The housing downturn’s impact on the broader economy is just getting started. Because the system is far too leveraged, any policy mistake could trigger a domino effect in which one sector after another fails.



World’s Hottest Housing Markets Are Down As Interest Rates Rise

Homebuyers globally are pulling back as central banks raise interest rates at the fastest pace in decades, sending house prices falling.

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Americans Are Feeling Poorer: Household Wealth Shredded by Inflation and Fed Tightening: MW

Net worth falls by a record $8.7 trillion as high inflation and the stock-market crash offset gains in house prices.


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