Historical Year Data · 2007
Vacant Housing Units in 2007
Vacant Housing Units opened 2007 at 17,724 and closed at 17,910, a +1.05% move for the year. The high of 18,049 was reached on July 1, and the low of 17,547 on April 1.
Open
17,724
2007-01
Close
17,910
4 data points
High
18,049
Jul 1
Low
17,547
Apr 1
Full Year Change
+1.05%
2006 Change
+4.07%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 17,724 | 17,724 | 17,724 | 17,724 | +0.00% |
| Apr | 17,547 | 17,547 | 17,547 | 17,547 | +0.00% |
| Jul | 18,049 | 18,049 | 18,049 | 18,049 | +0.00% |
| Oct | 17,910 | 17,910 | 17,910 | 17,910 | +0.00% |
Events During 2007
2008 Financial Crisis
Deflation
September 2007 – March 2009
The 2008 Financial Crisis remains the deepest and most instructive market event of the 21st century. Subprime losses cascaded through leveraged balance sheets, froze interbank lending, and forced unprecedented central bank intervention.
2006 US Housing Market Peak
Goldilocks
June 2006 – February 2007
US home prices peaked in summer 2006 after a 106% rally from 2000. Subprime mortgage underwriting collapsed in late 2006, setting up the 2008 crisis. The peak is the canonical example of a market top visible only in retrospect.
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