The Intelligence from The Economist Home economics: housing markets’ future
Apr 10, 2023
Ainsley Johnstone, a data journalist at The Economist, joins the discussion on the evolving landscape of housing markets. They explore the aftermath of the pandemic, revealing how inflated mortgage rates continue to challenge homeowners globally. Johnstone also addresses the misconceptions surrounding mask mandates and the complexities of public health data. Additionally, they highlight an innovative production of 'Guys and Dolls' that showcases how live entertainment can adapt and thrive in a digital-first world.
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Housing Market Outlook
- Central bankers have slowed housing markets by raising interest rates to combat inflation.
- Slowing inflation may not improve the housing sector as expected.
Housing Crisis Concerns
- Optimism about the housing crisis ending may be premature, as home prices in America fell for seven months straight.
- Markets predict further interest rate hikes, warranting caution in the housing sector.
Overheated Housing Markets
- Countries like Australia, Canada, Sweden, and New Zealand experienced the biggest house price increases during the pandemic.
- These countries also have high household debt, primarily from mortgages, resulting in significant house price corrections.
