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NgSiewTeng
2022-09-12
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The world's hottest housing market, the bubble is bursting collectively
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","listText":"[微笑] ","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9932737023","repostId":"1108863046","repostType":4,"repost":{"id":"1108863046","kind":"news","pubTimestamp":1662987258,"share":"https://ttm.financial/m/news/1108863046?lang=en_US&edition=fundamental","pubTime":"2022-09-12 20:54","market":"hk","language":"zh","title":"The world's hottest housing market, the bubble is bursting collectively","url":"https://stock-news.laohu8.com/highlight/detail?id=1108863046","media":"华尔街见闻","summary":"抵押贷款利率飙升、地区人员流失，购房者和业主均面临压力，火热房地产市场房价大幅下跌。在全球范围内，飙升的借贷成本正在挤压购房者和业主的压力，房地产市场大幅降温。根据在线房产经纪公司Redfin的数据，","content":"<p><html><head></head><body>Soaring mortgage rates, regional loss of people, pressure on homebuyers and property owners alike, and a sharp drop in home prices in the hot housing market. Across the globe, soaring borrowing costs are squeezing pressure on homebuyers and homeowners, and the housing market has cooled sharply.</p><p>For the first time in nearly 18 months, the average U.S. home sold for less than its asking price, according to online real estate brokerage Redfin.</p><p>The shift is largely driven by central banks rate hike at the fastest pace in decades, mortgage rates have soared and millions of people who bought homes cheaply during the pandemic face higher repayments. So buyers are retreating, with prices falling in hot housing markets such as the United States, Australia, Canada and Sweden.</p><p><a href=\"https://laohu8.com/S/NMR\">Nomura Holdings</a>Rob Subbaraman, head of global market research, said:</p><p>\"Interest rates have risen sharply at a time when inflation-adjusted real wages are falling, something young families with debt may not have experienced in their lifetime.\" U.S. homes are selling below list prices for the first time since 2021</p><p>Redfin said the average selling price-to-listing price ratio fell to 99.8% in the four weeks ending Aug. 28. The ratio has not been below 100% since March 2021.</p><p>Additionally, the supply of homes for sale grew at a record pace in July this year, with new home sales growth in the U.S. falling to its slowest rate since early 2016. Mortgage rates hit their highest level since June this week and are approaching 2022 highs in anticipation of further rate hike from the Federal Reserve.</p><p>Although the U.S. housing market has cooled so far this year, there are some signs that the market is starting to level off right now. Redfin's report showed that the percentage of homes with reduced prices for sale was the same as in the previous four weeks, at 7.5%.</p><p>However, Daryl Fairweather, chief economist at Redfin, said in a statement:</p><p>\"While the cooling seems to be coming to an end, there are signs that the market has more room to relax. This year's post-Labor Day slowdown is likely to be a little more severe than in previous years when the market was ultra-tight.\" San Francisco home prices plummet amid exodus</p><p>San Francisco home prices plunged last month amid soaring interest rates and an exodus of tech company workers.</p><p>In the four weeks ending Sept. 4, the city's median single-family home price fell 7% from a year earlier, the largest annual drop since 2012, to $1.4 million, according to a Redfin report.</p><p>Real estate brokerage firm Compass said it has seen a 25% drop in the number of contracts it signed in San Francisco since August 2021.</p><p>Daryl Fairweather said in an interview: \"Housing prices in San Francisco have become so expensive because there are tech people working here. However, the pandemic and remote work have weakened the connection of tech companies with the area.