According to a recent market report, an ease in rising housing prices could be ready to spread from Europe to the more of the world.
"The boom in global house prices after quantitative easing lowered interest rates looks set to be coming to an end," reports Sharon R. Smyth. In other words, stimulus from central banks is coming to an end.
"While just six of 55 property markets saw declines in the 12 months through June, that is likely to change as central banks worldwide step away from economic stimulus," adds Smyth, who is sharing the assessment of a report by Knight Frank LLP. According to the report, "[a] slowdown in growth is already evident in Europe."
FULL STORY: World's Housing Market Set to Slow
The Consequences of 'Runaway' Housing Prices
There's been no shortage of discussion and debate about what's causing the price of homes in the United States to skyrocket at record rates, but less discussion of the consequences for housing market trends on the broader economy.
U.S. Housing Prices Continue Record-Breaking Pace
July marked four straight months of record-breaking increases for housing prices nationwide, according to the latest housing market data.
Tight For-Sale Market Leads to Record Price Spikes in the Rental Market
A supply-demand imbalance in the for-sale housing market will eventually spill into the rental market.
Manufactured Crisis: Losing the Nation’s Largest Source of Unsubsidized Affordable Housing
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Americans May Be Stuck — But Why?
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Using Old Oil and Gas Wells for Green Energy Storage
Penn State researchers have found that repurposing abandoned oil and gas wells for geothermal-assisted compressed-air energy storage can boost efficiency, reduce environmental risks, and support clean energy and job transitions.
Minneapolis Bans Rent-Setting Software
Four cities have enacted restrictions on algorithmic software that can inflate rent costs.
Oakland to Add 244 New EV Chargers
Oakland plans to launch its new charging network at eight locations by the end of 2025.
Jane Goodall Inspires with Message of Hope, Resilience, and Environmental Action
Speaking in Pasadena, Jane Goodall offered a hopeful and inspirational message, urging global compassion, environmental responsibility, and the power of individual action to shape a better future.
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