Mmastodon WorldPolitics first seen 6 h ago, last 33 min ago, peak #5
High interest rates and oil prices finally halt rising house prices
Original: The qualified good news is continuing high interest rates & impact(s) of higher oil prices (alongside the cost--of-livin
Continuing high interest rates and the impact of higher oil prices, alongside the cost-of-living crisis, have finally halted rising nominal house prices, after already ending real price growth adjusted for inflation. Commenters see this as qualified good news, arguing that lower house prices are a key step toward improving affordability for buyers locked out of the market.
Why now: Falling house prices are being discussed as rare good news amid a broader cost-of-living and affordability crisis.
house pricesinterest ratesoil pricescost-of-living crisis
Evidence
- The qualified good news is continuing high interest rates & impact(s) of higher oil prices (alongside the cost--of-living crisis) have finally halted rising nominal house prices (having already halted 'real' price rises adjusted for inflation); lower house prices are one key… · ChrisMayLA6@mastodon.me.uk · 15
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