3 months ago • 3:26 mins
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.
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
But there’s a risk of a rude awakening. So Stéphane says you might want to approach the latest stock rally with caution.
The global investment firm has updated its outlook for 2023. So Stéphane’s taken a look at how it sees things going and what you can do to prepare for it.
Big fund managers and retail investors alike are starting to see its beauty, but as Russell notes, you can still buy this long-shunned asset at good prices.