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Housing Market Dynamics: Understanding the Recent Global Trends and Threats

In: The Global Housing Crisis

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  • Levent Sümer

    (Boğaziçi University)

Abstract

The level of homeownership is in decline, and the number of homeless people is on the rise. The outstanding mortgage loans in the US exceeded USD 20 trillion. Wages are not increasing proportionally compared to inflation. Interest rates are historically high, yet the affordability indices warn us about the new housing crisis. This chapter outlines the global housing market dynamics and highlights the housing industry's risks.

Suggested Citation

  • Levent Sümer, 2024. "Housing Market Dynamics: Understanding the Recent Global Trends and Threats," Springer Books, in: The Global Housing Crisis, chapter 0, pages 29-83, Springer.
  • Handle: RePEc:spr:sprchp:978-3-031-72604-0_3
    DOI: 10.1007/978-3-031-72604-0_3
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