How long did it take for the United States to introduce real estate policies after the subprime mortgage crisis broke out in 2007?
First, interest rate cuts
In September 2007, the interest rate was cut by 50 basis points to 4.75%
In April 2008, the interest rate was about to reach 2%
In October 2008, Lehman Brothers collapsed and the interest rate was cut by 50 basis points to 1.5%
In December 2008, the interest rate was directly reduced to 0-0.25%
Second, quantitative easing
In November 2008, 600 billion;
In November 2010, 600 billion;
In September 2012, 40 billion per month.
Third, fiscal policy
In 2009, a 787 billion economic stimulus policy was launched, mainly used in infrastructure, energy, education, health and other fields to promote employment.
Fourth, real estate policy
In 2008, the Federal Housing Finance Agency injected capital into the "two houses" to prevent bankruptcy
In 2009, the monthly payments of existing mortgages were reduced and the loan interest rates were lowered.
Finally, in early 2014, after six years of decline, the US real estate market finally bottomed out and rebounded.