\"</p><p>Home sales across the U.S. have come to a brake as soaring borrowing costs reduce affordability and sellers remain reluctant to cut prices. San Francisco has been hit hard as its workers remain reluctant to return to their desks, lagging the return to work rate in other major metro areas and prompting the closure of many restaurants and retailers in the city.</p><p>The global decline in house prices is just beginning</p><p>While the housing recession so far has not approached the level of the 2008 financial crisis, data from the housing market is a key variable for central bankers looking to tame inflation without triggering a deep recession.</p><p>At present, bubble markets such as Australia, New Zealand and Canada are already facing double-digit house price declines, but economists believe the global decline is just beginning.</p><p>According to the media, Hideaki Hirata of Hosei University said: \"We will observe a global synchronized real estate market decline in 2023 and 2024.\" Hideaki Hirata, a former Bank of Japan economist, warned that the full impact of this year's sharp rate hike on households will take time to show.</p><p>Bloomberg economist Niraj Shah said:</p><p>\"If the central bank tightens too much, the prospect of a soft landing weakens. House prices may fall faster, exacerbating and prolonging the recession.\" In Poland, some borrowers doubled their monthly payments as interest rates rose. The Polish government said earlier this year that it was allowing Poles to suspend repayments for up to eight months. Erasing major profits for banks after the sector was forced to count in provisions of about 13 billion zlotys ($2.78 billion).</p><p>Housing prices in Sweden, once one of Europe's hottest markets, have fallen by about 8 percent since the spring, with most economists now expecting a 15 percent drop. Rising interest rates are also putting pressure on property companies that borrow heavily in the bond market to finance their operations, leaving investors increasingly worried about their ability to refinance that debt.</p><p>The fall in house prices in the UK is also accelerating. House prices are flat or falling in almost half of London's boroughs, according to a media analysis.<a href=\"https://laohu8.com/S/HBC\">HSBC Holdings</a>The company has warned that the UK is at the \"peak of the property downturn\" and that demand could fall by 20pc in the coming year.</p><p></body></html></p>","source":"wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The world's hottest housing market, the bubble is bursting collectively</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe world's hottest housing market, the bubble is bursting collectively\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2022-09-12 20:54</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Soaring mortgage rates, regional loss of people, pressure on homebuyers and property owners alike, and a sharp drop in home prices in the hot housing market. Across the globe, soaring borrowing costs are squeezing pressure on homebuyers and homeowners, and the housing market has cooled sharply.</p><p>For the first time in nearly 18 months, the average U.S. home sold for less than its asking price, according to online real estate brokerage Redfin.</p><p>The shift is largely driven by central banks rate hike at the fastest pace in decades, mortgage rates have soared and millions of people who bought homes cheaply during the pandemic face higher repayments. So buyers are retreating, with prices falling in hot housing markets such as the United States, Australia, Canada and Sweden.</p><p><a href=\"https://laohu8.com/S/NMR\">Nomura Holdings</a>Rob Subbaraman, head of global market research, said:</p><p>\"Interest rates have risen sharply at a time when inflation-adjusted real wages are falling, something young families with debt may not have experienced in their lifetime.\" U.S. homes are selling below list prices for the first time since 2021</p><p>Redfin said the average selling price-to-listing price ratio fell to 99.8% in the four weeks ending Aug. 28. The ratio has not been below 100% since March 2021.