The real estate market has gone insane with soaring prices around the world because of the high demand. This is very disturbing and how long can this be sustained?
The International Monetary Fund’s Global House Price Index which tracks 57 countries, has surpassed its prior peak from 2008.
According to Oxford Economics, house prices are growing at over 10% year-over-year in many major countries.
Sales rose for Vacation homes by a sharp 16% in 2020 from the year before, according to a report from the National Association of Realtors.
This seems like good times for those in the real estate market.
Source: CNN Business