Since the 1990s, property prices have risen significantly, causing some residents economic hardship. The housing bust of 2005 - 2012 caused property values in and around town to fall by 10 percent or more in less than a year. This did not slow down the town's economy, however. Provincetown's tourist season has expanded, and the town has created festivals and week-long events throughout the year. The most established are in the summer: the Portuguese Festival, Bear Week and PBG's Carnival Week.