The global housing market has gotten too hot to be sustained, according to Oxford Economics‘ deep dive into more than 121 years of housing data.
Home prices in advanced economies may be about 10% overvalued compared to the long-term, according to new research from Oxford Economics lead economist Adam Slater. This “boom,” Slater notes, is one of the biggest since 1900.
The last boom period in 2006 saw home prices 13% to 15% overvalued, based on Oxford’s analysis. Students of market history…
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