</p><p>Additionally, the supply of homes for sale grew at a record pace in July this year, with new home sales growth in the U.S. falling to its slowest rate since early 2016. Mortgage rates hit their highest level since June this week and are approaching 2022 highs in anticipation of further rate hike from the Federal Reserve.</p><p>Although the U.S. housing market has cooled so far this year, there are some signs that the market is starting to level off right now. Redfin's report showed that the percentage of homes with reduced prices for sale was the same as in the previous four weeks, at 7.5%.</p><p>However, Daryl Fairweather, chief economist at Redfin, said in a statement:</p><p>\"While the cooling seems to be coming to an end, there are signs that the market has more room to relax. This year's post-Labor Day slowdown is likely to be a little more severe than in previous years when the market was ultra-tight.\" San Francisco home prices plummet amid exodus</p><p>San Francisco home prices plunged last month amid soaring interest rates and an exodus of tech company workers.</p><p>In the four weeks ending Sept. 4, the city's median single-family home price fell 7% from a year earlier, the largest annual drop since 2012, to $1.4 million, according to a Redfin report.</p><p>Real estate brokerage firm Compass said it has seen a 25% drop in the number of contracts it signed in San Francisco since August 2021.</p><p>Daryl Fairweather said in an interview: \"Housing prices in San Francisco have become so expensive because there are tech people working here. However, the pandemic and remote work have weakened the connection of tech companies with the area.\"</p><p>Home sales across the U.S. have come to a brake as soaring borrowing costs reduce affordability and sellers remain reluctant to cut prices. San Francisco has been hit hard as its workers remain reluctant to return to their desks, lagging the return to work rate in other major metro areas and prompting the closure of many restaurants and retailers in the city.</p><p>The global decline in house prices is just beginning</p><p>While the housing recession so far has not approached the level of the 2008 financial crisis, data from the housing market is a key variable for central bankers looking to tame inflation without triggering a deep recession.</p><p>At present, bubble markets such as Australia, New Zealand and Canada are already facing double-digit house price declines, but economists believe the global decline is just beginning.</p><p>According to the media, Hideaki Hirata of Hosei University said: \"We will observe a global synchronized real estate market decline in 2023 and 2024.\" Hideaki Hirata, a former Bank of Japan economist, warned that the full impact of this year's sharp rate hike on households will take time to show.</p><p>Bloomberg economist Niraj Shah said:</p><p>\"If the central bank tightens too much, the prospect of a soft landing weakens. House prices may fall faster, exacerbating and prolonging the recession.\" In Poland, some borrowers doubled their monthly payments as interest rates rose. The Polish government said earlier this year that it was allowing Poles to suspend repayments for up to eight months. Erasing major profits for banks after the sector was forced to count in provisions of about 13 billion zlotys ($2.78 billion).</p><p>Housing prices in Sweden, once one of Europe's hottest markets, have fallen by about 8 percent since the spring, with most economists now expecting a 15 percent drop. Rising interest rates are also putting pressure on property companies that borrow heavily in the bond market to finance their operations, leaving investors increasingly worried about their ability to refinance that debt.</p><p>The fall in house prices in the UK is also accelerating. House prices are flat or falling in almost half of London's boroughs, according to a media analysis.<a href=\"https://laohu8.com/S/HBC\">HSBC Holdings</a>The company has warned that the UK is at the \"peak of the property downturn\" and that demand could fall by 20pc in the coming year.