Homesales took off during the pandemic as remote work opened up cheaper housing options for city dwellers. This sent prices to record hies in many rich countries, particularly places that offered larger gardens or more green space. But now, as interest rates rise, the global housing boom is running out of steam.
As interest rates rise, lots of pandemic-era property trends are fading—but not every market is equally vulnerable as the boom peters out. Generals have long avoided fighting in cities: it is messy and dangerous. Increasingly, though, they have no choice. And our language columnist on the subtle question of whether “data” is plural or singular.
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