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09.05.26 - 12:30
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UK house price growth halved as Iran war fallout hits housing market (The Guardian)
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Halifax says cost of typical home fell by 0.1% in April, the second consecutive monthly drop, with pace of annual growth down from 0.8%. to 0.4%Business news – live updates UK house prices fell for a second consecutive month in April, as Halifax halved its estimate for the annual rate of growth owing to the conflict in the Middle East.Halifax, which is part of Lloyds – Britain's biggest mortgage lender – said that the cost of a typical UK home fell by 0.1% in April, to £299,313. This followed a 0.5% fall in March. Continue reading......
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09.05.26 - 06:36
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Gold, Debt And The Inevitable Global Housing Market Crash (ZeroHedge)
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Gold, Debt And The Inevitable Global Housing Market Crash
Authored by Brandon Smith via Alt-Market.us
Maybe the most prominent economic discussion circulating today is the fear that the vast majority of people have been priced out of housing markets for the rest of their lives, regardless of the country they live. Gen Z and even Gen Alpha teens are already planning for a future in which buying a home is impossible. Those that are buying are aiming for cost efficiency and they are buying alone (prioritizing savings and home ownership over marriage).
This is a subject for another article but it represents a reversal in traditional consumer behavior; a sea change that needs to be examined because it reflects greater underlying social and economic struggles.
This struggle is not only happening in the US; all across the western world from Australia to Canada to most of Europe people are facing the worst home price inflation in decades and they're scrambling to find ways to adapt.
That said, just a...
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09.05.26 - 00:33
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San Francisco’s housing market has lost its mind (TechCrunch)
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The invisible force behind all of this is no mystery to anyone paying attention to the city's tech economy. San Francisco is home to some of the most valuable private companies in the world, and their employees have been quietly accumulating — and, increasingly, cashing out — fortunes....
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08.05.26 - 11:01
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UK House Prices Fall For Second Month: Halifax (AFX)
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LONDON (dpa-AFX) - UK house prices dropped for the second straight month in April as geopolitical tensions drive inflation higher and trigger interest rate hike concerns, data published by the mor......
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08.05.26 - 08:24
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Oil back over $100 as US-Iran ceasefire comes under pressure; UK house prices drop – business live (The Guardian)
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Rolling coverage of the latest economic and financial newsBritish house prices fell by 0.1% in April as the Iran war hit confidence and drove up borrowing costs.New data from mortgage lender Halifax that the average house price edged down by 0.1% in April, following a -0.5% fall in March. The average property price has dipped to £299,313, compared with £299,609 a month earlier.“After a strong start to the year, recent global developments have added a greater degree of uncertainty to the outlook. In particular, higher energy prices have fed into inflation expectations, prompting markets to reassess the path for interest rates – a shift that has already pushed up borrowing costs for many buyers.“This understandably leads to more caution among some households, with the cost-of-living once again front of mind and extra thought being given to planned property moves. Continue reading......
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