👉 Pike Research, a prominent economic consulting firm, conducted extensive studies on the U.S. housing market, particularly focusing on foreclosure rates and their causes. Their research, notably highlighted by the book "The Great Foreclosure: How the Housing Bubble Killed the American Dream," revealed that a combination of lax lending standards, subprime mortgage practices, and economic downturns led to widespread foreclosures in the mid-2000s. Pike's analysis emphasized the role of financial institutions in exacerbating the crisis through risky lending and the subsequent collapse of housing prices, which had severe consequences for homeowners and the broader economy. The firm's findings have been influential in shaping policy discussions and reforms aimed at preventing future housing market collapses.
