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From Real Estate History

26 October

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4 News Found for 26 October
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26 October 1933

New Deal Era Housing Reforms in the Great Depression

New Deal Era Housing Reforms in the Great Depression

On October 26, 1933, the US New Deal introduced transformative housing reforms during the Great Depression. The Home Owners' Loan Corporation (HOLC) and Federal Housing Administration (FHA) were established to prevent foreclosures, stabilize property values, and introduce long-term amortized mortgages. These initiatives revolutionized home financing by creating government-backed mortgage insurance, standardizing lending practices, and making homeownership accessible to millions. The reforms established federal oversight in housing markets, shifted risk from local banks, and laid the foundation for modern mortgage systems that would fuel post-war suburban expansion and shape American housing policy for decades.

▪ Reference(s):

Federal Reserve History, US Housing Act of 1934
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2

26 October 2005

US Housing Bubble Reaches Peak Before Financial Crisis

US Housing Bubble Reaches Peak Before Financial Crisis

On October 26, 2005, the US housing bubble reached its zenith, marking the peak of unsustainable price growth that would soon trigger the global financial crisis. Property values had soared to unprecedented levels driven by speculative investments, subprime lending practices, and financial innovations that masked underlying risks. The market showed clear signs of overheating with inflated valuations, excessive leverage, and deteriorating lending standards. This peak represented the culmination of years of irresponsible lending and speculative mania that would soon unravel, leading to massive foreclosures, bank failures, and the most severe economic downturn since the Great Depression.

▪ Reference(s):

Federal Housing Finance Agency, Financial Crisis Inquiry Commission
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3

26 October 2012

Quantitative Easing Programs Boost Real Estate Recovery

Quantitative Easing Programs Boost Real Estate Recovery

On October 26, 2012, the Federal Reserve's quantitative easing programs significantly accelerated the US real estate recovery from the financial crisis. By purchasing mortgage-backed securities and keeping interest rates at historic lows, the Fed injected substantial liquidity into housing markets, making mortgages more affordable and stimulating property demand. These unprecedented monetary interventions helped stabilize falling home prices, reduced foreclosure rates, and restored confidence in real estate markets. The programs demonstrated the powerful role central banks could play in supporting property markets during economic crises and established new precedents for monetary policy interventions in housing sectors.

▪ Reference(s):

Federal Reserve Monetary Policy Reports, Housing Market Analysis
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4

26 October 2018

Blockchain Technology Enters Real Estate Transactions

Blockchain Technology Enters Real Estate Transactions

On October 26, 2018, blockchain technology began transforming real estate transactions through pilot programs testing property tokenization and smart contracts. This innovation promised to revolutionize property ownership transfers, title management, and transaction recording by creating immutable, transparent digital ledgers. Early adopters explored using blockchain for reducing fraud, streamlining closing processes, and enabling fractional property ownership through tokenization. While still in experimental stages, these initiatives demonstrated blockchain's potential to increase transaction security, reduce costs, and create new investment opportunities in real estate markets worldwide.

▪ Reference(s):

Blockchain Real Estate Consortium, Technology Innovation Reports
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More news from "On This Date"

Historic Real Estate Board Established
Historic Real Estate Board Established

On October 22, 1929, the nation's first comprehensive real estate board was established, creating professional standards and ethical guidelines for property transactions. This pioneering institution brought together real estate professionals to establish uniform practices, standardize transaction procedures, and create codes of conduct for the indu...

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The Establishment of the National Geographic Society for the Study of Earth, Humanity, and Wildlife
The Establishment of the National Geographic Society for the Study of Earth, Humanity, and Wildlife

On 27 January 1888, the National Geographic Society was established in Washington DC. The purpose of this institution was to advance understanding of the world’s lands, mountains, rivers, cities, regions, and the human and wildlife populations inhabiting them, and to document this knowledge through systematic mapping. Prior to this, land was gene...

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Preparations Begin to Make Delhi the New Capital of British India
Preparations Begin to Make Delhi the New Capital of British India

In October 1911, the British Government of India began the final arrangements to shift the imperial capital from Calcutta to Delhi. The formal announcement was made later that year in December 1911 during the Delhi Durbar in the presence of King George V. However, the initial phase of planning and land selection officially began on October 11, 1911...

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Washington Monument Officially Opened to the Public
Washington Monument Officially Opened to the Public

On October 9, 1888, the Washington Monument in Washington D.C. was officially opened to the public. Standing 555 feet tall, it was the tallest man-made structure in the world until the completion of the Eiffel Tower in 1889. Its construction, delayed for decades due to funding issues and the American Civil War, became a lasting symbol of civic visi...

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First House Building Finance Scheme Launched in Pakistan
First House Building Finance Scheme Launched in Pakistan

On October 21, 1959, Pakistan launched its first House Building Finance Scheme through the House Building Finance Corporation (HBFC). This initiative aimed to provide affordable housing loans to the middle class at subsidized interest rates. The scheme significantly boosted residential construction in urban areas and enabled thousands of families t...

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