Housing Boom In Five Countries Raising ConcernMark Melin
Rapidly rising housing prices are “most severe” in five developed sovereign regions of the world and are occurring alongside increased indebtedness, an HSBC report observes. The situation will create challenges for policy makers, with implications for potentially higher interest rates and related currency values. The problem is the nexus of “bubbly asset prices” with debt can derail growth “or even act as the catalyst for a downturn . . .
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