“many economists are predicting that this could be the beginning of the bubble bursting with falls of over 10 percent expected this year”Coin Bureau, relaying another source: House prices — not judged: the rule reads only US national figures
Said on Jun 12, 2022, at 17:57 in the video.
The window it was checked over
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S&P Cotality Case-Shiller U.S. National Home Price Index: S&P Dow Jones Indices via FRED
Result at every window
All windows are shown, so none is pickedSomebody else's forecast — not scored
What was said around it
to pay for those mortgages now take a look at this graph over here it maps the mean national price of a home with that of the capacity for people to pay a two-year fixed mortgage until about halfway through 2021 they were both trending up however something changed after that notice it yep the capacity to pay for a mortgage reversed course and started falling fewer people able to pay mortgages means fewer buyers which means lower prices this is already beginning to take shape in the country as the for sale signs start to pop up many economists are predicting that this could be the beginning of the bubble bursting with falls of over 10 percent expected this year this is troubling of course because houses are the collateral for the banks that have been issuing those loans but what's even more of a concern is that this could be seen as a canary in the coal mine for all those other housing markets that have been driven by similar forces the country that came second after new zealand on that bloomberg bubble list was canada now this should be less surprising because it's been known for quite some time that canada has had one of the hottest housing markets out there prices seem to keep going
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