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3670087\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c3c5822c22b6cfd1d0ae2625b7bc085e","relate_stocks":{"09979":"绿城管理控股","BK1148":"建筑与工程"},"source_url":"https://wallstreetcn.com/articles/3670087","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108863046","content_text":"抵押贷款利率飙升、地区人员流失，购房者和业主均面临压力，火热房地产市场房价大幅下跌。在全球范围内，飙升的借贷成本正在挤压购房者和业主的压力，房地产市场大幅降温。根据在线房产经纪公司Redfin的数据，美国平均房屋售价近18个月来首次低于要价。这种转变主要是因为各国央行以几十年来最快的速度加息，抵押贷款利率飙升，数百万在疫情期间以低廉的价格购买房屋的人面临更高的还款额。因此购房者正在撤退，美国、澳大利亚、加拿大和瑞典等火热房地产市场的房价都在下跌。野村控股全球市场研究主管Rob Subbaraman表示：“在经通胀调整后的实际工资下降之际，利率大幅上升，这可能是背负债务的年轻家庭一生中从未经历过的事。”美国房屋售价自2021年来首次低于标价Redfin表示，在截至8月28日的四个星期内，平均售价与挂牌价格的比率降至99.8%。自2021年3月以来，该比率从未低于100%。此外，今年7月份待售房屋供应以创纪录的速度增长，美国新屋销售增速降至2016年初以来的最低水平。由于预期美联储将进一步加息，抵押贷款利率本周创下6月以来的最高水平，并逼近2022年的高点。尽管美国房地产市场今年迄今已经降温，但有一些迹象表明，目前市场正开始趋于平稳。Redfin的报告显示，降价待售的房子比例与前四周相同，为7.5%。不过Redfin首席经济学家Daryl Fairweather在一份声明中表示：“虽然冷却似乎正在逐渐结束，但有迹象表明，市场还有更大的放松空间。今年劳动节后的经济放缓可能会比市场超紧张的前几年更严重一些。”因人员外流 旧金山房价急剧下滑由于利率飙升和科技公司工作者外流，旧金山房价上个月暴跌。根据Redfin的一份报告，在截至9月4日的四个星期内，该市的单户住宅中位价比去年同期下降了7%，为2012年以来的最大年度跌幅，至140万美元。房产经纪公司Compass表示，自2021年8月以来，其在旧金山签订的合同数量下降了25%。Daryl Fairweather在接受采访时说：“旧金山的房价是因为有科技人员在这工作而变得如此昂贵。然而疫情和远程工作削弱了科技公司与该地区的联系。”由于飙升的借贷成本降低了人们的负担能力，而卖家仍然不愿降价，美国各地的房屋销售都已刹车。旧金山受到了沉重打击 ，因为其工人仍然不愿回到办公桌前，落后于其他主要都市区的复工率，并促使该市许多餐馆和零售商关闭。全球房价下滑才刚刚开始虽然到目前为止的房地产衰退还没有接近2008年金融危机的水平，但对于希望在不引发深度衰退的情况下抑制通胀的央行官员来说，房地产市场的数据是一个关键变量。目前，澳大利亚、新西兰和加拿大等泡沫市场已经面临两位数的房价下跌，但经济学家认为全球房价下滑才刚刚开始。据媒体，法政大学的Hideaki Hirata表示：“我们将在2023年和2024年观察到全球同步的房地产市场下滑。”平田英明曾是日本央行经济学家，他警告说，今年大幅加息对家庭的全面影响还需要时间才能显现出来。彭博经济学家Niraj Shah表示：“如果央行收紧过度，软着陆的前景就会减弱。房价可能会更快地下跌，加剧并延长衰退。”在波兰，随着利率的上升，一些借款人的每月还款翻了一番。波兰政府今年早些时候表示，允许波兰人暂停还款长达8个月。在银行业被迫计入约130亿兹罗提（27.8亿美元）的拨备后，抹去了银行的主要利润。瑞典曾是欧洲最热门的市场之一，自今年春季以来，该国房价已经下跌了约8%，多数经济学家目前预计降幅为15%。不断上升的利率也给在债券市场上大举借债以为运营融资的房地产公司带来压力，让投资者越来越担心它们是否有能力为这些债务再融资。英国的房价下跌也在加速。据媒体的一项分析显示，在伦敦几乎一半的行政区，房价持平或下跌。汇丰控股公司警告称，英国正处于“房地产低迷的顶点”，未来一年的需求可能会下降20%。","news_type":1,"symbols_score_info":{"09979":0.9}},"isVote":1,"tweetType":1,"viewCount":3283,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9932737023,"gmtCreate":1662990893862,"gmtModify":1676537177566,"author":{"id":"4090450388918740","authorId":"4090450388918740","name":"NgSiewTeng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090450388918740","idStr":"4090450388918740"},"themes":[],"htmlText":"[微笑] ","listText":"[微笑] ","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9932737023","repostId":"1108863046","repostType":4,"repost":{"id":"1108863046","kind":"news","pubTimestamp":1662987258,"share":"https://ttm.financial/m/news/1108863046?lang=en_US&edition=fundamental","pubTime":"2022-09-12 20:54","market":"hk","language":"zh","title":"The world's hottest housing market, the bubble is bursting collectively","url":"https://stock-news.laohu8.com/highlight/detail?id=1108863046","media":"华尔街见闻","summary":"抵押贷款利率飙升、地区人员流失，购房者和业主均面临压力，火热房地产市场房价大幅下跌。在全球范围内，飙升的借贷成本正在挤压购房者和业主的压力，房地产市场大幅降温。根据在线房产经纪公司Redfin的数据，","content":"<p><html><head></head><body>Soaring mortgage rates, regional loss of people, pressure on homebuyers and property owners alike, and a sharp drop in home prices in the hot housing market. Across the globe, soaring borrowing costs are squeezing pressure on homebuyers and homeowners, and the housing market has cooled sharply.</p><p>For the first time in nearly 18 months, the average U.S. home sold for less than its asking price, according to online real estate brokerage Redfin.</p><p>The shift is largely driven by central banks rate hike at the fastest pace in decades, mortgage rates have soared and millions of people who bought homes cheaply during the pandemic face higher repayments. So buyers are retreating, with prices falling in hot housing markets such as the United States, Australia, Canada and Sweden.</p><p><a href=\"https://laohu8.com/S/NMR\">Nomura Holdings</a>Rob Subbaraman, head of global market research, said:</p><p>\"Interest rates have risen sharply at a time when inflation-adjusted real wages are falling, something young families with debt may not have experienced in their lifetime.