Are We Headed For A Housing Market Crash?

Reda Farran

3 months ago3:26 mins

Are We Headed For A Housing Market Crash?

Covid caused a lot of things to slow – but not the global housing market. Consumers emerged from lockdowns flush with savings and looking for bigger, better work-from-home spaces. And mortgage rates at invitingly low levels helped fuel a home-buying frenzy. Now, though, rising interest rates and red-hot inflation have made homes and mortgages less affordable, increasing the risk of a crash in the global housing market, particularly in certain countries, and threatening to worsen a worldwide economic downturn.

What’s happening with the housing market?

Demand for housing is waning as mortgage rates increase, making homes less affordable, and causing potential buyers to pull away from the market.

There are two main reasons why mortgages have become significantly less affordable this

Limited introductory offer

Subscribe Now 50% Off

Get full access to daily stories, insights, deep-dives, interviews, podcasts, and more

Have an account? Log in