Dallas Fed warns of global housing ‘slide’
US and German markets are out of touch with fundamentals, authors say
The US and German housing markets are looking particularly vulnerable and are now in “peril” as they risk a sharp crash and potential spillovers, economists at the Federal Reserve Bank of Dallas warn.
“Housing froth has re-emerged since 2020, with signs of a pandemic housing boom extending beyond the US to other, mostly advanced, economies,” write the Dallas Fed researchers, Lauren Black and Enrique Martínez-García. “The risk of a deep global housing slide persists.”
The authors find evidence
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