Brace for the house-price slump
Editorial
The Economist
Until recently, owning a house meant “easy money”, says The Economist. But house prices are falling, and inflation and recession make a correction more likely. The pandemic property boom was due to “rate cuts, stimulus cash and a hunt for more suburban space”. Most of these trends are now reversing. “From Stockholm to Sydney the buying power of borrowers is collapsing.” Falling house prices will not cause an epic bust as they did 15 years ago, but
