Examlex
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Recession
A period of temporary economic decline during which trade and industrial activities are reduced, generally identified by a fall in GDP in two successive quarters.
Home Prices
the amount of money required to purchase homes in a particular area, influenced by various factors including location, demand, and economic conditions.
Foreclosures
The legal process through which a lender takes control of a property from the borrower due to failure to make the required mortgage payments.
December 2007
Marked the beginning of the global financial crisis that led to significant economic downturns worldwide.
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