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NEW YORK (AP) - It's a tale that sounds so familiar: Low interest rates fuel a housing boom that leads to real estate prices soaring in many areas of the country.
This isn't the story of the U.S. real estate market, though, but what has gone on in Britain in recent years. What's interesting about this tale is that it has reached a chapter not seen here just yet — the ugly side of when sizzling housing prices begin to lose steam.
Worries have been mounting about the U.S. housing market slowing down and the impact that could have on the economy. The problem is that no one knows for sure if, or when, a housing shakeout could come.
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