Economic Progress

The causes and casualties of the US housing crisis

A notice informing that the electricity has been disconnected is seen sprayed on the wall of a boarded up house in the Kensington area of Liverpool, northern England February 20, 2013. Liverpool city council are planning to sell off up to 20 derelict houses in a failed regeneration area for one GB Pound each, in an attempt to kick start regeneration following the failure of a planned regeneration scheme. REUTERS/Phil Noble (BRITAIN - Tags: SOCIETY BUSINESS REAL ESTATE)

Lessons from those experiences are relevant to current market conditions. Image: REUTERS/Phil Noble

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