#RealEstate #HappeningNow The 2015 Global Housing Market Crash. Property Prices Plummet Worldwide
The home of the housing bubble has one great statistic for the future – given that the Federal Reserve is continuing its threat of a rate rise. Should 30-year mortgage rates go up 1 percent in the next year and housing prices rise 5 percent in that time as they have been, then a monthly mortgage payment would climb by a whopping 18 percent. The result – affordability will collapse, crushing demand and sending prices into a spiral. Affordability in S&P Case Shiller’s latest 20-city home-price index clearly indicates that affordability is holding back the market right now – so any increase will threaten an already stressed market.
http://www.globalresearch.ca/the-2015-global-housing-market-crash-property-prices-plummet-worldwide/5474123
Related topics: Economic Bubbles, Cost of Living, House Prices
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