\" U.S. homes are selling below list prices for the first time since 2021</p><p>Redfin said the average selling price-to-listing price ratio fell to 99.8% in the four weeks ending Aug. 28. The ratio has not been below 100% since March 2021.</p><p>Additionally, the supply of homes for sale grew at a record pace in July this year, with new home sales growth in the U.S. falling to its slowest rate since early 2016. Mortgage rates hit their highest level since June this week and are approaching 2022 highs in anticipation of further rate hike from the Federal Reserve.</p><p>Although the U.S. housing market has cooled so far this year, there are some signs that the market is starting to level off right now. Redfin's report showed that the percentage of homes with reduced prices for sale was the same as in the previous four weeks, at 7.5%.</p><p>However, Daryl Fairweather, chief economist at Redfin, said in a statement:</p><p>\"While the cooling seems to be coming to an end, there are signs that the market has more room to relax. This year's post-Labor Day slowdown is likely to be a little more severe than in previous years when the market was ultra-tight.\" San Francisco home prices plummet amid exodus</p><p>San Francisco home prices plunged last month amid soaring interest rates and an exodus of tech company workers.</p><p>In the four weeks ending Sept. 4, the city's median single-family home price fell 7% from a year earlier, the largest annual drop since 2012, to $1.4 million, according to a Redfin report.</p><p>Real estate brokerage firm Compass said it has seen a 25% drop in the number of contracts it signed in San Francisco since August 2021.</p><p>Daryl Fairweather said in an interview: \"Housing prices in San Francisco have become so expensive because there are tech people working here. However, the pandemic and remote work have weakened the connection of tech companies with the area.\"</p><p>Home sales across the U.S. have come to a brake as soaring borrowing costs reduce affordability and sellers remain reluctant to cut prices. San Francisco has been hit hard as its workers remain reluctant to return to their desks, lagging the return to work rate in other major metro areas and prompting the closure of many restaurants and retailers in the city.</p><p>The global decline in house prices is just beginning</p><p>While the housing recession so far has not approached the level of the 2008 financial crisis, data from the housing market is a key variable for central bankers looking to tame inflation without triggering a deep recession.</p><p>At present, bubble markets such as Australia, New Zealand and Canada are already facing double-digit house price declines, but economists believe the global decline is just beginning.</p><p>According to the media, Hideaki Hirata of Hosei University said: \"We will observe a global synchronized real estate market decline in 2023 and 2024.\" Hideaki Hirata, a former Bank of Japan economist, warned that the full impact of this year's sharp rate hike on households will take time to show.</p><p>Bloomberg economist Niraj Shah said:</p><p>\"If the central bank tightens too much, the prospect of a soft landing weakens. House prices may fall faster, exacerbating and prolonging the recession.\" In Poland, some borrowers doubled their monthly payments as interest rates rose. The Polish government said earlier this year that it was allowing Poles to suspend repayments for up to eight months. Erasing major profits for banks after the sector was forced to count in provisions of about 13 billion zlotys ($2.78 billion).</p><p>Housing prices in Sweden, once one of Europe's hottest markets, have fallen by about 8 percent since the spring, with most economists now expecting a 15 percent drop. Rising interest rates are also putting pressure on property companies that borrow heavily in the bond market to finance their operations, leaving investors increasingly worried about their ability to refinance that debt.</p><p>The fall in house prices in the UK is also accelerating. House prices are flat or falling in almost half of London's boroughs, according to a media analysis.