The global housing market...

Ben Goldstein's picture
The global housing market has cooled down over the last year, however, perhaps not for the reason that experts predicted. A year ago, several experts predicted the new tax law would cause a slowdown in the housing market. So far, the limitations on mortgage-interest and property-tax deductions haven’t had a negative impact. Instead, rising mortgage rates and home prices are doing more to put a damper on the market. (Washington Post). Additionally, many studying the industry have found that the housing market, and specifically home prices have become more intertwined than ever on a global scale. Big cities across the world, from Hong Kong to London to Los Angeles are experiencing many of the same trends at the same time. How do you think these shifts will affect the market in the future? Are these trends signs of a global economic cooling in the near future?