Canada\u0027s real estate market is among those flashing warning signs from 30 years ago. Read more.
housing market tumbled into a deep freeze for years. Sales plummeted, and prices didn’t hit bottom until 1996 after losing more than a quarter of their value.
But prices are still significantly higher than they were before the pandemic, so there could be more declines to come.Images of unfinished housing blocks symbolize the bleak state of Chinese real estate, where buyers are paying for homes that they can’t occupy. That led to a mortgage boycott this year, with homebuyers threatening to halt making payments.Article content
China has pursued similar policies to contain its boom over the last three years. Financing has been squeezed and the government asked banks to slow the pace of mortgage lending. That triggered a wave of defaults and left millions of square feet of unfinished buildings. While many economists say the crippling housing downturn won’t get much worse and that the stimulus will kick in this year or next, few are calling for a sharp rebound. But the policy moves, along with a gradual easing of COVID restrictions, may help the market find a floor.Australia saw a big run up in the home prices during the pandemic, but the central bank has jacked up its benchmark interest rate by 250 basis points in a matter of months, and the market has gone into reverse.
One concern in Australia, and echoed in other economies too, is stretched household finances. The debt-to-income ratio is at 187 per cent, compared with about 70 per cent during the 1990s.Article content
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Kelly Ripa Thanks Kathie Lee Gifford For Saying She Won’t Read Her BookKelly Ripa shows there's no bad blood between her and Kathie Lee Gifford. After the actress made headlines saying she wouldn't read Ripa's book Live Wire: Long-Winded Short Stories, the 'Live with Kelly and Ryan' reacted to the comments on the 'Not Skinny but not Fat' podcast. [readmore label='READ MORE: ' link='https://etcanada.com/news/936422/kelly-ripa-and-mark-consuelos-son-michael-on-working-with-them-for-new-film-lets-get-physical-exclusive/' text='Kelly Ripa And…
اقرأ أكثر »
Fired childcare worker sues daycare after refusing to read LGBTQ books to kidsA Christian childcare worker in California who was fired for refusing to read LGBTQ books to preschoolers is suing the daycare.
اقرأ أكثر »
Fired child-care worker in California sues daycare after refusing to read LGBTQ books to kidsA Christian childcare worker in California who was fired for refusing to read LGBTQ books to preschoolers is suing the daycare.
اقرأ أكثر »
'I cannot deliver': Read the full statement as British PM Liz Truss resignsBritish Prime Minister Liz Truss resigned on Thursday. In a statement made outside No. 10 Downing Street in London, Truss announced she was stepping down from her position after just 45 days in office.
اقرأ أكثر »
Global housing market pain has echoes of crash 30 years ago, and it could be worse this timeCanada\u0027s real estate market is among those flashing warning signs from 30 years ago. Read more.
اقرأ أكثر »
Global housing market pain echoes crash of 30 years ago, and things could be worse this timeCanada\u0027s real estate market is among those flashing warning signs from 30 years ago. Read more.
اقرأ أكثر »