“The housing market is looking increasingly vulnerable with a price correction possible,” says one economist.
ING’s chief international economist James Knightley points to the rapid rise in home prices making it more challenging for prospective buyers to save for a deposit at a time when inflation is shrinking real incomes and confidence is suffering.
“On top of this, the latest housing data shows that this sector is the most vulnerable to the rising rates environment with the growing…
Source link
