The decline in housing values in major countries is becoming more and more serious
Tradehay.com: 01/02/2023 - 07:30
• Shaking property markets around the world presents another risk to the global economy as higher interest rates erode household finances and threaten to exacerbate slumping prices .
• Reports this week show that the housing decline in the US has extended into the fifth month, home sales in China continue to slide and house prices continue to fall in both Australia and New Zealand.
• Sliding home values threaten to erode consumer confidence and affect household spending, which was a rare bright spot for the global economy last year. Investment could also suffer as developers downsize projects in response to falling prices, weakening demand and higher borrowing costs.
Reprinted from Tradehay，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.