Is this the Beginning of a Globalized Housing Downturn?
Housing has became a global financialized asset class. The possibilities seemed unlimited. And this flow of money, along with local factors, has created enormous distortions in some markets. But the priciest markets are now starting to experience price declines. This includes the priciest markets in the US, Canada, Australia, the UK, Hong Kong, and others. So, is this the beginning of a globalized housing downturn? (13 minutes):
“Can we still describe this as an orderly slowdown in housing conditions?” muses CoreLogic. Read… I’m in Awe of How Fast the Housing Markets in Sydney & Melbourne Are Coming Unglued
Enjoy reading WOLF STREET and want to support it? Using ad blockers – I totally get why – but want to support the site? You can donate “beer money.” I appreciate it immensely. Click on the beer mug to find out how:
Would you like to be notified via email when WOLF STREET publishes a new article? Sign up here.