The End of the Housing Boom
From the US and UK to New Zealand and the Czech Republic, the world economy is facing yet another threat: the unraveling of a massive housing boom.
Global monetary tightening is squeezing homebuyers, which could create a ripple effect that would deepen an economic slump.
To be sure, a 2008-style collapse is unlikely. Lenders have tightened standards, household savings are still robust and many countries still have housing shortages.
Labor markets are also strong, providing an important buffer.
Bloomberg 22 juni 2022
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