Global housing markets, increasingly moving in tandem, are experiencing a slowdown driven by trade tensions, political unrest and issues of affordability. In a study conducted by the Dallas Federal Reserve of 23-countries, growth during the 3rd quarter of 2019 was only 1.8% from the year before, down from 4.3% in 2016.
Most housing economists do not believe this slowdown is a lead-up to another financial crash as Enrique Martinez-Garcia, an economist at the Dallas Federal Reserve noted, “The housing market is not giving us red signals as it did (in 2007).”