<a href=\"https://laohu8.com/S/HBC\">HSBC Holdings</a>The company has warned that the UK is at the \"peak of the property downturn\" and that demand could fall by 20pc in the coming year.</p><p></body></html></p>","source":"wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The world's hottest housing market, the bubble is bursting collectively</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe world's hottest housing market, the bubble is bursting collectively\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2022-09-12 20:54</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Soaring mortgage rates, regional loss of people, pressure on homebuyers and property owners alike, and a sharp drop in home prices in the hot housing market. Across the globe, soaring borrowing costs are squeezing pressure on homebuyers and homeowners, and the housing market has cooled sharply.</p><p>For the first time in nearly 18 months, the average U.S. home sold for less than its asking price, according to online real estate brokerage Redfin.</p><p>The shift is largely driven by central banks rate hike at the fastest pace in decades, mortgage rates have soared and millions of people who bought homes cheaply during the pandemic face higher repayments. So buyers are retreating, with prices falling in hot housing markets such as the United States, Australia, Canada and Sweden.</p><p><a href=\"https://laohu8.com/S/NMR\">Nomura Holdings</a>Rob Subbaraman, head of global market research, said:</p><p>\"Interest rates have risen sharply at a time when inflation-adjusted real wages are falling, something young families with debt may not have experienced in their lifetime.\" U.S. homes are selling below list prices for the first time since 2021</p><p>Redfin said the average selling price-to-listing price ratio fell to 99.8% in the four weeks ending Aug. 28. The ratio has not been below 100% since March 2021.</p><p>Additionally, the supply of homes for sale grew at a record pace in July this year, with new home sales growth in the U.S. falling to its slowest rate since early 2016. Mortgage rates hit their highest level since June this week and are approaching 2022 highs in anticipation of further rate hike from the Federal Reserve.</p><p>Although the U.S. housing market has cooled so far this year, there are some signs that the market is starting to level off right now. Redfin's report showed that the percentage of homes with reduced prices for sale was the same as in the previous four weeks, at 7.5%.</p><p>However, Daryl Fairweather, chief economist at Redfin, said in a statement:</p><p>\"While the cooling seems to be coming to an end, there are signs that the market has more room to relax. This year's post-Labor Day slowdown is likely to be a little more severe than in previous years when the market was ultra-tight.\" San Francisco home prices plummet amid exodus</p><p>San Francisco home prices plunged last month amid soaring interest rates and an exodus of tech company workers.</p><p>In the four weeks ending Sept. 4, the city's median single-family home price fell 7% from a year earlier, the largest annual drop since 2012, to $1.4 million, according to a Redfin report.</p><p>Real estate brokerage firm Compass said it has seen a 25% drop in the number of contracts it signed in San Francisco since August 2021.</p><p>Daryl Fairweather said in an interview: \"Housing prices in San Francisco have become so expensive because there are tech people working here. However, the pandemic and remote work have weakened the connection of tech companies with the area.\"</p><p>Home sales across the U.S. have come to a brake as soaring borrowing costs reduce affordability and sellers remain reluctant to cut prices. San Francisco has been hit hard as its workers remain reluctant to return to their desks, lagging the return to work rate in other major metro areas and prompting the closure of many restaurants and retailers in the city.