Global Real Estate Prices DROP! Canada, Australia, Sweden SIGNIFICANT Price and Sales Tumble!

Although many markets are still rising to new highs, some areas have seen price reductions (From ridiculous highs). Do you think the price drops are the start of a downward trend?

 

In today’s economy, we need real estate to keep afloat. People have taken on massive levels of debt in order to afford these homes. If they decline in price, it would make the Subprime Mortgage Crisis seem like nothing. And yet here we are today, on the precipice of disaster.

 

Global Real Estate Is Worth $217 Trillion Total | Fortune

fortune.com/2016/01/26/rea-estate-global-economy/

Australian home prices fell a little faster last week | Business Insider

www.businessinsider.com.au/australia-property-house-prices-apra-home-loan-listing-levels-2018-7

Australia-home-prices-July-16-2018-table.jpg (678×407)

edge.alluremedia.com.au/uploads/businessinsider/2018/07/Australia-home-prices-July-16-2018-table.jpg

Stockholm, Vancouver see huge plunges in luxury property prices, Real Estate – THE BUSINESS TIMES

www.businesstimes.com.sg/real-estate/stockholm-vancouver-see-huge-plunges-in-luxury-property-prices

New York’s luxury real estate market is in correction

www.cnbc.com/2018/04/03/new-yorks-luxury-real-estate-market-is-in-correction.html

A Town Drowns in Debt as Home Values Plunge – The New York Times

www.nytimes.com/2008/11/11/business/11home.html

Living in the underwater town – The Mercury News

www.mercurynews.com/2008/11/13/living-in-the-underwater-town/

VIX Futures Close at Lowest Level in Six Months as Fear Vanishes – Article – BNN

www.bnnbloomberg.ca/vix-futures-close-at-lowest-level-in-six-months-as-fear-vanishes-1.1109963

 

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