role in the last financial crisis witnessed in 2008. Currently, the real estate market is experiencing a hike in prices, scant inventories, and backlogs in constructing new homes. Many consumers believe that this could likely lead to another crash in the housing market. However, while a mini-boom remains unsustainable, a calamitous hit cannot happen because of the high lending standards in this market.