</p><p>The global decline in house prices is just beginning</p><p>While the housing recession so far has not approached the level of the 2008 financial crisis, data from the housing market is a key variable for central bankers looking to tame inflation without triggering a deep recession.</p><p>At present, bubble markets such as Australia, New Zealand and Canada are already facing double-digit house price declines, but economists believe the global decline is just beginning.</p><p>According to the media, Hideaki Hirata of Hosei University said: \"We will observe a global synchronized real estate market decline in 2023 and 2024.\" Hideaki Hirata, a former Bank of Japan economist, warned that the full impact of this year's sharp rate hike on households will take time to show.</p><p>Bloomberg economist Niraj Shah said:</p><p>\"If the central bank tightens too much, the prospect of a soft landing weakens. House prices may fall faster, exacerbating and prolonging the recession.\" In Poland, some borrowers doubled their monthly payments as interest rates rose. The Polish government said earlier this year that it was allowing Poles to suspend repayments for up to eight months. Erasing major profits for banks after the sector was forced to count in provisions of about 13 billion zlotys ($2.78 billion).</p><p>Housing prices in Sweden, once one of Europe's hottest markets, have fallen by about 8 percent since the spring, with most economists now expecting a 15 percent drop. Rising interest rates are also putting pressure on property companies that borrow heavily in the bond market to finance their operations, leaving investors increasingly worried about their ability to refinance that debt.</p><p>The fall in house prices in the UK is also accelerating. House prices are flat or falling in almost half of London's boroughs, according to a media analysis.<a href=\"https://laohu8.com/S/HBC\">HSBC Holdings</a>The company has warned that the UK is at the \"peak of the property downturn\" and that demand could fall by 20pc in the coming year.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3670087\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c3c5822c22b6cfd1d0ae2625b7bc085e","relate_stocks":{"09979":"绿城管理控股","BK1148":"建筑与工程"},"source_url":"https://wallstreetcn.com/articles/3670087","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108863046","content_text":"抵押贷款利率飙升、地区人员流失，购房者和业主均面临压力，火热房地产市场房价大幅下跌。在全球范围内，飙升的借贷成本正在挤压购房者和业主的压力，房地产市场大幅降温。根据在线房产经纪公司Redfin的数据，美国平均房屋售价近18个月来首次低于要价。这种转变主要是因为各国央行以几十年来最快的速度加息，抵押贷款利率飙升，数百万在疫情期间以低廉的价格购买房屋的人面临更高的还款额。因此购房者正在撤退，美国、澳大利亚、加拿大和瑞典等火热房地产市场的房价都在下跌。野村控股全球市场研究主管Rob Subbaraman表示：“在经通胀调整后的实际工资下降之际，利率大幅上升，这可能是背负债务的年轻家庭一生中从未经历过的事。”美国房屋售价自2021年来首次低于标价Redfin表示，在截至8月28日的四个星期内，平均售价与挂牌价格的比率降至99.8%。自2021年3月以来，该比率从未低于100%。此外，今年7月份待售房屋供应以创纪录的速度增长，美国新屋销售增速降至2016年初以来的最低水平。由于预期美联储将进一步加息，抵押贷款利率本周创下6月以来的最高水平，并逼近2022年的高点。尽管美国房地产市场今年迄今已经降温，但有一些迹象表明，目前市场正开始趋于平稳。Redfin的报告显示，降价待售的房子比例与前四周相同，为7.5%。不过Redfin首席经济学家Daryl Fairweather在一份声明中表示：“虽然冷却似乎正在逐渐结束，但有迹象表明，市场还有更大的放松空间。今年劳动节后的经济放缓可能会比市场超紧张的前几年更严重一些。”因人员外流 旧金山房价急剧下滑由于利率飙升和科技公司工作者外流，旧金山房价上个月暴跌。根据Redfin的一份报告，在截至9月4日的四个星期内，该市的单户住宅中位价比去年同期下降了7%，为2012年以来的最大年度跌幅，至140万美元。房产经纪公司Compass表示，自2021年8月以来，其在旧金山签订的合同数量下降了25%。Daryl Fairweather在接受采访时说：“旧金山的房价是因为有科技人员在这工作而变得如此昂贵。然而疫情和远程工作削弱了科技公司与该地区的联系。”由于飙升的借贷成本降低了人们的负担能力，而卖家仍然不愿降价，美国各地的房屋销售都已刹车。旧金山受到了沉重打击 ，因为其工人仍然不愿回到办公桌前，落后于其他主要都市区的复工率，并促使该市许多餐馆和零售商关闭。全球房价下滑才刚刚开始虽然到目前为止的房地产衰退还没有接近2008年金融危机的水平，但对于希望在不引发深度衰退的情况下抑制通胀的央行官员来说，房地产市场的数据是一个关键变量。目前，澳大利亚、新西兰和加拿大等泡沫市场已经面临两位数的房价下跌，但经济学家认为全球房价下滑才刚刚开始。据媒体，法政大学的Hideaki Hirata表示：“我们将在2023年和2024年观察到全球同步的房地产市场下滑。”平田英明曾是日本央行经济学家，他警告说，今年大幅加息对家庭的全面影响还需要时间才能显现出来。彭博经济学家Niraj Shah表示：“如果央行收紧过度，软着陆的前景就会减弱。房价可能会更快地下跌，加剧并延长衰退。”在波兰，随着利率的上升，一些借款人的每月还款翻了一番。波兰政府今年早些时候表示，允许波兰人暂停还款长达8个月。在银行业被迫计入约130亿兹罗提（27.8亿美元）的拨备后，抹去了银行的主要利润。瑞典曾是欧洲最热门的市场之一，自今年春季以来，该国房价已经下跌了约8%，多数经济学家目前预计降幅为15%。不断上升的利率也给在债券市场上大举借债以为运营融资的房地产公司带来压力，让投资者越来越担心它们是否有能力为这些债务再融资。英国的房价下跌也在加速。据媒体的一项分析显示，在伦敦几乎一半的行政区，房价持平或下跌。汇丰控股公司警告称，英国正处于“房地产低迷的顶点”，未来一年的需求可能会下降20%。","news_type":1,"symbols_score_info":{"09979":0.9}},"isVote":1,"tweetType":1,"viewCount":3283,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
