The chapter discusses the unexpected resilience and growth in global house prices, with a 3% increase overall and stronger growth in countries like America, Australia, and Portugal. Despite hopes for a decline, factors like stable incomes, low mortgage distress, and strong labor markets contribute to the continued high prices and lack of significant reversal in the decline in home ownership rates.
Our correspondents were the first media to see the American-built JLOTS pier, intended for aid deliveries into Gaza. Things have not at all gone to plan. After years of slipping, house prices are on the rise again; we ask why (16:51). And a trip to see the Savannah Bananas, a goofy exhibition-baseball team that has serious lessons for the major leagues (22:57).
Additional audio courtesy of the Savannah Bananas.
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